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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Estimated Useful Lives Depreciation is computed using the straight line method over the estimated useful lives of the assets as follows:

Software and capitalized software development costs

 

3 years

Buildings

 

30 years

Computer equipment

 

3 years

Rental clocks

 

5 years

Furniture, fixtures and equipment

 

5 years

Land improvements

 

15 years

Leasehold improvements

 

5 years

Vehicles

 

3 years

Summary of Changes in Deferred Revenue

Changes in deferred revenue for the years ended December 31, 2024 and 2023 were as follows:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Balance, beginning of period

 

$

130.5

 

 

$

117.4

 

Recognition of revenue included in beginning of period balance

 

 

(21.9

)

 

 

(19.1

)

Contract balance, net of revenue recognized during the period

 

 

36.0

 

 

 

32.2

 

Balance, end of period

 

$

144.6

 

 

$

130.5

 

Summary of Asset Balances and Related Amortization Expense For Contract Costs

The following tables present the asset balances and related amortization expense for these contract costs:

 

 

As of and for the Year Ended December 31, 2024

 

 

 

Beginning

 

 

Capitalization

 

 

 

 

 

Ending

 

 

 

Balance

 

 

of Costs

 

 

Amortization

 

 

Balance

 

 Costs to obtain a contract

 

$

378.5

 

 

$

111.5

 

 

$

(64.3

)

 

$

425.7

 

 Costs to fulfill a contract

 

$

420.0

 

 

$

144.0

 

 

$

(65.7

)

 

$

498.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Year Ended December 31, 2023

 

 

 

Beginning

 

 

Capitalization

 

 

 

 

 

Ending

 

 

 

Balance

 

 

of Costs

 

 

Amortization

 

 

Balance

 

 Costs to obtain a contract

 

$

325.5

 

 

$

107.8

 

 

$

(54.8

)

 

$

378.5

 

 Costs to fulfill a contract

 

$

338.9

 

 

$

133.7

 

 

$

(52.6

)

 

$

420.0