XML 80 R37.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
         
(in millions)
 
Twelve Months
Ended December 31
 
 
2019
 
Finance lease cost:
 
 
 
Amortization of
right-of-use
assets
   $
1.7
 
Interest on lease liabilities
   
0.0
 
         
Total finance lease cost
   
1.7
 
Operating lease cost
   
12.1
 
Short-term lease cost
   
2.5
 
Variable lease cost
   
0.3
 
         
Total lease cost
  $
16.6
 
         
 
 
 
 
 
 
 
 
 
 
Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to leases is as follows:
         
(in millions)
 
Twelve Months
Ended December 31
 
 
2019
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows from operating leases
 
$
14.3
 
Operating cash flows from finance leases
 
 
2.1
 
Finance cash flows from finance leases
 
 
0.0
 
Right-of-use
assets obtained in exchange for new lease obligations:
 
 
 
Operating leases
 
$
4.3
 
Finance leases
 
 
0.0
 
 
 
 
Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases is as follows:
         
(in millions except lease term and discount rate)
  
December 31
 
 
  
2019
 
Operating leases:
 
 
 
Operating lease
right-of-use
assets
   $
32.4
 
         
Current portion of operating lease liabilities
 
$
10.6
 
Operating lease liabilities, net of current portion
   
21.9
 
         
Total operating lease liabilities
  $
32.5
 
         
Finance leases:
 
 
 
Property, plant and equipment at cost
  $
9.9
 
Accumulated depreciation
   
(8.1
) 
         
Net property, plant and equipment, net
  $
1.8
 
         
Current portion of finance leases
  $
1.0
 
Finance leases, net of current portion
   
0.5
 
         
Total finance lease liabilities
  $
1.5
 
         
Weighted average remaining lease term:
 
 
 
Operating leases
   
3.3
 years
 
Finance leases
   
1.7
 years
 
Weighted average discount rate:
 
 
 
Operating leases
   
3.1
 %
Finance leases
   
2.4
 %
 
 
 
Maturities of Lease Liabilities
Maturities of lease liabilities were as follows as at December 31, 2019:
                 
(
in millions
)
  
Operating
Leases
 
  
Finance
Leases
 
Within one year
  $
10.8
    $
1.1
 
Year two
   
9.1
     
0.4
 
Year three
   
5.8
     
0.1
 
Year four
   
4.4
     
0.0
 
Year five
   
2.1
     
0.0
 
Thereafter
   
2.5
     
0.0
 
                 
Total lease payments
   
34.7
     
1.6
 
Less imputed interest
   
(2.2
)    
(0.1
)
                 
Total
  $
32.5
    $
1.5
 
                 
 
 
As of December 31, 2019, additional operating and finance leases that have not yet commenced are $0.0 million.
 
 
 
 
 
 
 
 
Future lease payment for all non
-
cancel
l
able operating and finance leases as of December 31, 2018
were
 as follows, as accounted for under the previous lease standard, ASC 840. As such the amounts are not directly comparable to those included above.
                 
(
in millions
)
 
Operating
Leases
 
  
Finance
Leases
 
Within one year
  $
6.5
    $
1.8
 
Year two
   
4.5
     
1.0
 
Year three
   
3.2
     
0.4
 
Year four
   
2.3
     
0.1
 
Year five
   
2.1
     
0.0
 
Thereafter
   
4.4
     
0.0
 
                 
Total lease payments
  $
23.0
    $
3.3