Leases

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Leases

Leases

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 2034. In the first quarter of 2025, the Company recorded an operating right-of-use ("ROU") asset and related lease liability of $0.6 million related to a nine years, eight months term amendment of an existing administrative office location consisting of approximately 5,800 square feet.

The Company's operating lease costs, included in continuing operations, was $4.3 million for the three months ended March 31, 2025 and 2024. The Company has sublease agreements for unused facilities, as well as excess space in facilities we are currently occupying, which expire at various dates through 2028. Total sublease income of $0.5 million and $0.6 million was recorded for the three months ended March 31, 2025 and 2024, respectively.

Information relating to operating and finance leases for continuing and discontinued operations as of March 31, 2025 and December 31, 2024:

	Three Months Ended March 31,			Year Ended  December 31,
	2025			2024
Weighted Average Remaining Lease Term
Operating and finance leases	6.4 years			6.5 years
Weighted Average Discount Rate
Operating and finance leases	5.4		%	5.4		%
ROU assets obtained in exchange for operating and finance lease obligations (in millions)	$	0.6		$	4.5

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

Year Ending December 31	Operating Leases
2025 (adjusted for three months of payments)	$	13.7
2026	16.6
2027	12.6
2028	12.2
2029	12.4
2030	10.3
Thereafter	18.9
Total lease payments	96.7
Less: interest	(16.5)
Total present value of lease liabilities	$	80.2

Leases

Leases

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 2034. In the first quarter of 2025, the Company recorded an operating right-of-use ("ROU") asset and related lease liability of $0.6 million related to a nine years, eight months term amendment of an existing administrative office location consisting of approximately 5,800 square feet.

The Company's operating lease costs, included in continuing operations, was $4.3 million for the three months ended March 31, 2025 and 2024. The Company has sublease agreements for unused facilities, as well as excess space in facilities we are currently occupying, which expire at various dates through 2028. Total sublease income of $0.5 million and $0.6 million was recorded for the three months ended March 31, 2025 and 2024, respectively.

Information relating to operating and finance leases for continuing and discontinued operations as of March 31, 2025 and December 31, 2024:

	Three Months Ended March 31,			Year Ended  December 31,
	2025			2024
Weighted Average Remaining Lease Term
Operating and finance leases	6.4 years			6.5 years
Weighted Average Discount Rate
Operating and finance leases	5.4		%	5.4		%
ROU assets obtained in exchange for operating and finance lease obligations (in millions)	$	0.6		$	4.5

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

Year Ending December 31	Operating Leases
2025 (adjusted for three months of payments)	$	13.7
2026	16.6
2027	12.6
2028	12.2
2029	12.4
2030	10.3
Thereafter	18.9
Total lease payments	96.7
Less: interest	(16.5)
Total present value of lease liabilities	$	80.2