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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Operating Lease Cost and Supplemental Cash Flow Information Related to Operating Leases

The following tables present our operating lease cost and supplemental cash flow information related to our operating leases:

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
Operating lease cost	$	1.7	$	3.3

	Six Months Ended
	June 30, 2019
ROU assets obtained in exchange for lease obligations ⁽¹⁾		35.6

(1)

Includes initial ROU assets of $29.2 million recognized upon adoption on January 1, 2019.

We do not believe the amount of cash paid for amounts included in the measurement of lease liabilities to be materially different from our operating lease cost for the six months ended June 30, 2019.

Summary of Supplemental Balance Sheet Information Related to Operating Leases

The following table presents supplemental balance sheet information related to our operating leases:

	Balance Sheet Classification	June 30, 2019
ROU assets	Lease right-of-use assets	$	30.3
Current lease liabilities	Accounts payable and accrued expenses	5.1
Non-current lease liabilities	Lease non-current liabilities	25.2

Schedule of Weighted Average Assumptions Used To Compute Right To Use Assets

The following table presents the weighted average assumptions used to compute our ROU assets and lease liabilities:

	June 30, 2019
Weighted average remaining lease term (in years)	8.3
Weighted average discount rate		4.9	%

Schedule of Undiscounted Future Minimum Payments

Undiscounted future minimum lease payments as of June 30, 2019, by year and in the aggregate, having non-cancelable lease terms in excess of one year are as follows:

	Maturities of Lease Liabilities
2019 ⁽¹⁾	$	3.2
2020		6.1
2021		5.2
2022		4.4
2023		3.9
Thereafter		14.4
Total lease payments		37.2
Less interest		(6.9	)
Present value of lease liabilities	$	30.3

(1)

Scheduled maturities of lease liabilities represents the time period of July 1, 2019 to December 31, 2019.

Schedule of Future Minimum Payments

Future minimum lease payments as of December 31, 2018, by year and in the aggregate, having non-cancelable lease terms in excess of one year were expected to be as follows:

	Total Minimum Lease Payments
2019	$	5.3
2020		4.7
2021		4.2
2022		3.7
2023		2.2
Thereafter		4.7
Total	$	24.8