Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Leases

The Company's accounting policy for leases, including the elections made as part of the adoption of ASC 842 effective January 1, 2019, are outlined in Note 8 of the Company's 2019 Form 10-K. The components of lease costs are as follows (in millions):

	Three Months Ended March 31,
	2020		2019
Operating lease cost	$	4.9	$	4.6
Finance lease cost:
Amortization of right-of-use assets	0.2		0.2
Interest on lease liabilities	0.1		0.1
Sublease income	(0.6)		(0.6)
Total lease cost	$	4.6	$	4.3

Supplemental cash flow information related to leases are as follows (in millions):

	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	4.9	$	4.5
Operating cash flows for finance leases	0.1		0.1
Financing cash flows for finance leases	0.6		0.2
ROU assets obtained in exchange for lease obligations:
Operating leases	1.7		0.2
Finance leases	—		0.5

The Company presents all non-cash transactions related to adjustments to the lease liability or right-of-use asset as non-cash transactions. This includes all non-cash charges related to any modification or reassessment events triggering remeasurement.

Supplemental balance sheet information related to leases are as follows (in millions):

	March 31, 2020		December 31, 2019
Weighted average remaining lease term:
Operating leases	7 years		8 years
Finance leases	2 years		2 years
Weighted average incremental borrowing rate:
Operating leases	8.81	%	8.84	%
Finance leases	6.51	%	6.45	%

Maturities of lease liabilities as of March 31, 2020 are as follows (in millions):

	Operating Leases		Finance Leases
Remainder of 2020	$	15.4	$	0.2
2021	18.2		0.5
2022	15.9		0.1
2023	15.0		0.1
2024	14.7		—
2025	14.6		—
Thereafter	33.6		—
Total	127.4		0.9
Less:
Imputed interest	35.7		0.1
Present value of lease liabilities	$	91.7	$	0.8

Leases

Leases

The Company's accounting policy for leases, including the elections made as part of the adoption of ASC 842 effective January 1, 2019, are outlined in Note 8 of the Company's 2019 Form 10-K. The components of lease costs are as follows (in millions):

	Three Months Ended March 31,
	2020		2019
Operating lease cost	$	4.9	$	4.6
Finance lease cost:
Amortization of right-of-use assets	0.2		0.2
Interest on lease liabilities	0.1		0.1
Sublease income	(0.6)		(0.6)
Total lease cost	$	4.6	$	4.3

Supplemental cash flow information related to leases are as follows (in millions):

	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	4.9	$	4.5
Operating cash flows for finance leases	0.1		0.1
Financing cash flows for finance leases	0.6		0.2
ROU assets obtained in exchange for lease obligations:
Operating leases	1.7		0.2
Finance leases	—		0.5

The Company presents all non-cash transactions related to adjustments to the lease liability or right-of-use asset as non-cash transactions. This includes all non-cash charges related to any modification or reassessment events triggering remeasurement.

Supplemental balance sheet information related to leases are as follows (in millions):

	March 31, 2020		December 31, 2019
Weighted average remaining lease term:
Operating leases	7 years		8 years
Finance leases	2 years		2 years
Weighted average incremental borrowing rate:
Operating leases	8.81	%	8.84	%
Finance leases	6.51	%	6.45	%

Maturities of lease liabilities as of March 31, 2020 are as follows (in millions):

	Operating Leases		Finance Leases
Remainder of 2020	$	15.4	$	0.2
2021	18.2		0.5
2022	15.9		0.1
2023	15.0		0.1
2024	14.7		—
2025	14.6		—
Thereafter	33.6		—
Total	127.4		0.9
Less:
Imputed interest	35.7		0.1
Present value of lease liabilities	$	91.7	$	0.8