Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, Net

v3.23.3
Property, Plant, and Equipment, Net
 9 Months Ended
Sep. 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		   September 30, 2023 December 31, 2022
Land, buildings, and leasehold improvements
3-39 years
   $ 47.6  $ 46.5 
Machinery and equipment
5-15 years
   36.4  33.6 
Badges
3-5 years
   38.2  33.4 
Furniture, fixtures, computer equipment and other
3-10 years
   30.7  25.8 
Construction in progress —   26.3  15.9 
      179.2  155.2 
Less: accumulated depreciation and amortization     (50.3) (30.9)
      $ 128.9  $ 124.3 
Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022
Depreciation expense in:
Cost of revenues $ 4.8  $ 4.2  $ 14.2  $ 12.8 
Operating expenses $ 3.1  $ 3.0  $ 8.8  $ 7.6