Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, Net (Tables)

v3.24.1.u1
Property, Plant, and Equipment, Net (Tables)
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant and equipment, net consist of the following (in millions):
  Depreciable
Lives		   March 31, 2024 December 31, 2023
Land, buildings, and leasehold improvements
3-39 years
   $ 49.9  $ 49.4 
Machinery and equipment
5-15 years
   39.6  38.5 
Badges
3-5 years
   44.2  41.0 
Furniture, fixtures, computer equipment and other
3-10 years
   22.9  22.9 
Software development costs
3-5 years
 11.0  10.7 
Construction in progress (1)
—   32.5  28.6 
      200.1  191.1 
Less: accumulated depreciation and amortization     (61.8) (56.6)
      $ 138.3  $ 134.5 
(1) Includes $5.6 million and $4.2 million of Construction in progress for internally developed software as of March 31, 2024, and December 31, 2023, respectively.
Schedule of Depreciation Expense
Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):
Three Months Ended Three Months Ended
March 31, 2024 March 31, 2023
Depreciation expense in:
Cost of revenues $ 5.3  $ 4.7 
Operating expenses $ 2.0  $ 2.9