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Operating leases | 6 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Operating leases | Operating leases Lease costs recorded under operating leases for three and six months ended June 30, 2024 and June 30, 2023 were as follows:
| Three Months Ended | Six Months Ended |  |
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 |  |  |
| (in thousands) |  |
Operating lease costs | $ | 9,287 |  | $ | 12,818 |  | $ | 22,450 |  | $ | 25,689 |  |  |  |
Income from sub-leases | (301) |  | (283) |  | (637) |  | (561) |  |  |  |
Net operating lease costs | $ | 8,986 |  | $ | 12,535 |  | $ | 21,813 |  | $ | 25,128 |  |  |  |
Of the total cost of $9.0 million incurred in the three months ended June 30, 2024 (June 30, 2023: $12.5 million), $8.0 million (June 30, 2023: $9.3 million) is recorded within selling, general and administration costs and $1.0 million (June 30, 2023: $3.2 million) is recorded within direct costs. Of the total cost of $21.8 million incurred in the six months ended June 30, 2024 (June 30, 2023: $25.1 million), $18.0 million (June 30, 2023: $19.3 million) is recorded within selling, general and administration costs and $3.8 million (June 30, 2023: $5.8 million) is recorded within direct costs. During the six months ended June 30, 2024 and June 30, 2023, costs incurred by the Group related to variable lease payments were de minimis. Right-of-use assets obtained, in exchange for lease obligations during the three months ended June 30, 2024, totaled $11.0 million (June 30, 2023: $10.2 million). Right-of-use assets obtained, in exchange for lease obligations during the six months ended June 30, 2024, totaled $46.6 million (June 30, 2023: $22.5 million). The weighted average remaining lease term and weighted-average discount rate at June 30, 2024 were 6.85 years and 3.71%, respectively. The weighted average remaining lease term and weighted-average discount rate at December 31, 2023 were 6.72 years and 3.29%, respectively. Future minimum lease payments under non-cancelable leases as of June 30, 2024 were as follows:
| (in thousands) |
Year 1 |  | $ | 42,160 |  |
Year 2 |  | 38,053 |  |
Year 3 |  | 32,707 |  |
Year 4 |  | 25,968 |  |
Year 5 |  | 18,176 |  |
Thereafter |  | 46,671 |  |
Total future minimum lease payments |  | 203,735 |  |
Lease imputed interest |  | (21,976) |  |
Total |  | $ | 181,759 |  |
Operating lease liabilities are presented as current and non-current. As at June 30, 2024, operating lease liabilities of $36.3 million have been included in Other liabilities (December 31, 2023: $36.4 million) and $145.5 million have been classified as Non-current Lease Liabilities (December 31, 2023: $126.3 million).

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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