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LEASES
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
LEASES LEASES
The Company has operating and finance leases for its office facilities, data centers, and vehicles. The Company's leases have remaining terms up to eight years. The leases contain various renewal and termination options. The period that is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. The period that is subject to an option to terminate the lease is included if it is reasonably certain that the option will not be exercised.
Lease costs related to the Company's operating and finance leases included in the consolidated statements of operations were as follows (in millions):
 Year Ended December 31,
 202320222021
Operating lease costs:   
Cost of revenues
$10.0 $8.4 $10.1 
Software development
6.3 7.2 6.9 
Selling and marketing (excluding customer base amortization)
15.4 12.6 11.9 
General and administrative
4.0 5.4 5.9 
Total operating lease costs
35.7 33.6 34.8 
Finance lease costs:
Amortization of ROU assets
0.8 — — 
Interest on lease liabilities
0.2 — — 
Total finance lease costs
1.0 — — 
Total lease costs
$36.7 $33.6 $34.8 
Finance lease costs primarily relate to vehicles used by the Company's research teams, and the amortization of the ROU assets are recorded to cost of revenue in the consolidated statements of operations. The impact of lease costs related to short-term leases was not material for the years ended December 31, 2023, 2022 and 2021.
Supplemental balance sheet information related to operating leases was as follows ($ in millions):
Year Ended December 31,
BalanceBalance Sheet Location20232022
Operating lease liabilities$109.9 $118.3 
Less: imputed interest(7.0)(6.2)
Present value of lease liabilities102.9 112.1 
Less: current portion of lease liabilitiesLease liabilities36.9 36.0 
Long-term lease liabilitiesLease and other long-term liabilities$66.0 $76.1 
Weighted-average remaining lease term in years3.93.6
Weighted-average discount rate3.6 %3.1 %
ROU Assets
Lease right-of-use assets
$79.8 $80.4 
Finance lease liabilities
$14.6 $— 
Less: imputed interest(1.6)— 
Present value of lease liabilities13.0 — 
Less: current portion of lease liabilitiesLease liabilities3.1 — 
Long-term lease liabilitiesLease and other long-term liabilities$9.9 $— 
Weighted-average remaining lease term in years3.80
Weighted-average discount rate7.8 %— %
ROU Assets
Property and equipment, net
$10.8 $— 
Supplemental cash flow information related to leases was as follows (in millions):
Year Ended December 31,
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$44.9 $41.6 $37.3 
Operating cash flows used in finance leases
$0.2 $— $— 
Financing cash flows used in finance leases
$0.7 $— $— 
ROU assets obtained in exchange for lease new obligations:
Operating leases$29.1 $20.0 $34.2 
Finance leases$13.6 $— $— 
LEASES LEASES
The Company has operating and finance leases for its office facilities, data centers, and vehicles. The Company's leases have remaining terms up to eight years. The leases contain various renewal and termination options. The period that is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. The period that is subject to an option to terminate the lease is included if it is reasonably certain that the option will not be exercised.
Lease costs related to the Company's operating and finance leases included in the consolidated statements of operations were as follows (in millions):
 Year Ended December 31,
 202320222021
Operating lease costs:   
Cost of revenues
$10.0 $8.4 $10.1 
Software development
6.3 7.2 6.9 
Selling and marketing (excluding customer base amortization)
15.4 12.6 11.9 
General and administrative
4.0 5.4 5.9 
Total operating lease costs
35.7 33.6 34.8 
Finance lease costs:
Amortization of ROU assets
0.8 — — 
Interest on lease liabilities
0.2 — — 
Total finance lease costs
1.0 — — 
Total lease costs
$36.7 $33.6 $34.8 
Finance lease costs primarily relate to vehicles used by the Company's research teams, and the amortization of the ROU assets are recorded to cost of revenue in the consolidated statements of operations. The impact of lease costs related to short-term leases was not material for the years ended December 31, 2023, 2022 and 2021.
Supplemental balance sheet information related to operating leases was as follows ($ in millions):
Year Ended December 31,
BalanceBalance Sheet Location20232022
Operating lease liabilities$109.9 $118.3 
Less: imputed interest(7.0)(6.2)
Present value of lease liabilities102.9 112.1 
Less: current portion of lease liabilitiesLease liabilities36.9 36.0 
Long-term lease liabilitiesLease and other long-term liabilities$66.0 $76.1 
Weighted-average remaining lease term in years3.93.6
Weighted-average discount rate3.6 %3.1 %
ROU Assets
Lease right-of-use assets
$79.8 $80.4 
Finance lease liabilities
$14.6 $— 
Less: imputed interest(1.6)— 
Present value of lease liabilities13.0 — 
Less: current portion of lease liabilitiesLease liabilities3.1 — 
Long-term lease liabilitiesLease and other long-term liabilities$9.9 $— 
Weighted-average remaining lease term in years3.80
Weighted-average discount rate7.8 %— %
ROU Assets
Property and equipment, net
$10.8 $— 
Supplemental cash flow information related to leases was as follows (in millions):
Year Ended December 31,
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$44.9 $41.6 $37.3 
Operating cash flows used in finance leases
$0.2 $— $— 
Financing cash flows used in finance leases
$0.7 $— $— 
ROU assets obtained in exchange for lease new obligations:
Operating leases$29.1 $20.0 $34.2 
Finance leases$13.6 $— $—