On January 1, 2019 the Company adopted ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) using the modified retrospective approach for all lease arrangements at the beginning period of adoption. Leases existing for the reporting period beginning January 1, 2019 are presented under ASU 2016-02. We lease property and equipment under finance and operating leases. At March 31, 2019, the Company’s ROU assets and lease liabilities for operating and finance leases totaled approximately $43.8 million and $45.5 million, respectively. Finance lease ROU assets are included in non-current other assets and finance lease liabilities are included in current and non-current other liabilities on the Company’s condensed consolidated balance sheets. The impact of adopting the new lease standard was not material to the Company’s condensed consolidated statement of operations for the periods presented.

	March 31, 2019
Lease cost⁽¹⁾:
Operating lease cost		4.3
Short-term lease cost		0.1
Total lease cost	$	4.4

(1)

Finance lease costs and variable lease costs are immaterial to the Company. The Company does not have lease or sub lease income.

Maturities of Lease Liabilities	Operating Leases		Finance Leases
2019	$	12.5	$	0.1
2020		13.1		0.2
2021		8.0		0.2
2022		6.1		0.1
2023		4.3		—
After 2023		4.8		—
Total lease payments		48.8		0.6
Less interest		3.8		0.1
Present value of lease liabilities	$	45.0	$	0.5

Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	0.0
Operating cash flows from operating leases	$	4.3
Financing cash flows from finance leases	$	0.0
Weighted average remaining lease term - finance leases	3.5
Weighted average remaining lease term - operating leases	4.4
Average discount rate - finance leases		5.50	%
Average discount rate - operating leases		3.43	%

As previously disclosed in our 2018 Annual Report on Form 10-K and under Topic 840, future minimum lease payments for operating leases having initial or remaining noncancelable lease terms in excess of one year would have been as follows:

Year ending December 31:	Operating Leases		Capital Leases
2019	$	15.3	$	0.2
2020		11.2		0.2
2021		7.8		0.2
2022		6.1		0.1
2023		4.4		—
Thereafter		5.1		—
Total lease obligations		49.9		0.7
Less amounts representing interest		—		(0.1	)
Present value of minimum capital lease obligations	$	49.9	$	0.6