Leases (Tables)

6 Months Ended

Jun. 30, 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		Six Months Ended
	June 30, 2019		June 30, 2019
Finance lease - cash paid for interest	$	0.6	$	1.2
Finance lease - financing cash flows	$	0.1	$	0.2
Operating lease - operating cash flows (fixed payments)	$	4.0	$	7.3

Other supplemental noncash information (in millions):

Operating lease liabilities arising from obtaining right-of-use assets, including impact of ASC 842 adoption	$	8.5	$	55.7
Finance lease liabilities arising from obtaining right-of-use assets, including impact of ASC 842 adoption	$	—	$	39.6
Weighted-average remaining lease term (in years):
Operating leases			5.6
Finance leases			19.4
Weighted-average discount rate:
Operating leases			6.55		%
Finance leases			6.53		%

The components of lease expense were as follows (in millions):

	Three Months Ended			Six Months Ended
	June 30, 2019			June 30, 2019
Amortization of right of use assets - finance leases	$	0.5		$	1.0
Interest on lease liabilities - finance leases	0.6			1.2
Operating lease cost (cost resulting from lease payments)	3.7			6.7
Short-term lease cost	0.2			0.4
Variable lease cost (cost excluded from lease payments)	0.1			0.1
Sublease income	(0.8		)	(1.6		)
Total lease cost	$	4.3		$	7.8

Balance Sheet Information

The components of leases on the balance sheet were as follows (in millions):

	June 30, 2019
Operating Leases:
Operating lease right-of-use assets	$	43.8
Current portion of operating lease liabilities	$	12.1
Operating lease liabilities, net of current portion	$	37.8
Finance leases:
Property, plant and equipment, net	$	38.6
Other current liabilities	$	0.6
Other long-term liabilities	$	38.7

Maturities of Operating Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases			Finance Leases
2019 (1)	$	7.9		$	1.5
2020	11.9			3.2
2021	9.3			3.2
2022	7.8			3.3
2023	7.4			3.3
Thereafter	15.7			57.3
Total lease payments	60.0			71.8
Less: imputed interest	(10.1		)	(32.5		)
Total present value of lease liabilities	$	49.9		$	39.3
(1) Excludes the six months ended June 30, 2019.

Maturities of Financing Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases			Finance Leases
2019 (1)	$	7.9		$	1.5
2020	11.9			3.2
2021	9.3			3.2
2022	7.8			3.3
2023	7.4			3.3
Thereafter	15.7			57.3
Total lease payments	60.0			71.8
Less: imputed interest	(10.1		)	(32.5		)
Total present value of lease liabilities	$	49.9		$	39.3
(1) Excludes the six months ended June 30, 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