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Leases
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Leases

13. Leases

 

Supplemental balance sheet information related to leases was as follows:

 

Lease Type

 

Balance Sheet Classification

 

March 31, 2021

 

 

December 31, 2020

 

 

 

 

 

(Dollars in millions)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

Operating lease assets

 

Trade and other receivables, net

 

$

2.8

 

 

$

5.4

 

Operating lease assets

 

Prepaid expenses and other current assets

 

 

2.3

 

 

 

2.2

 

Operating lease assets

 

Right of use lease asset

 

 

35.4

 

 

 

27.9

 

Financing lease assets

 

Property, plant, and equipment, net

 

 

9.2

 

 

 

8.0

 

Total lease assets

 

 

 

$

49.7

 

 

$

43.5

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

 

 

Financing lease liabilities

 

Current portion of long-term debt

 

$

1.3

 

 

$

0.4

 

Operating lease liabilities

 

Current portion of long-term lease liabilities

 

 

14.9

 

 

 

10.5

 

Noncurrent

 

 

 

 

 

 

 

 

 

 

Financing lease liabilities

 

Long-term debt, less current portion

 

 

9.0

 

 

 

8.4

 

Operating lease liabilities

 

Long-term lease liabilities, less current portion

 

 

40.8

 

 

 

33.6

 

Total lease liabilities

 

 

 

$

66.0

 

 

$

52.9

 

 

 

The components of lease expense were as follows:

 

 

 

Three Months

Ended March 31,

 

 

 

2021

 

 

2020

 

Lease Cost

 

(Dollars in millions)

 

Operating lease cost

 

$

1.2

 

 

$

2.3

 

Financing lease cost:

 

 

 

 

 

 

 

 

Depreciation of lease assets

 

 

0.3

 

 

 

0.2

 

Interest on lease liabilities

 

 

0.1

 

 

 

0.1

 

Sublease income

 

 

(0.6

)

 

 

(1.0

)

Total lease cost, net

 

$

1.0

 

 

$

1.6