Leases (Tables)

9 Months Ended

Sep. 27, 2020

Leases [Abstract]

Lease cost

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

	Three Months Ended				Nine Months Ended
	September 27, 2020		September 29, 2019		September 27, 2020		September 29, 2019
Amortization of right of use assets - finance leases	$	0.6	$	0.5	$	1.6	$	1.5
Interest on lease liabilities - finance leases	0.6		0.6		1.9		1.9
Operating lease cost	2.7		3.6		9.1		10.2
Short-term lease cost	0.2		0.1		0.6		0.5
Variable lease cost (cost excluded from lease payments)	—		—		0.1		0.1
Sublease income	(0.1)		(0.8)		(1.1)		(2.4)
Total lease cost	$	4.0	$	4.0	$	12.2	$	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 27, 2020		September 29, 2019		September 27, 2020		September 29, 2019
Finance lease - cash paid for interest	$	0.6	$	0.6	$	1.9	$	1.9
Finance lease - financing cash flows	$	0.2	$	0.1	$	0.5	$	0.4
Operating lease - operating cash flows (fixed payments)	$	2.9	$	3.6	$	10.2	$	10.9

Other supplemental noncash information (in millions):

	Three Months Ended				Nine Months Ended
	September 27, 2020		September 29, 2019		September 27, 2020			September 29, 2019
Operating lease liabilities arising from obtaining right-of-use assets, including impact of ASC 842 adoption	$	3.8	$	4.3	$	4.8		$	60.1
Finance lease liabilities arising from obtaining right-of-use assets, including impact of ASC 842 adoption	$	0.8	$	—	$	1.2		$	39.6
Weighted-average remaining lease term (in years):
Operating leases					5.36			5.79
Finance leases					18.01			19.17
Weighted-average discount rate:
Operating leases					6.50		%	6.50		%
Finance leases					6.52		%	6.53		%

Balance sheet information

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

	September 27, 2020		December 29, 2019
Operating Leases:
Operating lease right-of-use assets	$	40.1	$	42.1
Current portion of operating lease liabilities	$	8.9	$	9.9
Operating lease liabilities, net of current portion	$	35.7	$	37.6
Finance leases:
Property, plant and equipment, net	$	37.0	$	38.1
Other current liabilities	$	0.8	$	0.6
Other long-term liabilities	$	38.9	$	38.4

Maturities of operating lease liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2020 (1)	$	2.8	$	0.8
2021	11.3		3.4
2022	9.9		3.4
2023	9.2		3.5
2024	7.1		3.5
Thereafter	12.7		54.9
Total lease payments	53.0		69.5
Less: imputed interest	(8.4)		(29.8)
Total present value of lease liabilities	$	44.6	$	39.7
(1) Excludes the nine months ended September 27, 2020.

Maturities of financing lease liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2020 (1)	$	2.8	$	0.8
2021	11.3		3.4
2022	9.9		3.4
2023	9.2		3.5
2024	7.1		3.5
Thereafter	12.7		54.9
Total lease payments	53.0		69.5
Less: imputed interest	(8.4)		(29.8)
Total present value of lease liabilities	$	44.6	$	39.7
(1) Excludes the nine months ended September 27, 2020.