Leases (Tables)

12 Months Ended

Dec. 31, 2020

The following table summarizes the Company’s total lease costs and supplemental cash flow information arising from operating lease transactions:


(in millions)	For the Years Ended December 31,
	2020		2019
Total operating lease costs (a)	$	13.3	$	12.6

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	9.2		8.6

(a) Includes short-term leases and variable lease costs. Total rental expense on all operating leases previously reported under ASC 840, Leases was $8.8 million in 2018.

Lease Assets And Liabilities

The following table summarizes the components of lease right-of-use assets and liabilities:


(in millions)	2020		2019		Affected Line Item in Consolidated Balance Sheets
Assets
Operating lease right-of-use assets	$	21.9	$	27.6	Operating lease right-of-use assets
Finance lease right-of-use assets	0.6		0.6		Properties and equipment, net
Total lease right-of-use assets	$	22.5	$	28.2

Liabilities
Current:
Operating leases	$	8.2	$	8.2	Current operating lease liabilities
Finance leases	0.2		0.2		Current portion of long-term borrowings and finance lease obligations
Noncurrent:
Operating leases	15.5		21.6		Long-term operating lease liabilities
Finance leases	0.4		0.4		Long-term borrowings and finance lease obligations
Total lease liabilities	$	24.3	$	30.4

Weighted-Average Remaining Lease Terms and Discount Rates of Operating Leases

The weighted-average remaining lease terms and discount rates of the Company’s operating leases were as follows:


	2020		2019
Weighted-average remaining lease term of operating leases	3.3 years		3.8 years
Weighted-average discount rate of operating leases	3.5	%	3.8	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2020 were as follows:


(in millions)
2021	$	8.9
2022	7.9
2023	4.9
2024	1.9
2025	0.5
Thereafter	0.9
Total lease payments	25.0
Less: Imputed interest	1.3
Present value of operating lease liabilities	$	23.7