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Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases

13. Leases

 

Supplemental balance sheet information related to leases was as follows:

 

Lease Type

 

Balance Sheet Classification

 

June 30, 2022

 

 

December 31, 2021

 

 

 

 

 

(Dollars in millions)

 

ASSETS

 

 

 

 

 

 

 

 

Operating lease assets

 

Trade and other receivables, net

 

$

0.2

 

 

$

0.2

 

Operating lease assets

 

Prepaid expenses and other current assets

 

 

3.1

 

 

 

3.4

 

Operating lease assets

 

Right of use lease asset

 

 

30.7

 

 

 

29.4

 

Financing lease assets

 

Property, plant, and equipment, net

 

 

7.6

 

 

 

8.3

 

Total lease assets

 

 

 

$

41.6

 

 

$

41.3

 

LIABILITIES

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

Financing lease liabilities

 

Current portion of long-term debt

 

$

1.5

 

 

$

1.5

 

Operating lease liabilities

 

Current portion of long-term lease liabilities

 

 

11.6

 

 

 

11.3

 

Noncurrent

 

 

 

 

 

 

 

 

Financing lease liabilities

 

Long-term debt, less current portion

 

 

7.5

 

 

 

8.1

 

Operating lease liabilities

 

Long-term lease liabilities, less current portion

 

 

30.9

 

 

 

32.7

 

Total lease liabilities

 

 

 

$

51.5

 

 

$

53.6

 

 

The components of lease expense were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Lease Cost

 

(Dollars in millions)

 

Operating lease cost

 

$

2.4

 

 

$

1.4

 

 

$

4.9

 

 

$

2.6

 

Financing lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation of lease assets

 

 

0.4

 

 

 

0.3

 

 

 

0.7

 

 

 

0.7

 

Interest on lease liabilities

 

 

0.1

 

 

 

0.1

 

 

 

0.2

 

 

 

0.1

 

Sublease income

 

 

(0.1

)

 

 

(0.7

)

 

 

(0.2

)

 

 

(1.3

)

Total lease cost, net

 

$

2.8

 

 

$

1.1

 

 

$

5.6

 

 

$

2.1