Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, Net

v3.22.2
Property, Plant, and Equipment, Net
 6 Months Ended
Jun. 30, 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		   June 30, 2022 December 31, 2021
Land, buildings, and leasehold improvements
3-39 years
   $ 45.7  $ 45.0 
Machinery and equipment
5-15 years
   30.4  26.7 
Badges
3-5 years
   31.0  27.9 
Furniture, fixtures, computer equipment and other
3-10 years
   22.0  16.7 
Construction in progress —   10.4  12.2 
      139.5  128.5 
Less: accumulated depreciation and amortization     (17.2) (4.5)
      $ 122.3  $ 124.0 
Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):
Successor Predecessor Successor Predecessor
Three Months Ended Three Months Ended Six Months Ended Six Months Ended
June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
Depreciation expense in:
Cost of revenues $ 4.5  $ 4.9  $ 8.6  $ 7.7 
Operating expenses $ 2.6  $ 1.9  $ 4.6  $ 4.1 
Construction in progress includes capitalized internal use software costs totaling $0.6 million and $1.7 million as of June 30, 2022 and December 31, 2021 respectively.