Leases (Tables)

9 Months Ended

Sep. 29, 2019

Leases [Abstract]

Schedule of Lease Cost

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

	Three Months Ended			Nine Months Ended
	September 29, 2019			September 29, 2019
Amortization of right of use assets - finance leases	$	0.5		$	1.5
Interest on lease liabilities - finance leases	0.6			1.9
Operating lease cost (cost resulting from lease payments)	3.6			10.2
Short-term lease cost	0.1			0.5
Variable lease cost (cost excluded from lease payments)	—			0.1
Sublease income	(0.8		)	(2.4		)
Total lease cost	$	4.0		$	11.8

Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):

	Three Months Ended		Nine Months Ended
	September 29, 2019		September 29, 2019
Finance lease - cash paid for interest	$	0.6	$	1.9
Finance lease - financing cash flows	$	0.1	$	0.4
Operating lease - operating cash flows (fixed payments)	$	3.6	$	10.9

Other supplemental noncash information (in millions):

Operating lease liabilities arising from obtaining right-of-use assets, including impact of ASC 842 adoption	$	4.3	$	60.1
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			5.79
Finance leases			19.17
Weighted-average discount rate:
Operating leases			6.50		%
Finance leases			6.53		%

Balance Sheet Information

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

	September 29, 2019
Operating Leases:
Operating lease right-of-use assets	$	44.8
Current portion of operating lease liabilities	$	10.9
Operating lease liabilities, net of current portion	$	39.5
Finance leases:
Property, plant and equipment, net	$	38.1
Other current liabilities	$	0.6
Other long-term liabilities	$	38.6

Maturities of Operating Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases			Finance Leases
2019 (1)	$	3.8		$	0.8
2020	12.6			3.1
2021	10.0			3.2
2022	8.5			3.3
2023	8.2			3.3
Thereafter	17.8			57.3
Total lease payments	60.9			71.0
Less: imputed interest	(10.4		)	(31.8		)
Total present value of lease liabilities	$	50.5		$	39.2
(1) Excludes the nine months ended September 29, 2019.

Maturities of Financing Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases			Finance Leases
2019 (1)	$	3.8		$	0.8
2020	12.6			3.1
2021	10.0			3.2
2022	8.5			3.3
2023	8.2			3.3
Thereafter	17.8			57.3
Total lease payments	60.9			71.0
Less: imputed interest	(10.4		)	(31.8		)
Total present value of lease liabilities	$	50.5		$	39.2
(1) Excludes the nine months ended September 29, 2019.

Schedule of Future Minimum Rental Payments for Operating Leases

Company’s operating leases as classified under ASC 840, were as follows (in millions):

	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