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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of lease cost
The components of lease expense were as follows (in millions):
 
    
2021
    
2020
 
 
 
2019
 
Amortization of
right-of-use
assets
   $ 1.5      $ 0.7  
 
$
 
0.3
 
Interest on lease liabilities
     0.1        0.1  
 
 
—  
 
    
 
 
    
 
 
 
 
 
 
 
Total finance lease cost
     1.6        0.8  
 
 
0.3
 
Operating lease cost
     24.0        23.3  
 
 
24.9
 
Short term lease cost
     4.2        3.9  
 
 
2.2
 
Variable lease cost
     3.0        3.4  
 
 
3.5
 
Sublease income
     (2.0      (1.9
 
 
(1.2
)
 
    
 
 
    
 
 
 
 
 
 
 
Total lease cost
   $ 30.8      $ 29.5  
 
$
29.7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of supplemental balance sheet information
Supplemental balance sheet information related to leases was as follows (dollars in millions):
 
    
December 31,
 
    
2021
    
2020
 
Operating leases
                 
Operating lease assets, net
   $ 59.9      $ 67.4  
Other current liabilities
     17.9        21.3  
Operating lease liability—long term
     41.8        47.0  
 
 
  
December 31,
 
 
  
2021
 
 
2020
 
 
2019
 
Weighted average remaining lease term
  
 
5.1 years
 
 
 
5.2 years
 
 
 
5.0 years
 
Weighted average discount rate
  
 
1.6
 
 
1.9
 
 
2.3
 
 
  
December 31,
 
 
  
2021
 
  
2020
 
Finance leases
  
     
  
     
Property, plant and equipment, net
  
$
4.6
 
  
$
3.7
 
Current portion of long-term debt
  
 
1.7
 
  
 
0.8
 
Long-term debt
  
 
2.6
 
  
 
2.6
 
 
 
  
December 31,
 
 
  
2021
 
 
2020
 
 
2019
 
Weighted average remaining lease term
  
 
2.9 years
 
 
 
3.3 years
 
 
 
3.7 years
 
Weighted average discount rate
  
 
1.6
 
 
2.2
 
 
3.0
Schedule of cash flow information
Supplemental cash flow information related to leases was as follows (in millions):
 
 
  
2021
 
  
2020
 
  
2019
 
Cash paid for amounts included in the measurement of lease liabilities
  
     
  
     
  
     
Operating cash flows from finance leases
   $ 0.1      $ 0.1  
 
$
 
 
 
Operating cash flows from operating leases
     21.2        24.0  
 
 
 27.1
 
Financing cash flows from finance leases
     1.6        0.9  
 
 
 0.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Right-of-use
assets obtained in exchange for lease liabilities
                 
 
 
 
 
Operating leases
   $ 21.2      $ 24.3  
 
 
 
 
Finance leases
     2.7        2.6  
 
 
 
 
Schedule of future minimum lease payments under non-cancellable operating leases
Future lease payments under operating leases and finance leases as follows (in millions):
 
    
Operating Leases
    
Finance Leases
 
Twelve months ending December 31:
                 
2022
   $ 18.7      $ 1.7  
2023
     13.9        1.4  
2024
     9.1        0.9  
2025
     6.9        0.3  
2026
     5.3        0.1  
Thereafter
     8.1        —    
    
 
 
    
 
 
 
Total undiscounted lease payments
     62.0        4.4  
Less: imputed interest
     (2.3      (0.1
    
 
 
    
 
 
 
Total lease liabilities
   $ 59.7      $ 4.3