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Note 8 - Leases

12 Months Ended

Dec. 31, 2021

Lessee, Operating and Finance Leases [Text Block]

We have operating and finance leases for corporate offices, data centers, and certain equipment that are accounted for under ASC 842. The lease term for our corporate headquarters ends in 2033 and includes the options to extend for one 10-year renewal period and two 5-year renewal periods. The lease of our Hyderabad, India office may be terminated in six months without penalty. Extension and termination options are considered in the 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 lease cost and cash paid for amounts included in the measurement of lease liabilities for finance and operating leases for the years ended December 31, 2021 and 2020:

	*2021*			*2020*
Lease cost:
Operating lease cost ⁽¹⁾	$	52.5		$	52.2
Sublease income		(1.7	)		(0.3	)
Finance lease cost
Depreciation of finance lease assets ⁽²⁾		13.9			13.4
Interest on finance lease liabilities ⁽³⁾		0.8			0.7
Total lease cost	$	65.5		$	66.0

Other information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	(51.3	)	$	(52.0	)
Operating cash outflows from finance leases	$	(0.8	)	$	(0.7	)
Financing cash outflows from finance leases	$	(18.2	)	$	(14.4	)

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⁽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 following table presents weighted-average remaining lease terms and weighted-average discount rates for finance and operating leases for the years ended December 31, 2021 and 2020:

	*2021*			*2020*
Weighted-average remaining lease term - operating leases (in years)		8.5			9.3
Weighted-average remaining lease term - finance leases (in years)		1.6			2.2
Weighted-average discount rate - operating leases		3.8	%		3.9	%
Weighted-average discount rate - finance leases		3.8	%		4.1	%

Our ROU assets and lease liabilities for finance leases were $19.0 million and $13.5 million, respectively, as of December 31, 2021. 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 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 2027 and thereafter are as follows:

Years Ending	*Operating Leases*			*Finance Leases*
2022	$	51.5		$	13.0
2023		48.9			1.3
2024		40.0			0.4
2025		35.4			0.1
2026		30.3			—
2027 and thereafter		145.8			—
Total lease payments		351.9			14.8
Less: Amount representing interest		(56.0	)		(1.5	)
Present value of total lease payments	$	295.9		$	13.3