LEASES

12 Months Ended

Dec. 31, 2021

The Company has operating and finance leases for office and warehouse facilities, headquarters, call centers, machinery and certain computer and communications equipment which provide the right to use the underlying assets in exchange for agreed upon lease payments, determined by the payment schedule contained in each lease. The Company’s lease portfolio consists primarily of operating leases which expire at various dates through 2032.

The Company's operating lease costs, included in continuing operations, was $13.9 million, $13.1 million and $12.0 million, for the years ended December 31, 2021, 2020 and 2019, respectively.

Information relating to operating leases for continuing and discontinued operations as of December 31, 2021 and, 2020:


	Year Ended December 31,
	2021			2020
Weighted Average Remaining Lease Term
Operating leases	8.1 years			8.7 years

Weighted Average Discount Rate
Operating leases	5.2		%	5.2		%

ROU assets obtained in exchange for operating lease obligations	$	2.6		$	28.7

Maturities of lease liabilities were as follows (in millions):


Year Ending December 31	Operating Leases
2022	$	14.5
2023	13.9
2024	12.7
2025	11.5
2026	9.6
Thereafter	37.4
Total lease payments	99.6
Less: interest	(20.6)
Total present value of lease liabilities	$	79.0

The Company currently leases its headquarters office facility from an entity owned by the Company’s principal shareholders. Total rent expense recorded to related parties was $1.0 million in 2021, 2020 and 2019.

The Company has sublease agreements for certain unused facilities related to continuing and discontinued operations. These sublease agreements, one of which was to expire in February 2022, which has been extended to February 2023, includes an option to extend the lease term and the other sublease agreement expires in August 2023. Total sublease income of $1.3 million, $1.7 million and $1.9 million was recorded for the years ended December 31, 2021, 2020 and 2019, respectively. Future rent streams related to sublease agreements of $1.9 million to be collected in less than one year and $0.4 million to be collected between one and three years.