Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, Net

v3.23.2
Property, Plant, and Equipment, Net
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, Net Property, Plant and Equipment, Net
Property, plant and equipment, net consist of the following (in millions):
  Depreciable
Lives		   June 30, 2023 December 31, 2022
Land, buildings, and leasehold improvements
3-39 years
   $ 45.7  $ 46.5 
Machinery and equipment
5-15 years
   33.8  33.6 
Badges
3-5 years
   35.8  33.4 
Furniture, fixtures, computer equipment and other
3-10 years
   29.4  25.8 
Construction in progress —   22.7  15.9 
      167.4  155.2 
Less: accumulated depreciation and amortization     (39.1) (30.9)
      $ 128.3  $ 124.3 
Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):
Three Months Ended Three Months Ended Six Months Ended Six Months Ended
June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022
Depreciation expense in:
Cost of revenues $ 4.7  $ 4.5  $ 9.4  $ 8.6 
Operating expenses $ 2.8  $ 2.6  $ 5.7  $ 4.6