Operating leases |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating leases | Operating leases Lease costs recorded under operating leases for three and six months ended June 30, 2025 and June 30, 2024 were as follows:
Of the total cost of $10.6 million incurred in the three months ended June 30, 2025 (June 30, 2024: $9.0 million), $9.2 million (June 30, 2024: $8.0 million) is recorded within selling, general and administration costs and $1.4 million (June 30, 2024: $1.0 million) is recorded within direct costs. Of the total cost of $21.0 million incurred in the six months ended June 30, 2025 (June 30, 2024: $21.8 million), $18.1 million (June 30, 2024: $18.0 million) is recorded within selling, general and administration costs and $2.9 million (June 30, 2024: $3.8 million) is recorded within direct costs. During the three and six months ended June 30, 2025 and June 30, 2024, costs incurred by the ICON 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, 2025, totaled $2.8 million (June 30, 2024: $11.0 million). Right-of-use assets obtained, in exchange for lease obligations during the six months ended June 30, 2025, totaled $9.8 million (June 30, 2024: $46.6 million) The weighted average remaining lease term and weighted-average discount rate at June 30, 2025 were 6.02 years and 3.97%, respectively. The weighted average remaining lease term and weighted-average discount rate at December 31, 2024 were 6.56 years and 4.01%, respectively. Future minimum lease payments under non-cancelable leases as of June 30, 2025 were as follows:
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