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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Lease Cost
Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):
 
 
 
Three Months Ended March 31, 2019
Finance lease - cash paid for interest
 
 
$
0.6

Finance lease - financing cash flows
 
 
$
0.1

Operating lease - operating cash flows (fixed payments)
 
$
3.3


Other supplemental information (in millions):
Operating lease right-of-use assets obtained in exchange for new lease liabilities
$
41.2

Finance lease right-of-use assets obtained in exchange for new lease liabilities
$
39.6

 
 
 
 
 
 
Weighted-average remaining lease term (in years):
 
 
Operating leases
5.1

 
Finance leases
19.6

 
 
 
 
 
 
Weighted-average discount rate:
 
 
Operating leases
6.50
%
 
Finance leases
6.53
%
The components of lease expense were as follows (in millions):
 
 
 
 
 
Three Months Ended
 
 
 
March 31, 2019
Amortization of right of use assets - finance leases
 
 
$
0.5

Interest on lease liabilities - finance leases
 
 
0.6

Operating lease cost (cost resulting from lease payments)
 
3.0

Short-term lease cost
 
 
0.1

Variable lease cost (cost excluded from lease payments)
 

Sublease income
 
 
(0.8
)
 
Total lease cost
 
 
$
3.4

 
 
 
 
 
 
Balance Sheet Information
The components of leases on the balance sheet were as follows (in millions):
 
March 31, 2019
Operating Leases:
 
 
Operating lease right-of-use assets
$
38.1

 
Current portion of operating lease liabilities
$
13.3

 
Operating lease liabilities, net of current portion
$
31.3

Finance leases:
 
 
Property, plant and equipment, net
$
39.1

 
Other current liabilities
$
0.5

 
Other long-term liabilities
$
38.9

Maturities of Operating Lease Liabilities
The maturity of lease liabilities is (in millions):
 
 
 
Operating Leases
 
Finance Leases
2019 (1)
 
 
$
11.8

 
$
2.3

2020
 
 
11.4

 
3.1

2021
 
 
7.2

 
3.2

2022
 
 
5.6

 
3.3

2023
 
 
5.2

 
3.3

Thereafter
 
11.7

 
57.3

 
Total lease payments
52.9

 
72.5

Less: imputed interest
(8.3
)
 
(33.1
)
 
Total present value of lease liabilities
$
44.6

 
$
39.4

(1) Excludes the three months ended March 31, 2019.
 
 
 
 
 
 
 
 
 
Maturities of Financing Lease Liabilities
The maturity of lease liabilities is (in millions):
 
 
 
Operating Leases
 
Finance Leases
2019 (1)
 
 
$
11.8

 
$
2.3

2020
 
 
11.4

 
3.1

2021
 
 
7.2

 
3.2

2022
 
 
5.6

 
3.3

2023
 
 
5.2

 
3.3

Thereafter
 
11.7

 
57.3

 
Total lease payments
52.9

 
72.5

Less: imputed interest
(8.3
)
 
(33.1
)
 
Total present value of lease liabilities
$
44.6

 
$
39.4

(1) Excludes the three months ended March 31, 2019.
 
 
 
 
 
 
 
 
 
Schedule of Future Minimum Rental Payments for Operating Leases
Company’s operating leases as classified under ASC 840, were as follows (in millions):
Year ending December 30, 2018
 
 
Operating Leases
2019
 
 
 
 
$
16.5

2020
 
 
 
 
12.0

2021
 
 
 
 
9.6

2022
 
 
 
 
8.1

2023
 
 
 
 
7.9

Thereafter
 
 
 
63.1

 
Total minimum lease payments
 
 
$
117.2