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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Components of Lease Expense

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

(in millions):

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating Lease Cost

$

3.1

 

 

$

3.0

 

 

$

6.3

 

 

$

6.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Lease Cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

0.3

 

 

 

0.4

 

 

 

0.6

 

 

 

0.9

 

Interest on lease liabilities

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

Total finance lease cost

$

0.4

 

 

$

0.5

 

 

$

0.7

 

 

$

1.0

 

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 (in millions):

 

June 30,

 

 

December 31,

 

 

June 30,

 

 

2020

 

 

2019

 

 

2019

 

Operating Leases:

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

$

38.6

 

 

$

40.9

 

 

$

34.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Current maturities of operating lease right-of-use assets

 

9.8

 

 

 

9.7

 

 

 

9.2

 

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

 

29.0

 

 

 

31.6

 

 

 

25.5

 

Total operating lease liabilities

$

38.8

 

 

$

41.3

 

 

$

34.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases:

 

 

 

 

 

 

 

 

 

 

 

Gross property, plant and equipment

$

10.8

 

 

$

10.6

 

 

$

9.8

 

Accumulated depreciation

 

(5.7

)

 

 

(5.2

)

 

 

(4.6

)

Property, plant and equipment, net

$

5.1

 

 

$

5.4

 

 

$

5.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Current maturities of long-term lease liabilities

$

1.4

 

 

$

1.4

 

 

$

1.4

 

Long-term lease liabilities, less current maturities

 

2.3

 

 

 

2.8

 

 

 

2.8

 

Total finance lease liabilities

$

3.7

 

 

$

4.2

 

 

$

4.2

 

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 (in millions):

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating cash used for operating leases

$

3.2

 

 

$

3.0

 

 

$

6.5

 

 

$

6.1

 

Operating cash used for finance leases

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

Financing cash used for finance leases

 

0.3

 

 

 

0.4

 

 

 

0.7

 

 

 

0.9

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities are as follows (in millions):

 

Finance

Leases

 

 

Operating

Leases

 

2020 (1)

$

0.8

 

 

$

6.1

 

2021

 

1.5

 

 

 

10.7

 

2022

 

1.1

 

 

 

8.5

 

2023

 

0.6

 

 

 

7.0

 

2024

 

0.1

 

 

 

4.3

 

Thereafter

 

 

 

 

9.0

 

Total lease payments

$

4.1

 

 

$

45.6

 

Less: imputed interest

 

(0.4

)

 

 

(6.8

)

Total future lease obligation

$

3.7

 

 

$

38.8

 

 

 (1)

This amount excludes the six months ended June 30, 2020.