XML 33 R20.htm IDEA: XBRL DOCUMENT v3.20.4
Leases
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases Leases
Our operating leases primarily consist of office and data center space expiring at various dates through November 2036. Certain leases include options to renew or terminate at our discretion. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of December 31, 2020, operating leases have a remaining weighted average lease term of 7.9 years and our operating lease liabilities were measured using a weighted average discount rate of 5.0%. Finance leases are immaterial.
The components of operating lease expense were as follows:
Year Ended December 31,
20202019
Operating lease costs$53.2 $55.6 
Variable lease costs9.2 8.8 
Sublease income(3.0)(3.0)
Net lease costs$59.4 $61.4 
Total rent expense related to operating leases was $38.3 million during 2018.
We recognized an impairment of our operating lease assets during 2020, as discussed in Note 13.
Maturities of operating lease liabilities as of December 31, 2020 were as follows:
Year Ending December 31:
2021$50.8 
202236.4 
202326.8 
202426.7 
202523.5 
Thereafter89.4 
Total lease payments253.6 
Less: imputed interest(45.4)
$208.2