XML 37 R27.htm IDEA: XBRL DOCUMENT

LEASES (Tables)

3 Months Ended

Mar. 30, 2019

Leases [Abstract]



	The components of lease expense for the three months ended March 30, 2019 were as follows:


	Operating lease cost ⁽¹⁾	$	3.2
	Variable lease cost	$	0.1

	Finance lease cost:
	Amortization of right-of-use assets	$	0.3
	Interest on lease liabilities	—
	Total finance lease cost	$	0.3

_________________________

⁽¹⁾ Includes short-term lease cost of $0.8 for the three months ended March 30, 2019.



	Supplemental cash flow information related to leases for the three months ended March 30, 2019 was as follows:


	Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flow from operating leases	$	2.4
	Operating cash flows from finance leases	—
	Financing cash flows from finance leases	0.3
	Non-cash activities:
	Operating lease right-of-use assets obtained in exchange for new lease obligations	0.9
	Finance lease right-of-use assets obtained in exchange for new lease obligations	0.2

Supplemental Lease Information



Supplemental balance sheet information related to leases as of March 30, 2019 was as follows:
Operating Leases:						Affected Line Item in the Condensed Consolidated Balance Sheet
Operating lease ROU assets		$	26.3			Other assets

Operating lease current liabilities		$	8.1			Accrued expenses
Operating lease non-current liabilities		20.0				Other long-term liabilities
Total operating lease liabilities		$	28.1


Finance Leases:
Finance Lease Assets		$	2.4			Property, plant and equipment, net

Finance lease current liabilities		$	1.0			Current maturities of long-term debt
Finance lease non-current liabilities		1.5				Long-term debt
Total finance lease liabilities		$	2.5



	The weighted average remaining lease terms (years) of our leases as of March 30, 2019 were as follows:


	Operating Leases	5.2
	Finance Leases	2.9

Finance Lease Maturities



The future minimum payments under our operating and finance leases were as follows as of March 30, 2019:
	Operating Leases				Finance Leases				Total

Next 12 months	$	9.0			$	1.1			$	10.1
12 to 24 months	6.9				0.8				7.7
24 to 36 months	4.5				0.5				5.0
36 to 48 months	3.9				0.2				4.1
48 to 60 months	3.7				0.1				3.8
Thereafter	3.3				—				3.3
Total lease payments	31.3				2.7				34.0
Less imputed interest	3.2				0.2				3.4
Total	$	28.1			$	2.5			$	30.6

Operating Lease Maturities



The future minimum payments under our operating and finance leases were as follows as of March 30, 2019:
	Operating Leases				Finance Leases				Total

Next 12 months	$	9.0			$	1.1			$	10.1
12 to 24 months	6.9				0.8				7.7
24 to 36 months	4.5				0.5				5.0
36 to 48 months	3.9				0.2				4.1
48 to 60 months	3.7				0.1				3.8
Thereafter	3.3				—				3.3
Total lease payments	31.3				2.7				34.0
Less imputed interest	3.2				0.2				3.4
Total	$	28.1			$	2.5			$	30.6

Schedule of Operating Leases as of Prior Year End

Our operating lease commitments as of December 31, 2018 were as follows:



2019	$	9.1
2020	7.3
2021	4.5
2022	3.8
2023	3.4
Thereafter	3.1
Total minimum payments	$	31.2