Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, Net

v3.22.1
Property, Plant, and Equipment, Net
 3 Months Ended
Mar. 31, 2022
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):
Successor
  Depreciable
Lives		   March 31, 2022 December 31, 2021
Land, buildings, and leasehold improvements
3-39 years
   $ 45.0  $ 45.0 
Machinery and equipment
5-15 years
   28.1  26.7 
Badges
3-5 years
   30.0  27.9 
Furniture, fixtures, computer equipment and other
3-10 years
   18.3  16.7 
Construction in progress —   15.2  12.2 
      136.6  128.5 
Less: accumulated depreciation and amortization     (10.8) (4.5)
      $ 125.8  $ 124.0 
Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):
Successor Predecessor
March 31, 2022 March 31, 2021
Depreciation expense in:
Cost of revenues $ 4.2  $ 2.9 
Operating expenses $ 1.9  $ 2.1 
Construction in progress includes capitalized internal use software costs totaling $1.9 million and $1.7 million as of March 31, 2022 and December 31, 2021 respectively.