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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Components of Lease Expense

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

(in millions):

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating Lease Cost

$

3.0

 

 

$

3.0

 

 

$

8.9

 

 

$

9.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Lease Cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

0.3

 

 

 

0.3

 

 

 

1.0

 

 

 

1.0

 

Interest on lease liabilities

 

0.1

 

 

 

 

 

 

0.1

 

 

 

0.1

 

Total finance lease cost

$

0.4

 

 

$

0.3

 

 

$

1.1

 

 

$

1.1

 

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):

 

 

September 30,

 

 

December 31,

 

 

September 30,

 

 

2021

 

 

2020

 

 

2020

 

Operating Leases:

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

$

38.9

 

 

$

33.9

 

 

$

36.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Current maturities of operating lease right-of-use assets

 

10.0

 

 

 

9.1

 

 

 

9.6

 

Operating lease right-of-use liabilities, less current

   maturities

 

28.9

 

 

 

24.9

 

 

 

27.0

 

Total operating lease liabilities

$

38.9

 

 

$

34.0

 

 

$

36.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases:

 

 

 

 

 

 

 

 

 

 

 

Gross property, plant and equipment

$

12.5

 

 

$

11.1

 

 

$

11.1

 

Accumulated depreciation

 

(7.1

)

 

 

(6.3

)

 

 

(6.0

)

Property, plant and equipment, net

$

5.4

 

 

$

4.8

 

 

$

5.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Current maturities of long-term lease liabilities

$

1.4

 

 

$

1.4

 

 

$

1.5

 

Long-term lease liabilities, less current maturities

 

2.2

 

 

 

1.9

 

 

 

2.2

 

Total finance lease liabilities

$

3.6

 

 

$

3.3

 

 

$

3.7

 

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

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating cash used for operating leases

$

3.0

 

 

$

3.1

 

 

$

9.1

 

 

$

9.6

 

Operating cash used for finance leases

 

0.1

 

 

 

 

 

 

0.1

 

 

 

0.1

 

Financing cash used for finance leases

 

0.4

 

 

 

0.4

 

 

 

1.2

 

 

 

1.1

 

Schedule of Maturities of Lease Liabilities

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

Finance

Leases

 

 

Operating

Leases

 

2021 (1)

$

0.4

 

 

$

3.0

 

2022

 

1.5

 

 

 

11.6

 

2023

 

1.1

 

 

 

9.6

 

2024

 

0.6

 

 

 

6.7

 

2025

 

0.3

 

 

 

4.8

 

Thereafter

 

0.1

 

 

 

8.8

 

Total lease payments

$

4.0

 

 

$

44.5

 

Less: imputed interest

 

(0.4

)

 

 

(5.6

)

Total future lease obligation

$

3.6

 

 

$

38.9

 

 

 (1)

This amount excludes the nine months ended September 30, 2021.