Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Leases [Abstract]    
Components of Lease Expense
The following table summarizes components of lease expense:

 
 
Year Ended
 
 
December 31, 2019
Finance lease cost
 
 
   Amortization of right-of-use asset
 
$
0.3

Operating lease cost
 
4.1

Short-term lease cost
 
1.4

Sublease income
 
(1.4
)
Total lease cost
 
$
4.4



 
Supplemental Balance Sheet Information Related to Leases
The following table summarizes supplemental balance sheet information related to leases:

 
Balance Sheet Classification
December 31, 2019
Assets
 
 
Operating lease assets
Operating lease assets
$
6.0

Finance lease assets
Property, plant and equipment, less accumulated depreciation
0.6

Total lease assets
 
$
6.6

 
 
 
Liabilities
 
 
Current
 
 
    Operating
Accounts payable and accrued expenses
$
3.3

    Finance
Current installments of long-term debt
0.2

Noncurrent
 
 
    Operating
Noncurrent operating lease liabilities
2.7

    Finance
Long-term debt
0.3

Total lease liabilities
 
$
6.5


 
Supplemental Cash Flow Information Related to Leases
The following table summarizes supplemental cash flow information related to leases:

 
 
Year Ended
 
 
December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
 
 
Operating cash flows from operating leases
 
$
4.1

Financing cash flows from finance leases
 
$
0.3



 
Summarized Weighted Average Remaining Lease Term and Weighted Average Discount Rate
The following table summarized weighted average remaining lease term and weighted average discount rate:

 
 
December 31, 2019
 
 
Weighted Average
 
 
Remaining Lease Term (Years)
 
Discount Rate
 
 
 
 
 
Operating leases
 
3.5
 
6.0
%
Finance leases
 
3.2
 
5.4
%

 
Schedule of Future Minimum Rental Payments for Operating Leases
The following table provides future minimum payments at December 31, 2019, by year and in the aggregate, for leases having non-cancelable lease terms in excess of one year:

 
 
Operating Leases
Finance Leases
2020
 
$
3.6

$
0.3

2021
 
1.3

0.2

2022
 
0.3

0.1

2023
 
0.2


2024
 
0.2


Thereafter
 
1.1


Total
 
$
6.7

$
0.6



The following table provides reconciliation of future minimum lease payments and lease liability:

 
 
December 31, 2019
 
 
Operating Leases
Finance Leases
Future minimum lease payments
 
$
6.7

$
0.6

  Less: Unamortized interest
 
0.7

0.1

Total lease liability
 
$
6.0

$
0.5


Schedule of Future Minimum Rental Payments for Finance Leases
The following table provides future minimum payments at December 31, 2019, by year and in the aggregate, for leases having non-cancelable lease terms in excess of one year:

 
 
Operating Leases
Finance Leases
2020
 
$
3.6

$
0.3

2021
 
1.3

0.2

2022
 
0.3

0.1

2023
 
0.2


2024
 
0.2


Thereafter
 
1.1


Total
 
$
6.7

$
0.6



The following table provides reconciliation of future minimum lease payments and lease liability:

 
 
December 31, 2019
 
 
Operating Leases
Finance Leases
Future minimum lease payments
 
$
6.7

$
0.6

  Less: Unamortized interest
 
0.7

0.1

Total lease liability
 
$
6.0

$
0.5


Schedule of Future Minimum Rental Payments for Operating Leases
The following table provides future minimum payments having non-cancelable lease terms in effect at December 31, 2018 under the previous lease standard, ASC 840:

 
 
Total Minimum Lease Payments
Scheduled minimum lease payments
 
 
2019
 
$
10.0

2020
 
7.1

2021
 
2.0

2022
 
0.3

2023
 
0.2

Thereafter
 
0.8

Total
 
$
20.4