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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Operating Lease Cost and Supplemental Cash Flow Information Related to Operating Leases

The following tables present our operating lease cost and supplemental cash flow information related to our operating leases:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease cost

 

$

1.8

 

 

$

1.7

 

 

$

3.5

 

 

$

3.3

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

 

 

 

June 30,

 

 

 

 

 

 

 

2020

 

 

2019 (1)

 

ROU assets obtained in exchange for lease obligations

 

 

 

 

 

$

1.1

 

 

$

35.6

 

 

 

(1)

Includes initial ROU assets of $29.2 million recognized upon adoption on January 1, 2019.

Summary of Supplemental Balance Sheet Information Related to Operating Leases

The following table presents supplemental balance sheet information related to our operating leases:

 

 

 

Balance Sheet Classification

 

June 30, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

ROU assets

 

Other non-current assets

 

$

34.3

 

 

$

35.3

 

Current portion of lease liabilities

 

Accounts payable and accrued expenses

 

 

5.5

 

 

 

5.2

 

Non-current lease liabilities

 

Other long-term liabilities

 

 

28.8

 

 

 

30.1

 

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:

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Weighted average remaining lease term (in years)

 

8.2

 

 

8.6

 

Weighted average discount rate

 

 

4.4

%

 

 

4.4

%

 

Schedule of Undiscounted Future Minimum Payments

Undiscounted future minimum lease payments as of June 30, 2020, by year and in the aggregate, having non-cancelable lease terms in excess of one year are as follows:

 

 

 

Maturities of

Lease Liabilities

 

2020 (1)

 

$

3.5

 

2021

 

 

6.4

 

2022

 

 

5.5

 

2023

 

 

4.6

 

2024

 

 

3.8

 

Thereafter

 

 

17.5

 

Total lease payments

 

 

41.3

 

Less interest

 

 

(7.0

)

Present value of lease liabilities

 

$

34.3

 

 

 

(1)

Scheduled maturities of lease liabilities represent the time period of July 1, 2020 to December 31, 2020.