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Operating Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Operating Leases | Operating Leases Lease costs recorded under operating leases for the years ended December 31, 2024, 2023 and 2022 were as follows:
| Year ended
| December 31, 2024 | December 31, 2023 | December 31, 2022
| (in thousands)
Operating lease costs | $ | 46,466 |  | $ | 46,820 |  | $ | 53,880 |
Income from sub-leases | (1,614) |  | (1,103) |  | (1,165) |
Net operating lease costs | $ | 44,852 |  | $ | 45,717 |  | $ | 52,715 |
Of the total cost of $44.9 million incurred in the year ended December 31, 2024 (December 31, 2023, $45.7 million; December 31, 2022, $52.7 million), $37.2 million (December 31, 2023, $37.9 million; December 31, 2022, $48.3 million) is recorded within selling, general and administration costs and $7.7 million (December 31, 2023, $7.8 million; December 31, 2022, $4.4 million) is recorded within direct costs. Right-of-use assets obtained, in exchange for lease obligations, during the years ended December 31, 2024 and December 31, 2023 totaled $64.8 million and $37.7 million, respectively. During the years ended December 31, 2024, 2023 and 2022, impairments of operating right-of-use assets were recognized within restructuring charges for $13.8 million, $8.7 million, and $28.4 million, respectively, as part of an office consolidation program (see note 19. Restructuring Charges). The weighted average remaining lease term and weighted-average discount rate at December 31, 2024 were 6.56 years and 4.01%, 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 December 31, 2024 were as follows:
Minimum rental payments | (in thousands)
2025 | $ | 42,931
2026 | 38,445
2027 | 31,257
2028 | 24,156
2029 | 17,838
Thereafter | 45,047
Total future minimum lease payments | 199,674
Lease imputed interest | (22,806)
Total | $ | 176,868
Operating lease liabilities are presented as current and non-current. As at December 31, 2024, operating lease liabilities of $36.8 million have been included in Other liabilities (December 31, 2023: $36.4 million) and $140.1 million 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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