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Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
The Company has operating leases for corporate offices, data centers and certain equipment. The operating leases have remaining lease terms of less than 1 year to 9 years, some of which include options to extend the leases for up to 5 years.
The following table summarizes information about the Company’s operating leases for the three and six months ended June 30, 2025 and 2024 (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Operating lease cost$2.2 $2.1 $4.4 $4.3 
Variable lease cost0.1 0.1 0.1 0.1 
Total operating lease expense$2.3 $2.2 $4.5 $4.4 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$2.5 $2.1 $4.9 $4.5 
Right of use assets obtained in exchange for new operating lease liabilities— 0.6 — 0.6 
In determining the incremental borrowing rate, the Company considered the interest rate yield for the specific interest rate environment and the Company’s credit spread at the inception of the lease. For the six months ended June 30, 2025 and 2024, the weighted average remaining lease term was 8.0 years and 9.0 years, respectively, and the weighted average discount rate was 3.54% and 3.52%, respectively.
Maturities of operating lease liabilities were as follows (in millions):
Operating Leases
Year Ending December 31,
2025 (excluding the six months ended June 30, 2025)
$4.7 
20269.5 
20279.1 
20288.7 
20298.0 
Thereafter33.2 
Total lease payments$73.2 
   Less imputed interest(9.4)
Total$63.8