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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Pension Expenses
The components of net periodic pension (income) expense are as follows:
 Year Ended December 31,
 202120202019
Interest cost$1.7 $1.8 $2.2 
Expected return on plan assets(3.8)(3.3)(2.9)
Amortization of net loss1.0 1.2 1.3 
Total net periodic pension (income) expense$(1.1)$(0.3)$0.6 
Schedule of Changes in Projected Benefit Obligation and Plan Assets, Funded Status and Amounts Recognized on the Balance Sheet
The changes in the projected benefit obligation and plan assets, the funded status of the plans and the amounts recognized in the consolidated balance sheets are as follows:
 
December 31,
20212020
Change in projected benefit obligation:
Projected benefit obligation at beginning of year$62.5 $58.5 
Interest cost1.7 1.8 
Assumption changes(1.9)5.2 
Acquisition of Hudson Plan (1)
3.1 — 
Benefits paid(2.8)(2.7)
Actuarial losses (gains)0.9 (0.3)
Projected benefit obligation at year end63.5 62.5 
Change in plan assets:
Fair value of plan assets at beginning of year53.9 49.1 
Actual return 8.3 6.4 
Acquisition of Hudson Plan (1)
2.4 — 
Employer contributions0.1 1.1 
Benefits paid(2.8)(2.7)
Fair value of plan assets at year end61.9 53.9 
Funded status (Accrued pension liabilities)$(1.6)$(8.6)
Unrecognized actuarial loss recognized in accumulated other comprehensive income (loss)$8.0 $14.9 
_______________
(1)The 2021 changes in the projected benefit obligation and plan assets reflect the effect of the Hudson Plan merger. The Hudson Plan accrued pension liability as of December 31, 2020 is not included in the table above. At December 31, 2020, the projected benefit obligation of the Hudson Plan was $2.9 while the fair value of plan assets was $2.0. Consequently, at December 31, 2020, a liability of $1.0, was included in accrued pension liabilities on the consolidated balance sheets for the underfunded status of the Hudson Plan. Pension expense relative to the Hudson Plan in 2020 was not significant.
Schedule of Assumptions Used
The actuarial assumptions used in determining pension plan information are as follows: 
 December 31,
 202120202019
Assumptions used to determine benefit obligation at year end:
  Discount rate2.7 %2.4 %3.2 %
Assumptions used to determine net periodic benefit cost:
  Discount rate2.4 %3.2 %4.2 %
  Expected long-term weighted-average rate of return on plan assets7.0 %7.0 %7.0 %
Schedule of Target Allocation by Asset Category and Fair Value
The target allocations by asset category and fair values of the plan assets by asset class at December 31 are as follows:
Target Allocations by Asset CategoryFair Value
TotalLevel 2Level 3
Plan Assets:202120202021202020212020
Equity funds
68%
$43.9 $38.9 $43.9 $38.9 $— $— 
Fixed income funds
26%
16.0 13.2 16.0 13.2 — — 
Other investments
6%
2.0 1.8 — — 2.0 1.8 
Total$61.9 $53.9 $59.9 $52.1 $2.0 $1.8 
Rollforward of Unobservable Inputs
The following table represents changes in the fair value of plan assets categorized as Level 3 from the preceding table:
Balance at December 31, 2019$0.3 
Purchases, sales and settlements, net(3.0)
Transfers, net4.5 
Balance at December 31, 20201.8 
Purchases, sales and settlements, net(3.0)
Transfers, net3.2 
Balance at December 31, 2021$2.0 
Schedule of Expected Benefit Payments The following benefit payments are expected to be paid by the plan in each of the next five years and in the aggregate for the subsequent five years:
2022$3.3 
20233.4 
20243.5 
20253.5 
20263.6 
In aggregate during five years thereafter17.9