v3.25.2
LEASES
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Company has operating and finance leases for its office facilities, data centers, and certain vehicles, as well as finance leases for office equipment. The Company's leases have remaining terms up to nine 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 condensed consolidated statements of operations were as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
Operating lease costs:2025202420252024
Cost of revenues$1.8 $2.4 $4.8 $5.0 
Selling and marketing (excluding customer base amortization)3.3 3.5 7.2 7.4 
Software development1.2 1.9 3.2 3.6 
General and administrative2.0 1.9 3.3 3.3 
Total operating lease costs$8.3 $9.7 $18.5 $19.3 
Finance lease costs:
Amortization of ROU assets
1.2 1.1 2.4 2.3 
Interest on lease liabilities0.3 0.3 0.5 0.6 
Total finance lease costs
1.5 1.4 2.9 2.9 
Total lease costs
$9.8 $11.1 $21.4 $22.2 
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 revenues in the condensed consolidated statements of operations. The impact of lease costs related to short-term leases was not material for the three and six months ended June 30, 2025 and 2024.
Supplemental balance sheet information related to operating leases was as follows (in millions):
BalanceBalance Sheet LocationJune 30,
2025		December 31, 2024
Operating lease liabilities$125.0$138.9
Less: imputed interest17.018.2
Present value of lease liabilities108.0120.7
Less: current portion of lease liabilitiesLease liabilities20.627.0
Long-term lease liabilitiesLease and other long-term liabilities$87.4$93.7
Weighted-average remaining lease term in years5.65.6
Weighted-average discount rate4.4 %4.4 %
ROU Assets
Lease right-of-use assets
$93.8$103.0
Finance lease liabilities
$14.2$16.6
Less: imputed interest1.11.6
Present value of lease liabilities13.115.0
Less: current portion of lease liabilitiesLease liabilities5.25.0
Long-term lease liabilitiesLease and other long-term liabilities$7.9$10.0
Weighted-average remaining lease term in years2.53.0
Weighted-average discount rate6.4 %6.4 %
ROU Assets
Property and equipment, net
$13.4$15.7
Supplemental cash flow information related to leases was as follows (in millions):
Six Months Ended
June 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$20.8 $17.4 
Operating cash flows used in finance leases$0.5 $0.6 
Financing cash flows used in finance leases$2.0 $2.2 
ROU assets obtained in exchange for lease obligations:
Operating leases$2.7 $6.4 
Finance leases$0.1 $5.4 
LEASES LEASES
The Company has operating and finance leases for its office facilities, data centers, and certain vehicles, as well as finance leases for office equipment. The Company's leases have remaining terms up to nine 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 condensed consolidated statements of operations were as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
Operating lease costs:2025202420252024
Cost of revenues$1.8 $2.4 $4.8 $5.0 
Selling and marketing (excluding customer base amortization)3.3 3.5 7.2 7.4 
Software development1.2 1.9 3.2 3.6 
General and administrative2.0 1.9 3.3 3.3 
Total operating lease costs$8.3 $9.7 $18.5 $19.3 
Finance lease costs:
Amortization of ROU assets
1.2 1.1 2.4 2.3 
Interest on lease liabilities0.3 0.3 0.5 0.6 
Total finance lease costs
1.5 1.4 2.9 2.9 
Total lease costs
$9.8 $11.1 $21.4 $22.2 
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 revenues in the condensed consolidated statements of operations. The impact of lease costs related to short-term leases was not material for the three and six months ended June 30, 2025 and 2024.
Supplemental balance sheet information related to operating leases was as follows (in millions):
BalanceBalance Sheet LocationJune 30,
2025		December 31, 2024
Operating lease liabilities$125.0$138.9
Less: imputed interest17.018.2
Present value of lease liabilities108.0120.7
Less: current portion of lease liabilitiesLease liabilities20.627.0
Long-term lease liabilitiesLease and other long-term liabilities$87.4$93.7
Weighted-average remaining lease term in years5.65.6
Weighted-average discount rate4.4 %4.4 %
ROU Assets
Lease right-of-use assets
$93.8$103.0
Finance lease liabilities
$14.2$16.6
Less: imputed interest1.11.6
Present value of lease liabilities13.115.0
Less: current portion of lease liabilitiesLease liabilities5.25.0
Long-term lease liabilitiesLease and other long-term liabilities$7.9$10.0
Weighted-average remaining lease term in years2.53.0
Weighted-average discount rate6.4 %6.4 %
ROU Assets
Property and equipment, net
$13.4$15.7
Supplemental cash flow information related to leases was as follows (in millions):
Six Months Ended
June 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$20.8 $17.4 
Operating cash flows used in finance leases$0.5 $0.6 
Financing cash flows used in finance leases$2.0 $2.2 
ROU assets obtained in exchange for lease obligations:
Operating leases$2.7 $6.4 
Finance leases$0.1 $5.4