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Leases (Tables)
3 Months Ended
Mar. 26, 2021
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were summarized as follows:

 

Three Months Ended

 

 

March 26,

 

 

March 27,

 

(Dollars in millions)

2021

 

 

2020

 

Operating lease cost

$

3.7

 

 

$

3.2

 

Short-term lease cost

 

0.4

 

 

 

0.3

 

Total lease cost

$

4.1

 

 

$

3.5

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

3.7

 

 

$

4.4

 

Weighted-average remaining lease term – operating leases

 

2.4

 

 

 

2.3

 

Weighted-average discount rate – operating leases

 

5.5

%

 

 

5.5

%

 

Summary of Future Minimum Payments under Operating Leases

Future minimum payments under operating leases as of March 26, 2021 were summarized as follows:

 

(In millions)

 

Operating Leases

 

2021 remaining

 

$

10.5

 

2022

 

 

12.3

 

2023

 

 

9.5

 

2024

 

 

7.1

 

2025

 

 

4.9

 

Thereafter

 

 

8.8

 

Total minimum lease payments

 

 

53.1

 

Less: imputed interest

 

 

6.8

 

Lease liability

 

$

46.3