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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases were as follows:

 

Lease Type

 

Balance Sheet Classification

 

March 31,

2019

 

ASSETS

 

 

 

 

 

 

Operating lease assets

 

Trade and other receivables, net

 

$

1.9

 

Operating lease assets

 

Prepaid expenses and other current assets

 

 

1.6

 

Operating lease assets

 

Right of use lease asset

 

 

39.9

 

Total lease assets

 

 

 

$

43.4

 

LIABILITIES

 

 

 

 

 

 

Current

 

 

 

 

 

 

Operating lease liabilities

 

Short-term lease liabilities

 

$

13.9

 

Noncurrent

 

 

 

 

 

 

Operating lease liabilities

 

Long-term lease liabilities

 

 

32.7

 

Total lease liabilities

 

 

 

$

46.6

 

 

Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Three Months Ended

March 31,

 

Lease Cost

 

2019

 

Operating lease cost

 

$

4.0

 

Sublease income

 

 

(1.2

)

Net lease cost

 

$

2.8

 

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows:

 

Years Ending December 31,

 

Operating Leases

 

2019

 

$

11.9

 

2020

 

 

14.3

 

2021

 

 

9.6

 

2022

 

 

9.1

 

2023

 

 

7.3

 

Thereafter

 

 

6.7

 

Total lease payments (a)

 

$

58.9

 

Less: Interest

 

 

6.7

 

Present value of lease liabilities

 

$

52.2

 

 

(a)

Maturities of lease liabilities have not been reduced by minimum sublease rentals of $11.8 due in the future under noncancellable subleases. 

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

Weighted average remaining lease term and weighted average discount rate were as follows:

 

 

 

 

 

March 31,

2019

 

Weighted average remaining lease term (in years)

 

 

 

 

Operating leases

 

 

 

 

5.2

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

 

 

5.03

%