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Note 5 - Leases | 9 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | 5. Leases: The Company has operating and finance leases for corporate offices, data centers, and certain equipment that are accounted for under ASC 842. The leases have remaining lease terms ranging from one year to fourteen years, some of which include the options to extend the leases for up to twenty years, and some of which include the options to terminate the leases within one year. Extension and termination options are considered in the calculation of the right-of-use (“ROU”) assets and lease liabilities when the Company determines it is reasonably certain that it will exercise those options. The following table presents lease cost, cash paid for amounts included in the measurement of lease liabilities, ROU assets obtained, weighted-average remaining lease terms, and weighted-average discount rates for finance and operating leases for the three and nine months ended September 30, 2020 and 2019, respectively:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost (1) |  | $ | 13.4 |  |  | $ | 11.8 |  |  | $ | 38.7 |  |  | $ | 35.9 |
Finance lease costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of finance lease assets (2) |  |  | 3.1 |  |  |  | 4.0 |  |  |  | 6.2 |  |  |  | 10.1 |
Interest on finance lease liabilities (3) |  |  | 0.2 |  |  |  | 0.4 |  |  |  | 0.5 |  |  |  | 1.2 |
Total lease cost |  | $ | 16.7 |  |  | $ | 16.2 |  |  | $ | 45.4 |  |  | $ | 47.2 |
Other information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating cash outflows from operating leases |  | $ | (13.4 | ) |  | $ | (10.8 | ) |  | $ | (39.0 | ) |  | $ | (34.4 | )
Operating cash outflows from finance leases |  | $ | (0.2 | ) |  | $ | (0.4 | ) |  | $ | (0.5 | ) |  | $ | (1.2 | )
Financing cash outflows from finance leases |  | $ | (8.6 | ) |  | $ | (6.9 | ) |  | $ | (13.0 | ) |  | $ | (11.4 | )
Weighted-average remaining lease term in years - operating leases |  |  | 9.3 |  |  |  | 9.5 |  |  |  | 9.3 |  |  |  | 9.5 |
Weighted-average remaining lease term in years - finance leases |  |  | 2.6 |  |  |  | 2.8 |  |  |  | 2.6 |  |  |  | 2.8 |
Weighted-average discount rate - operating leases |  |  | 4.1 | % |  |  | 3.9 | % |  |  | 4.1 | % |  |  | 3.9 | %
Weighted-average discount rate - finance leases |  |  | 4.0 | % |  |  | 4.5 | % |  |  | 4.0 | % |  |  | 4.5 | %
_______________ (1) Included in "Cost of revenues" and "Selling, general and administrative" expenses in the accompanying condensed consolidated statements of operations (2) Included in "Depreciation and amortization of fixed assets" in the accompanying condensed consolidated statements of operations (3) Included in "Interest expense" in the accompanying condensed consolidated statements of operations The ROU assets and lease liabilities for finance leases were $29.1 million and $20.6 million, respectively, as of September 30, 2020. The ROU assets and lease liabilities for finance leases were $9.9 million and $7.7 million, respectively, as of December 31, 2019. The ROU assets for finance leases were included in "Fixed assets, net" in the accompanying condensed consolidated balance sheets. The lease liabilities for finance leases were included in the "Short-term debt and current portion of long-term debt" and "Long-term debt" in the accompanying condensed consolidated balance sheets (see Note 10. Debt). Maturities of lease liabilities for the remainder of 2020 and the years through 2025 and thereafter are as follows:
|  | September 30, 2020 |
Years Ending |  | Operating Leases |  |  | Finance Leases |
2020 |  | $ | 13.1 |  |  | $ | 0.7 |
2021 |  |  | 47.6 |  |  |  | 11.3 |
2022 |  |  | 43.4 |  |  |  | 9.7 |
2023 |  |  | 38.3 |  |  |  | 0.2 |
2024 |  |  | 29.1 |  |  |  | — |
2025 and thereafter |  |  | 170.3 |  |  |  | — |
Total lease payments |  |  | 341.8 |  |  |  | 21.9 |
Less: Amount representing interest |  |  | (62.4 | ) |  |  | (1.3 | )
Present value of total lease payments |  | $ | 279.4 |  |  | $ | 20.6 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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