LEASES |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LEASES | LEASES The Company's leases include office real estate and data center leases for its facilities worldwide, which are all classified as operating leases, and which expire on various dates, the latest of which is December 2035. Certain lease agreements include rental payments that are adjusted periodically for the consumer price index ("CPI"). The Company’s ROU assets and lease liabilities were calculated using the initial CPI and will not be subsequently adjusted. Certain leases include renewal options that management believes are reasonably certain to be exercised. The following is a summary of weighted average remaining lease terms and discount rates for all of the Company's operating leases:
Total operating lease expense was $6.8 million and $5.1 million during the three months ended June 30, 2025 and 2024, respectively, and $13.0 million and $11.1 million during the six months ended June 30, 2025 and 2024, respectively. Cash paid for amounts included in the measurement of operating lease liabilities was $6.3 million and $5.3 million during the three months ended June 30, 2025 and 2024, respectively, and $13.5 million and $11.6 million during the six months ended June 30, 2025 and 2024, respectively. Maturities of lease liabilities are as follows as of June 30, 2025 (in millions):
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