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Leases Leases | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Leases | 4. Leases Substantially all of our operating leases recorded in our condensed consolidated balance sheet at January 1, 2019 upon adoption of ASC 842 are related to office facility leases. The lease and non-lease components are accounted for as a combined single component based upon the standalone price at the time the applicable lease is commenced and is recognized as a lease expense on a straight-line basis over the lease term. Most of our office facility leases include options to renew and generally are not included in the operating lease liabilities or right-of-use ("ROU") assets as they are not reasonably certain of being exercised. If an option to renew is exercised, it would be considered a separate contract and recognized based upon the standalone price at the time the option to renew is exercised. Variable lease payments which values are not known at lease commencement, such as executory costs of real estate taxes, property insurance, and common area maintenance, are expensed as incurred. As of September 30, 2019, we had no significant leases executed but not yet commenced and did not record any impairment charges related to our ROU assets. See Note 13, "Commitments and Contingencies," for maturities of lease liabilities. The following is a summary of our operating lease related information:
($ in millions) |  | As of
Balance sheet | Classification | September 30, 2019
Right-of-use assets, net | Other assets, net | $ | 11.1 |
Operating lease liabilities | Other liabilities | $ | 15.7 |
($ in millions) |  |  |
Statement of income and comprehensive income | Classification | Three Months Ended September 30, 2019 | Nine Months Ended September 30, 2019
Rent expense related to operating lease liabilities | General and administrative expenses and property management expenses | $ | 0.7 |  | $ | 2.2 |
Variable lease expense | General and administrative expenses and property management expenses | $ | 0.3 |  | $ | 1.0 |
Statement of cash flows |  |
Cash flows from operating leases | Net cash from operating activities | $ | 0.7 |  | $ | 2.3 |
Supplemental lease information |  |  |
Weighted average remaining lease term (years) |  | 5.6 |
Weighted average discount rate - operating leases (1) |  | 4.9 | %
(1) We use a secured incremental borrowing rate, as defined by ASC 842 based on an estimated secured rate with applicable adjustments, as most of our lease contracts do not provide a readily determinable implicit rate.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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