XML 15 R31.htm IDEA: XBRL DOCUMENT v3.20.1
Leases (Tables)
3 Months Ended
Mar. 27, 2020
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were summarized as follows:

 

 

Three Months Ended

 

 

March 27,

 

 

March 29,

 

(Dollars in millions)

2020

 

 

2019

 

Operating lease cost

$

3.2

 

 

$

3.4

 

Short-term lease cost

 

0.3

 

 

 

0.2

 

Total lease cost

$

3.5

 

 

$

3.6

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

4.4

 

 

$

3.4

 

Weighted-average remaining lease term – operating leases

 

2.3

 

 

 

2.9

 

Weighted-average discount rate – operating leases

 

5.5

%

 

 

7.0

%

 

Summary of Future Annual Minimum Lease Payments and Capital Lease Commitment

Future annual minimum lease payments and capital lease commitments as of March 27, 2020 were summarized as follows:

 

(In millions)

 

Operating Leases

 

2020 remaining

 

$

11.5

 

2021

 

 

11.8

 

2022

 

 

9.8

 

2023

 

 

5.1

 

2024

 

 

3.1

 

Thereafter

 

 

6.3

 

Total minimum lease payments

 

 

47.6

 

Less: imputed interest

 

 

5.4

 

Lease liability

 

$

42.2