Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

(14)Leases

Operating Leases

We have operating leases for corporate offices, data centers and certain equipment. Our leases have remaining lease terms of up to seven years, some of which include escalation clauses, renewal options for up to five years or termination options within one year.

Right-of-use assets are included in Other non-current assets in our Consolidated Balance Sheets. Refer to Note 2 - Significant Accounting Policies. Operating lease liabilities are included in the Consolidated Balance Sheets as follows (in millions):

	December 31,
	2021		2020
Operating lease liabilities:
Trade accounts payable and other accrued liabilities	$	10.7	$	13.5
Other non-current liabilities		26.4		29.7
Total operating lease liabilities	$	37.1	$	43.2

As of December 31, 2021, maturities of operating lease liabilities were as follows (in millions):

2022	$	10.9
2023		9.1
2024		8.1
2025		3.3
2026		2.8
Thereafter		4.7
Total		38.9
Less: imputed interest		(1.8)
Total	$	37.1

Supplemental information related to operating leases is as follows (in millions, except lease term and discount rate):

	Year ended December 31,
	2021		2020
Operating lease cost (1)	$	18.5	$	18.1
Operating cash outflows related to lease liabilities		13.7		12.4
Non-cash additions for right-of-use assets, net of modifications		6.4		21.5

	December 31,
	2021		2020
Weighted average remaining lease term (in years)	4.7		5.3
Weighted average discount rate	2.25	%	3.30	%

(1) Operating lease cost includes right-of-use asset amortization as well as short-term and variable lease costs. Accelerated right-of-use asset amortization included in operating lease cost was $4.0 million and $2.8 million for the years ended December 31, 2021 and 2020, respectively.

Finance Leases

On December 31, 2019, we entered into one-year finance lease agreements with a stated rate of 0.0% and an imputed interest rate of 3.3% and bargain purchase options for certain computer equipment. The leased equipment was valued based on the net present value of the minimum lease payments, which was $13.7 million (net of prepaid maintenance and imputed interest of $0.3 million) and is included in Property and equipment, net on our Consolidated Balance Sheets. On March 31, 2021, we entered into one-year finance lease agreements, with a stated interest rate of 0%, an imputed interest rate of 1.6% and bargain purchase options for certain computer equipment. The leased equipment was valued based on the net present value of the minimum lease payments, which was $3.2 million (net of prepaid maintenance and imputed interest of less than $0.1 million) and is included in Property and equipment, net on our Consolidated Balance Sheets. The leased equipment has a useful life of five years and is depreciated on a straight-line basis. Refer to Note 7 — Property and Equipment.

Finance lease cost for the years ended December 31, 2021 and 2020 included amortization of right-of-use asset of $0.5 million and $2.1 million, respectively, and interest on lease liability of less than $0.1 million and $0.3 million, respectively. Refer to Note 11 — Long – Term Debt for additional information related to our finance leases.