Armstrong Flooring, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

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