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Leases (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Components of Right-of-Use Assets and Lease Liabilities | Components of right-of-use assets and lease liabilities presented in the balance sheet are as follows ($ in million):
Assets | Classification | December 31, 2021 |  | December 31, 2020 |  |
Operating lease right-of-use assets | Other assets | $ | 25.1 |  |  | $ | 19.8 |  |  |
Finance lease right-of-use assets | Property, plant and equipment, net | 2.2 |  |  | 3.0 |  |  |
Total right of use assets |  | $ | 27.3 |  |  | $ | 22.8 |  |  |
Liabilities | Classification | December 31, 2021 |  | December 31, 2020 |  |
Current operating lease obligation | Accrued expenses | $ | 7.3 |  |  | $ | 5.2 |  |  |
Long-term operating lease obligation | Other liabilities | 18.7 |  |  | 15.6 |  |  |
Total operating lease obligation |  | $ | 26.0 |  |  | $ | 20.8 |  |  |
Current finance lease obligation | Current debt | $ | 0.5 |  |  | $ | 0.5 |  |  |
Long-term finance lease obligation | Long-term debt | 2.3 |  |  | 3.0 |  |  |
Total finance lease obligation |  | $ | 2.8 |  |  | $ | 3.5 |  |  |
Components of Lease Expense, Lease Term and Discount Rate and Other Information | Components of lease expense incurred by the Company are as follow ($ in millions):
Lease Cost |  |  | Year Ended December 31, 2021 |  | Year ended December 31, 2020
Finance lease cost (cost resulting from lease payments) |  |  |  |  |
Interest expense on lease liabilities |  |  | $ | 0.7 |  |  | 0.2 |
Amortization of right-of-use assets |  |  | 0.9 |  |  | 0.5 |
Operating lease cost |  |  | 8.4 |  |  | 6.8 |
Short-term lease expense |  |  | 2.3 |  |  | 0.4 |
Total lease cost |  |  | $ | 12.3 |  |  | $ | 7.9 |
Lease Term and Discount Rate | December 31, 2021 |  | December 31, 2020
Weighted-average remaining lease term (years) |  |  |
Operating leases | 4.9 |  | 5.8
Finance leases | 5.5 |  | 6.3
Weighted-average discount rate |  |  |
Operating leases | 5.44 | % |  | 6.19 | %
Finance leases | 5.22 | % |  | 5.26 | %
Other Information (millions) | Year Ended December 31, 2021 |  | Year ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases | 8.7 |  |  | 6.9 |
Operating cash flows from finance leases | 0.7 |  |  | 0.2 |
Leased assets obtained in exchange for new finance lease liabilities | 15.1 |  |  | 0.4 |
Leased assets obtained in exchange for new operating lease liabilities | 10.0 |  |  | 3.9 |
Maturity of Lease Liabilities, Finance Leases | The following table represents future contractual lease liabilities for the next five years and thereafter for finance and operating leases ($ in millions):
Maturity of Lease Liabilities | Finance |  | Operating |  | Total
2022 | $ | 0.7 |  |  | 8.5 |  |  | $ | 9.2 |
2023 | 0.6 |  |  | 6.0 |  |  | 6.6 |
2024 | 0.5 |  |  | 5.0 |  |  | 5.5 |
2025 | 0.5 |  |  | 3.7 |  |  | 4.2 |
2026 | 0.5 |  |  | 2.3 |  |  | 2.8 |
Thereafter | 0.4 |  |  | 4.3 |  |  | 4.7 |
Total lease payments | $ | 3.2 |  |  | $ | 29.8 |  |  | $ | 33.0 |
Less: Interest | 0.4 |  |  | 3.8 |  |  | 4.2 |
Present value of lease liabilities | $ | 2.8 |  |  | $ | 26.0 |  |  | $ | 28.8 |
Maturity of Lease Liabilities, Operating Leases | The following table represents future contractual lease liabilities for the next five years and thereafter for finance and operating leases ($ in millions):
Maturity of Lease Liabilities | Finance |  | Operating |  | Total
2022 | $ | 0.7 |  |  | 8.5 |  |  | $ | 9.2 |
2023 | 0.6 |  |  | 6.0 |  |  | 6.6 |
2024 | 0.5 |  |  | 5.0 |  |  | 5.5 |
2025 | 0.5 |  |  | 3.7 |  |  | 4.2 |
2026 | 0.5 |  |  | 2.3 |  |  | 2.8 |
Thereafter | 0.4 |  |  | 4.3 |  |  | 4.7 |
Total lease payments | $ | 3.2 |  |  | $ | 29.8 |  |  | $ | 33.0 |
Less: Interest | 0.4 |  |  | 3.8 |  |  | 4.2 |
Present value of lease liabilities | $ | 2.8 |  |  | $ | 26.0 |  |  | $ | 28.8 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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