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Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Components of lease expense | 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 September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 4.0 |  |  | $ | 10.0 |
Operating cash flows from finance leases | $ | 0.2 |  |  | $ | 0.6 |
Financing cash flows from finance leases | $ | 0.1 |  |  | $ | 0.4 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |
Operating leases | $ | 1.4 |  |  | $ | 41.7 |
Finance leases | $ | — |  |  | $ | 15.5 |
Weighted average remaining lease term in years: |  |  |
Operating leases | 3.8 |  |  | 3.8 |
Finance leases | 13.5 |  |  | 13.5 |
Weighted average discount rate: |  |  |
Operating leases | 5.0 | % |  | 5.0 | %
Finance leases | 5.0 | % |  | 5.0 | %
Amortization of operating lease right-of-use asset included in cash flows from operating activities in the Consolidated Statements of Cash Flows was $2.7 million and $6.7 million for the three and nine months ended September 30, 2019, respectively. The components of lease expense for the three and nine months ended September 30, 2019 were as follows:
(In millions) | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2019
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 0.3 |  |  | $ | 0.8 |
Interest on lease liabilities | 0.2 |  |  | 0.6 |
Operating lease cost | 2.8 |  |  | 8.4 |
Short-term lease cost | 1.3 |  |  | 3.3 |
Variable lease cost(1) | 1.0 |  |  | 3.0 |
Total lease cost | $ | 5.6 |  |  | $ | 16.1 |
(1) Variable lease costs are primarily related to common area maintenance charges and property taxes.
Future minimum lease payments, operating leases | Future minimum lease payments under non-cancellable leases as of September 30, 2019 were as shown in the table below.
(In millions) | Operating Leases |  | Finance Leases
Remaining 2019 | $ | 4.1 |  |  | $ | 0.3 |
2020 | 16.9 |  |  | 1.3 |
2021 | 17.1 |  |  | 1.3 |
2022 | 6.3 |  |  | 1.4 |
2023 | 4.4 |  |  | 1.4 |
Thereafter | 5.4 |  |  | 15.3 |
Total future lease cost | 54.2 |  |  | 21.0 |
Less: Amount representing interest | (4.9 | ) |  | (5.9 | )
Present value of future payments | 49.3 |  |  | 15.1 |
Less: Short-term leases not recorded as a liability | (0.2 | ) |  | — |
Revised present value of future lease payments | 49.1 |  |  | 15.1 |
Less: Current portion | (14.8 | ) |  | (0.6 | )
Long-term portion | $ | 34.3 |  |  | $ | 14.5 |
Future minimum lease payments, finance leases | Future minimum lease payments under non-cancellable leases as of September 30, 2019 were as shown in the table below.
(In millions) | Operating Leases |  | Finance Leases
Remaining 2019 | $ | 4.1 |  |  | $ | 0.3 |
2020 | 16.9 |  |  | 1.3 |
2021 | 17.1 |  |  | 1.3 |
2022 | 6.3 |  |  | 1.4 |
2023 | 4.4 |  |  | 1.4 |
Thereafter | 5.4 |  |  | 15.3 |
Total future lease cost | 54.2 |  |  | 21.0 |
Less: Amount representing interest | (4.9 | ) |  | (5.9 | )
Present value of future payments | 49.3 |  |  | 15.1 |
Less: Short-term leases not recorded as a liability | (0.2 | ) |  | — |
Revised present value of future lease payments | 49.1 |  |  | 15.1 |
Less: Current portion | (14.8 | ) |  | (0.6 | )
Long-term portion | $ | 34.3 |  |  | $ | 14.5 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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