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Leases (Tables)
6 Months Ended
Jun. 26, 2020
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were summarized as follows:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 26,

 

 

June 28,

 

 

June 26,

 

 

June 28,

 

(Dollars in millions)

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease cost

$

3.4

 

 

$

3.3

 

 

$

6.6

 

 

$

6.7

 

Short-term lease cost

 

0.3

 

 

 

0.4

 

 

 

0.6

 

 

 

0.6

 

Total lease cost

$

3.7

 

 

$

3.7

 

 

$

7.2

 

 

$

7.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

4.4

 

 

$

3.7

 

 

$

8.8

 

 

$

3.7

 

Weighted-average remaining lease term – operating leases

 

 

 

 

 

 

 

 

 

2.2

 

 

 

2.3

 

Weighted-average discount rate – operating leases

 

 

 

 

 

 

 

 

 

5.5

%

 

 

7.0

%

 

Summary of Future Minimum Payments under Operating Leases

Future minimum payments under operating leases as of June 26, 2020 were summarized as follows:

 

(In millions)

 

Operating Leases

 

2020 remaining

 

$

7.3

 

2021

 

 

12.0

 

2022

 

 

10.0

 

2023

 

 

7.1

 

2024

 

 

5.0

 

Thereafter

 

 

11.3

 

Total minimum lease payments

 

 

52.7

 

Less: imputed interest

 

 

7.2

 

Lease liability

 

$

45.5