Quarterly report pursuant to Section 13 or 15(d)

Lease Accounting (Tables)

v3.22.1
Lease Accounting (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of Aggregate Lease Costs by Lease Classification

The following table represents the Company’s aggregate lease costs, by lease classification, for the periods presented.

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

Lease Cost

Classification

 

2022

 

 

2021

 

Operating lease costs

 

 

 

 

 

 

 

Equipment (1)

Utilities and other

 

$

0.6

 

 

$

0.4

 

Real Estate (2)(3)

Facility lease expense

 

 

75.0

 

 

 

63.8

 

Total operating lease costs

 

 

$

75.6

 

 

$

64.2

 

 

 

 

 

 

 

 

 

Finance lease costs

 

 

 

 

 

 

 

Amortization of leased assets

Depreciation and amortization

 

$

3.1

 

 

$

3.2

 

Interest on lease liabilities

Interest expense

 

 

1.4

 

 

 

1.6

 

Total finance lease costs

 

 

$

4.5

 

 

$

4.8

 

(1)
Includes approximately $0.5 and $0.3 of short-term lease payments for the three months ended March 31, 2022 and 2021, respectively.
(2)
Includes approximately $5.9 and $(2.3) of variable lease payments based on a change in index, such as CPI or inflation, variable payments based on revenues or attendance and variable common area maintenance costs for the three months ended March 31, 2022 and 2021, respectively. The credit amount for the three months ended March 31, 2022 is due to the abatement of certain lease payments as discussed at Lease Deferrals and Abatements above.
(3)
Approximately $0.3 and $0.4 of lease payments are included in general and administrative expenses primarily related to office leases for the three months ended March 31, 2022 and 2021, respectively.
Schedule of Minimum Cash Lease Payments

The following table represents the minimum cash lease payments included in the measurement of lease liabilities and the non-cash addition of lease right-of-use assets for the periods presented.

 

 

Three Months Ended

 

 

 

March 31,

 

Other Information

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Cash outflows for operating leases

 

$

69.3

 

 

$

66.2

 

Cash outflows for finance leases - operating activities

 

$

1.4

 

 

$

1.6

 

Cash outflows for finance leases - financing activities

 

$

3.6

 

 

$

3.7

 

Non-cash amount of right-of-use assets obtained in exchange for:

 

 

 

 

 

 

Operating lease liability additions, net of write-offs

 

$

11.8

 

 

$

24.9