Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Components of Lease Expense
The following table summarizes components of lease expense:
 
 
Three Months Ended September 30, 2019
 
Nine Months Ended September 30, 2019
Finance lease cost
 
 
 
 
   Amortization of right-of-use asset
 
$

 
$
0.2

Operating lease cost
 
1.0

 
3.1

Short-term lease cost
 
0.4

 
1.0

Sublease income
 
(0.1
)
 
(1.5
)
Total lease cost
 
$
1.3

 
$
2.8


Lease Supplemental Balance Sheet Information
The following table summarizes supplemental balance sheet information related to leases:
 
 
Balance Sheet Classification
 
September 30, 2019
Assets
 
 
 
 
Operating lease assets
 
Operating lease assets
 
$
6.9

Finance lease assets
 
Property, plant and equipment, less accumulated depreciation
 
0.5

Total lease assets
 
 
 
$
7.4

 
 
 
 
 
Liabilities
 
 
 
 
Current
 
 
 
 
      Operating
 
Accounts payable and accrued expenses
 
$
3.6

      Finance
 
Current installments of long-term debt
 
0.2

Noncurrent
 
 
 
 
      Operating
 
Noncurrent operating lease liabilities
 
3.3

      Finance
 
Long-term debt
 
0.3

Total lease liabilities
 
 
 
$
7.4


Lease Supplements Cash Flow Information
The following table summarizes supplemental cash flow information related to leases:
 
 
Nine Months Ended September 30,
 
 
2019
Cash paid for amounts included in the measurement of lease liabilities
 
 
   Operating cash flows from operating leases
 
$
3.1

   Financing cash flows from finance leases
 
$
0.2


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:
 
 
September 30, 2019
 
 
Weighted Average
 
 
Remaining Lease Term (Years)
 
Discount Rate
 
 
 
 
 
Operating leases
 
3.4
 
5.8
%
Finance leases
 
2.7
 
5.4
%

Schedule of Future Minimum Payments for Operating Leases
The following table provides future minimum payments at September 30, 2019, by year and in the aggregate, for leases having non-cancelable lease terms in excess of one year:
 
 
Operating Leases
 
Finance Leases
2019 (Remaining)
 
$
1.1

 
$
0.1

2020
 
3.6

 
0.2

2021
 
1.2

 
0.1

2022
 
0.3

 
0.1

2023
 
0.3

 

Thereafter
 
1.3

 

Total
 
$
7.8

 
$
0.5


Schedule of Future Minimum Payments for Finance Leases
The following table provides future minimum payments at September 30, 2019, by year and in the aggregate, for leases having non-cancelable lease terms in excess of one year:
 
 
Operating Leases
 
Finance Leases
2019 (Remaining)
 
$
1.1

 
$
0.1

2020
 
3.6

 
0.2

2021
 
1.2

 
0.1

2022
 
0.3

 
0.1

2023
 
0.3

 

Thereafter
 
1.3

 

Total
 
$
7.8

 
$
0.5


Reconciliation of future minimum lease payments and lease liabilities [Table Text Block]
The following table provides reconciliation of future minimum lease payments and lease liability:
 
September 30, 2019
 
Operating Leases
 
Finance Leases
Future minimum lease payments
$
7.8

 
$
0.5

  Less: Unamortized interest
0.9

 

Total lease liability
$
6.9

 
$
0.5