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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Lease Costs

The following table presents our lease costs:

 

 

 

2021

 

 

2020

 

 

2019

 

Operating lease cost

 

$

6.4

 

 

$

5.6

 

 

$

6.8

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

$

2.4

 

 

$

2.0

 

 

$

-

 

Interest on lease liabilities

 

 

0.7

 

 

 

0.6

 

 

 

-

 

Total finance lease cost

 

$

3.1

 

 

$

2.6

 

 

$

-

 

Summary of Supplemental Cash Flow Information Related To Leases

The following table presents supplemental cash flow information related to our leases:

 

 

 

2021

 

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

6.3

 

 

$

5.4

 

 

$

6.8

 

Operating cash flows from finance leases

 

 

0.7

 

 

 

0.6

 

 

 

-

 

Financing cash flows from finance leases

 

 

2.1

 

 

 

1.8

 

 

 

-

 

ROU assets obtained in exchange for lease liabilities

 

 

 

 

 

 

 

 

 

Operating leases (1)

 

$

7.3

 

 

$

5.4

 

 

$

41.6

 

Finance leases

 

 

0.3

 

 

 

2.6

 

 

 

-

 

(1)
The years ended December 31, 2021 and 2020 include increases in ROU assets of $3.2 million and $0.4 million, respectively, resulting from modifications that did not involve obtaining a new ROU asset. Modifications resulted from changes in the terms of existing leases. The year ended December 31, 2019 includes initial ROU assets of $29.2 million recognized upon adoption of FASB ASC 842 - Leases on January 1, 2019.
Schedule of Weighted Average Assumptions Used To Compute Right To Use Assets

The following table presents the weighted average assumptions used to compute our ROU assets and lease liabilities:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Weighted average remaining lease term (in years)

 

 

 

 

 

 

Operating leases

 

5.4

 

 

6.5

 

Finance leases

 

 

9.9

 

 

 

10.7

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

3.4

%

 

 

4.0

%

Finance leases

 

 

3.6

%

 

 

3.6

%

Schedule of Undiscounted Future Minimum Payments

Undiscounted future minimum lease payments as of December 31, 2021, by year and in the aggregate, having non-cancelable lease terms in excess of one year are as follows:

 

 

 

Operating Leases

 

 

Finance Leases

 

Maturity of lease liabilities

 

 

 

 

 

 

2022

 

$

6.2

 

 

$

2.9

 

2023

 

 

5.5

 

 

 

2.8

 

2024

 

 

4.0

 

 

 

2.6

 

2025

 

 

2.0

 

 

 

2.3

 

2026

 

 

1.2

 

 

 

2.5

 

Thereafter

 

 

4.8

 

 

 

10.0

 

Total lease payments

 

 

23.7

 

 

 

23.1

 

Less interest

 

 

(2.5

)

 

 

(4.1

)

Present value of lease liabilities

 

$

21.2

 

 

$

19.0