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Leases | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | Leases The Company has operating and finance leases for office and warehouse facilities, headquarters, call centers, machinery and certain computer and communications equipment which provide the right to use the underlying assets in exchange for agreed upon lease payments, determined by the payment schedule contained in each lease. The Company’s lease portfolio consists primarily of operating leases which expire at various dates through 2032. In the second quarter of 2022, the Company recorded a Right of Use ("ROU") asset and related lease liability of $32.9 million related to a new distribution facility in Canada consisting of approximately 334,000 square feet. This lease has a 10 year term unless terminated earlier as provided in the lease. The Company has sublet approximately 127,000 square feet of this facility. The sublease is for a five year term, unless terminated earlier as provided in the agreement. The Company's operating lease costs, included in continuing operations, was $4.3 million and $3.6 million for the three months ended September 30, 2022 and 2021, respectively, and $11.2 million and $10.5 million for the nine months ended September 30, 2022 and 2021, respectively. The Company recorded sublease income related to the Canadian facility sublease of approximately $0.4 million for the quarter and nine months ended September 30, 2022. Information relating to operating leases for continuing and discontinued operations updated for the Canadian lease as of September 30, 2022 and December 31, 2021 :
|  | Nine Months Ended September 30, |  | Year Ended December 31, |
|  | 2022 |  | 2021 |
Weighted Average Remaining Lease Term |  |  |  |  |
Operating leases |  | 8.3 years |  | 8.1 years |
Weighted Average Discount Rate |  |  |  |  |
Operating leases |  | 5.3 | % |  | 5.2 | % |
ROU assets obtained in exchange for operating lease obligations (in millions) |  | $ | 32.9 |  |  | $ | 2.6 |  |
Maturities of lease liabilities were as follows (in millions):
Year Ending December 31 |  |  | Operating Leases |  |
2022 (adjusted for nine months of payments) |  |  | $ | 4.1 |  |  |
2023 |  |  | 17.3 |  |  |
2024 |  |  | 16.3 |  |  |
2025 |  |  | 15.3 |  |  |
2026 |  |  | 13.5 |  |  |
2027 |  |  | 11.3 |  |  |
Thereafter |  |  | 51.4 |  |  |
Total lease payments |  |  | 129.2 |  |  |
Less: interest |  |  | (27.7) |  |  |
Total present value of lease liabilities |  |  | $ | 101.5 |  |  |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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