Leases Leases (Tables)

12 Months Ended

Dec. 29, 2019

Leases [Abstract]

Schedule of Lease Cost

Cash paid for amounts included in the measurement of lease liabilities for the year ended December 29, 2019 was as follows (in millions):

Finance lease - cash paid for interest	$	2.5
Finance lease - financing cash flows	$	0.5
Operating lease - operating cash flows (fixed payments)	$	14.8

Other supplemental noncash information (in millions):

Operating lease liabilities arising from obtaining right-of-use assets, including impact of ASC 842 adoption	$	59.3
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	5.77
Finance leases	18.91
Weighted-average discount rate:
Operating leases	6.50		%
Finance leases	6.52		%

The components of lease expense for the year ended December 29, 2019 were as follows (in millions):

Amortization of right of use assets - finance leases	$	2.0
Interest expense on lease liabilities - finance leases	2.5
Operating lease cost (expense resulting from amortization of total lease payments)	13.2
Short-term lease cost	0.6
Variable lease cost (cost excluded from lease payments)	0.1
Sublease income	(3.3		)
Total lease cost	$	15.1

Balance Sheet Information

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

	December 29, 2019
Operating Leases:
Operating lease right-of-use assets	$	42.1
Current portion of operating lease liabilities	$	9.9
Operating lease liabilities, net of current portion	$	37.6
Finance leases:
Property, plant and equipment, net	$	38.1
Other current liabilities	$	0.6
Other long-term liabilities	$	38.4

Maturities of Operating Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases			Finance Leases
2020	$	12.6		$	3.1
2021	10.0			3.2
2022	8.6			3.3
2023	8.2			3.3
2024	6.2			3.3
Thereafter	11.6			54.0
Total lease payments	57.2			70.2
Less: imputed interest	(9.6		)	(31.2		)
Total present value of lease liabilities	$	47.6		$	39.0

Maturities of Financing Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases			Finance Leases
2020	$	12.6		$	3.1
2021	10.0			3.2
2022	8.6			3.3
2023	8.2			3.3
2024	6.2			3.3
Thereafter	11.6			54.0
Total lease payments	57.2			70.2
Less: imputed interest	(9.6		)	(31.2		)
Total present value of lease liabilities	$	47.6		$	39.0

Schedule of Future Minimum Rental Payments for Operating Leases

As of December 30, 2018, future minimum lease payments under ASC 840 for operating leases, which does not include $4.3 million in sublease income on the Company’s operating leases, were as follows (in millions):

Year	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