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

 

 

Three Months Ended

 

 

March 31,

 

(in millions):

2022

 

 

2021

 

Operating Lease Cost

$

3.1

 

 

$

3.0

 

 

 

 

 

 

 

 

 

Finance Lease Cost:

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

0.3

 

 

 

0.3

 

Interest on lease liabilities

 

 

 

 

0.1

 

Total finance lease cost

$

0.3

 

 

$

0.4

 

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):

 

 

March 31,

 

 

December 31,

 

 

March 31,

 

 

2022

 

 

2021

 

 

2021

 

Operating Leases:

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

$

36.4

 

 

$

38.1

 

 

$

34.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Current maturities of operating lease right-of-use liabilities

 

10.3

 

 

 

10.2

 

 

 

8.9

 

Operating lease right-of-use liabilities, less current

   maturities

 

26.2

 

 

 

27.9

 

 

 

25.5

 

Total operating lease liabilities

$

36.5

 

 

$

38.1

 

 

$

34.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases:

 

 

 

 

 

 

 

 

 

 

 

Gross property, plant and equipment

$

13.8

 

 

$

13.0

 

 

$

11.2

 

Accumulated depreciation

 

(7.7

)

 

 

(7.4

)

 

 

(6.6

)

Property, plant and equipment, net

$

6.1

 

 

$

5.6

 

 

$

4.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Current maturities of long-term lease liabilities

$

1.5

 

 

$

1.4

 

 

$

1.4

 

Long-term lease liabilities, less current maturities

 

2.5

 

 

 

2.2

 

 

 

1.7

 

Total finance lease liabilities

$

4.0

 

 

$

3.6

 

 

$

3.1

 

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

 

 

March 31,

 

 

2022

 

 

2021

 

Operating cash used for operating leases

$

3.1

 

 

$

3.0

 

Operating cash used for finance leases

 

 

 

 

0.1

 

Financing cash used for finance leases

 

0.4

 

 

 

0.4

 

Schedule of Maturities of Lease Liabilities

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

 

Finance

Leases

 

 

Operating

Leases

 

2022 (1)

$

1.2

 

 

$

9.0

 

2023

 

1.3

 

 

 

10.1

 

2024

 

0.8

 

 

 

7.2

 

2025

 

0.6

 

 

 

5.3

 

2026

 

0.4

 

 

 

4.1

 

Thereafter

 

0.1

 

 

 

5.8

 

Total lease payments

$

4.4

 

 

$

41.5

 

Less: imputed interest

 

(0.4

)

 

 

(5.0

)

Total future lease obligation

$

4.0

 

 

$

36.5

 

 

 (1)

This amount excludes the three months ended March 31, 2022.