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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Components of lease expense
The components of lease expense for the three and six months ended June 30, 2019 were as follows:
(In millions)
Three Months Ended 
 June 30, 2019
 
Six Months Ended 
 June 30, 2019
Finance lease cost:
 
 
 
Amortization of right-of-use assets
$
0.2

 
$
0.5

Interest on lease liabilities
0.2

 
0.4

Operating lease cost
3.1

 
5.6

Short-term lease cost
0.7

 
2.0

Variable lease cost(1)
1.2

 
2.0

Total lease cost
$
5.4

 
$
10.5

(1) Variable lease costs are primarily related to common area maintenance charges and property taxes.  
Other information related to leases was as shown in the table below. All figures include the leases recorded at the beginning of the first quarter of 2019 as a result of our adoption of ASC 842.
(Dollars in millions)
Three Months Ended 
 June 30, 2019
 
Six Months Ended 
 June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows from operating leases
$
3.5

 
$
6.0

Operating cash flows from finance leases
$
0.2

 
$
0.4

Financing cash flows from finance leases
$
0.1

 
$
0.3

Right-of-use assets obtained in exchange for lease liabilities:
 
 
 
Operating leases
$
10.9

 
$
40.3

Finance leases
$

 
$
15.5

Weighted average remaining lease term in years:
 
 
 
Operating leases
4.0

 
4.0

Finance leases
13.8

 
13.8

Weighted average discount rate:
 
 
 
Operating leases
5.0
%
 
5.0
%
Finance leases
5.0
%
 
5.0
%

Future minimum lease payments, operating leases
Future minimum lease payments under non-cancellable leases as of June 30, 2019 were as shown in the table below.
(In millions)
Operating Leases
 
Finance Leases
 
 
 
 
2019
$
8.3

 
$
0.6

2020
16.8

 
1.3

2021
16.9

 
1.3

2022
6.0

 
1.4

2023
4.2

 
1.4

Thereafter
5.0

 
15.3

Total future lease cost
57.2

 
21.3

Less: Amount representing interest
(5.4
)
 
(6.1
)
Present value of future payments
51.8

 
15.2

Less: Short-term leases not recorded as a liability
(0.5
)
 

Revised present value of future lease payments
51.3

 
15.2

Less: Current portion
(14.1
)
 
(0.5
)
Long-term portion
$
37.2

 
$
14.7


Future minimum lease payments, finance leases
Future minimum lease payments under non-cancellable leases as of June 30, 2019 were as shown in the table below.
(In millions)
Operating Leases
 
Finance Leases
 
 
 
 
2019
$
8.3

 
$
0.6

2020
16.8

 
1.3

2021
16.9

 
1.3

2022
6.0

 
1.4

2023
4.2

 
1.4

Thereafter
5.0

 
15.3

Total future lease cost
57.2

 
21.3

Less: Amount representing interest
(5.4
)
 
(6.1
)
Present value of future payments
51.8

 
15.2

Less: Short-term leases not recorded as a liability
(0.5
)
 

Revised present value of future lease payments
51.3

 
15.2

Less: Current portion
(14.1
)
 
(0.5
)
Long-term portion
$
37.2

 
$
14.7