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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Components of Lease Expense (Includes Related Party Leases)

The components of lease expense (including related party leases) were as follows (amounts in millions):

 

Three Months Ended March 31,

 

 

2022

 

 

2021

 

Operating lease expense

$

6.0

 

 

$

5.8

 

Short-term lease expense

 

1.0

 

 

 

1.7

 

Low-value lease expense

 

 

 

 

0.2

 

Variable lease expense

 

1.2

 

 

 

 

Finance lease expense:

 

 

 

 

 

Amortization of right-of-use assets

 

0.8

 

 

 

0.2

 

Interest on lease liabilities

 

0.2

 

 

 

0.1

 

Total lease expense

$

9.2

 

 

$

8.0

 

 

Schedule of Other Information Related to Leases

Other information related to leases is presented in the table below (amounts in millions unless otherwise noted):

Supplemental Cash Flows Information

Three Months Ended March 31,

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

Operating cash flows for operating leases

$

5.8

 

 

$

5.6

 

Operating cash flows for finance leases

 

0.2

 

 

 

0.1

 

Financing cash flows for finance leases

 

0.7

 

 

 

0.2

 

Non-cash right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

Operating leases

 

3.8

 

 

 

5.1

 

Finance leases

 

1.5

 

 

 

4.5

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term (in years):

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

7.3

 

 

 

7.1

 

Finance leases

 

4.7

 

 

 

4.6

 

 

 

 

 

 

 

Weighted Average Discount Rate (in %):

 

 

 

 

 

Operating leases

 

6.6

 

 

 

6.2

 

Finance leases

 

5.6

 

 

 

5.5

 

Schedule of Minimum Future Lease Payments under Non-cancellable Operating and Finance Leases

Minimum future lease payments under non-cancellable operating and finance leases described above as of March 31, 2022 were as follows (amounts in millions):

Years

 

Operating Leases

 

 

Finance Leases

 

Remainder of 2022

 

$

16.9

 

 

$

2.5

 

2023

 

 

21.2

 

 

 

3.0

 

2024

 

 

19.9

 

 

 

2.9

 

2025

 

 

16.9

 

 

 

2.7

 

2026

 

 

14.3

 

 

 

2.0

 

Thereafter

 

 

45.2

 

 

 

0.9

 

Total future minimum lease payments

 

$

134.4

 

 

$

14.0

 

Less: imputed interest

 

 

(29.7

)

 

 

(1.6

)

Total

 

$

104.7

 

 

$

12.4

 

 

 

 

 

 

 

 

Amounts recognized in the Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021

 

March 31, 2022

 

 

December 31, 2021

 

Current portion of long-term debt

 

$

2.7

 

 

$

2.6

 

Current operating lease liabilities

 

 

16.4

 

 

 

16.2

 

Finance lease obligations, net of current portion

 

 

9.7

 

 

 

9.0

 

Long-term operating lease liabilities, net of current portion

 

 

88.3

 

 

 

88.4

 

 

 

$

117.1

 

 

$

116.2