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Note 8 - Leases | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Lessee, Operating and Finance Leases [Text Block] | 8. Leases: We have operating and finance leases for corporate offices, data centers, and certain equipment that are accounted for under ASC 842. Our leases have remaining lease terms ranging from one year to fourteen years, some of which include the options to extend our leases for up to twenty years, and some of which include the options to terminate our leases within one year. Extension and termination options are considered in our calculation of our right-of-use ("ROU") assets and lease liabilities when we determine it is reasonably certain that we will exercise those options. The following table presents our lease cost, cash paid for amounts included in our measurement of lease liabilities, ROU assets obtained, weighted-average remaining lease terms, and weighted-average discount rates for finance and operating leases for the years ended December 31, 2020 and 2019:
|  | 2020 |  |  | 2019 |
Lease cost: |  |  |  |  |  |  |  |
Operating lease cost (1) |  | $ | 52.2 |  |  | $ | 48.4 |
Sublease income |  |  | (0.3 | ) |  |  | — |
Finance lease cost |  |  |  |  |  |  |  |
Depreciation of finance lease assets (2) |  |  | 13.4 |  |  |  | 13.2 |
Interest on finance lease liabilities (3) |  |  | 0.7 |  |  |  | 1.8 |
Total lease cost |  | $ | 66.0 |  |  | $ | 63.4 |
Other information: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash outflows from operating leases |  | $ | (52.0 | ) |  | $ | (48.4 | )
Operating cash outflows from finance leases |  | $ | (0.7 | ) |  | $ | (1.8 | )
Financing cash outflows from finance leases |  | $ | (14.4 | ) |  | $ | (15.1 | )
Weighted-average remaining lease term - operating leases (in years) |  |  | 9.3 |  |  |  | 9.4 |
Weighted-average remaining lease term - finance leases (in years) |  |  | 2.2 |  |  |  | 2.6 |
Weighted-average discount rate - operating leases |  |  | 3.9 | % |  |  | 4.0 | %
Weighted-average discount rate - finance leases |  |  | 4.1 | % |  |  | 4.4 | %
_______________ (1) Included in "Cost of revenues" and "Selling, general and, administrative" expenses in our accompanying consolidated statements of operations (2) Included in "Depreciation and amortization of fixed assets" in our accompanying consolidated statements of operations (3) Included in "Interest expense" in our accompanying consolidated statements of operations The total rental expense for the year ended December 31, 2018, prior to the adoption of the new lease standard, was $44.9 million. Our ROU assets and lease liabilities for finance leases were $27.1 million and $24.7 million, respectively, as of December 31, 2020. Our ROU assets and lease liabilities for finance leases were $9.9 million and $7.7 million, respectively, as of December 31, 2019. Our ROU assets for finance leases were included in "Fixed assets, net" in our accompanying consolidated balance sheets. Our lease liabilities for finance leases were included in the "Short-term debt and current portion of long-term debt" and "Long-term debt" in our accompanying consolidated balance sheets (See Note 15. Debt). Maturities of lease liabilities for the years through 2026 and thereafter are as follows:
Years Ending |  | Operating Leases |  |  | Finance Leases |
2021 |  | $ | 50.5 |  |  | $ | 15.0 |
2022 |  |  | 45.0 |  |  |  | 10.8 |
2023 |  |  | 42.9 |  |  |  | 0.3 |
2024 |  |  | 35.2 |  |  |  | — |
2025 |  |  | 31.9 |  |  |  | — |
2026 and thereafter |  |  | 171.4 |  |  |  | — |
Total lease payments |  |  | 376.9 |  |  |  | 26.1 |
Less: Amount representing interest |  |  | (66.6 | ) |  |  | (1.4 | )
Present value of total lease payments |  | $ | 310.3 |  |  | $ | 24.7 |

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