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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were summarized as follows:

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 24,

 

 

September 30,

 

 

September 24,

 

(Dollars in millions)

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

$

6.7

 

 

$

4.9

 

 

$

17.7

 

 

$

13.4

 

Short-term lease cost

 

0.1

 

 

 

0.5

 

 

 

1.1

 

 

 

1.4

 

Total lease cost

$

6.8

 

 

$

5.4

 

 

$

18.8

 

 

$

14.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

5.7

 

 

$

5.3

 

 

$

16.8

 

 

$

14.5

 

Weighted-average remaining lease term – operating leases

 

 

 

 

 

 

 

7.2

 

 

 

1.8

 

Weighted-average discount rate – operating leases

 

 

 

 

 

 

 

4.7

%

 

 

5.1

%

Summary of Future Minimum Payments under Operating Leases

Future minimum payments under operating leases as of September 30, 2022 were summarized as follows:

 

(In millions)

 

Operating Leases

 

2022 remaining

 

$

5.4

 

2023

 

 

19.9

 

2024

 

 

16.6

 

2025

 

 

12.4

 

2026

 

 

10.1

 

Thereafter

 

 

35.4

 

Total minimum lease payments

 

 

99.8

 

Less: imputed interest

 

 

14.7

 

Lease liability

 

$

85.1