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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Components of Lease Expense

 

 

 

March 31,

 

 

 

2019

 

Operating Lease Cost

 

$

3.2

 

 

 

 

 

 

Finance Lease Cost:

 

 

 

 

Amortization of right-of-use assets

 

$

0.5

 

Interest on lease liabilities

 

 

0.1

 

Total finance lease cost

 

$

0.6

 

Schedule of Lease Assets and Liabilities Included on Condensed Consolidated Balance Sheet

The following lease assets and liabilities are included on the condensed consolidated balance sheet:

 

 

March 31,

 

 

 

2019

 

Operating Leases:

 

 

 

 

Operating lease right-of-use assets

 

$

35.2

 

 

 

 

 

 

Current maturities of operating lease right-of-use assets

 

 

9.1

 

Operating lease right-of-use liabilities, less current maturities

 

 

26.6

 

Total operating lease liabilities

 

$

35.7

 

 

 

 

 

 

Finance Leases:

 

 

 

 

Gross property, plant and equipment

 

$

9.7

 

Accumulated depreciation

 

 

(4.3

)

Property, plant and equipment, net

 

$

5.4

 

 

 

 

 

 

Current maturities of long-term debt

 

$

1.4

 

Long-term debt, less current maturities

 

 

3.1

 

Total finance lease liabilities

 

$

4.5

 

Schedule of Cash Flow items are Included on the Condensed Consolidated Statement of Cash Flows

The following cash flow items are included on the condensed consolidated statement of cash flows:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

Operating cash used for operating leases

 

$

(3.1

)

Operating cash used for finance leases

 

 

(0.1

)

Financing cash used for finance leases

 

 

(0.4

)

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities are as follows:

 

 

Finance

leases

 

 

Operating

leases

 

2019(1)

 

 

1.3

 

 

 

8.2

 

2020

 

 

1.4

 

 

 

8.8

 

2021

 

 

1.2

 

 

 

7.1

 

2022

 

 

0.9

 

 

 

5.0

 

2023

 

 

0.5

 

 

 

4.1

 

Thereafter

 

 

 

 

 

8.7

 

Total lease payments

 

$

5.3

 

 

$

41.9

 

Less: imputed interest

 

 

(0.8

)

 

 

(6.2

)

Total future lease obligation

 

$

4.5

 

 

$

35.7

 

 

 (1)

This amount excludes the three-months ended March 31, 2019

Schedule of Future Minimum Lease Payments under Non-cancelable Rental and Lease Agreements Future minimum lease payments under non-cancelable rental and lease agreements with initial or remaining terms in excess of one year were as follows at December 31, 2018:

 

 

 

Operating

 

 

 

Leases

 

2019

 

 

11.5

 

2020

 

 

8.8

 

2021

 

 

7.0

 

2022

 

 

4.8

 

2023

 

 

3.9

 

Thereafter

 

 

8.0

 

Total minimum lease payments

 

$

44.0