Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.2
Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Components of Lease Expense
The following table summarizes components of lease expense:
 
 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
Finance lease cost
 
 
 
 
   Amortization of right-of-use asset
 
$
0.1

 
$
0.2

Operating lease cost
 
1.1

 
2.1

Short-term lease cost
 
0.1

 
0.6

Sublease income
 
(1.1
)
 
(1.4
)
Total lease cost
 
$
0.2

 
$
1.5


Lease Supplemental Balance Sheet Information
The following table summarizes supplemental balance sheet information related to leases:
 
 
Balance Sheet Classification
 
June 30, 2019
Assets
 
 
 
 
Operating lease assets
 
Operating lease assets
 
$
7.5

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

Total lease assets
 
 
 
$
8.1

 
 
 
 
 
Liabilities
 
 
 
 
Current
 
 
 
 
      Operating
 
Accounts payable and accrued expenses
 
$
3.7

      Finance
 
Current installments of long-term debt
 
0.3

Noncurrent
 
 
 
 
      Operating
 
Noncurrent operating lease liabilities
 
3.9

      Finance
 
Long-term debt
 
0.3

Total lease liabilities
 
 
 
$
8.2


Lease Supplements Cash Flow Information
The following table summarizes supplemental cash flow information related to leases:
 
 
Six Months Ended June 30,
 
 
2019
Cash paid for amounts included in the measurement of lease liabilities
 
 
   Operating cash flows from operating leases
 
$
1.1

   Financing cash flows from finance leases
 
0.1


Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate
The following table summarizes weighted average remaining lease term and weighted average discount rate:
 
 
June 30, 2019
 
 
Weighted Average
 
 
Remaining Lease Term (Years)
 
Discount Rate
 
 
 
 
 
Operating leases
 
3.0
 
5.8
%
Finance leases
 
2.7
 
5.4
%


Schedule of Future Minimum Payments for Operating Leases
The following table provides future minimum payments at June 30, 2019 by year and in the aggregate, having non-cancelable lease terms in excess of one year.
 
 
Operating Leases
 
Finance Leases
2019 (Remaining)
 
$
2.2

 
$
0.2

2020
 
3.6

 
0.2

2021
 
1.2

 
0.1

2022
 
0.3

 
0.1

2023
 
0.3

 

Thereafter
 
1.2

 

Total
 
$
8.8

 
$
0.6


Schedule of Future Minimum Payments for Finance Leases
The following table provides future minimum payments at June 30, 2019 by year and in the aggregate, having non-cancelable lease terms in excess of one year.
 
 
Operating Leases
 
Finance Leases
2019 (Remaining)
 
$
2.2

 
$
0.2

2020
 
3.6

 
0.2

2021
 
1.2

 
0.1

2022
 
0.3

 
0.1

2023
 
0.3

 

Thereafter
 
1.2

 

Total
 
$
8.8

 
$
0.6


Reconciliation of future minimum lease payments and lease liabilities [Table Text Block]
The following table provides reconciliation of future minimum lease payment and lease liability:
 
June 30, 2019
 
Operating Leases
 
Finance Leases
Future minimum lease payments
$
8.8

 
$
0.6

  Less: Unamortized interest
1.2

 

Total lease liability
$
7.6

 
$
0.6