Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

Leases

The Company has various non-cancelable operating leases for its corporate and satellite offices primarily in the United States. These leases expire at various times through 2027. The table below presents supplemental balance sheet information related to the Company’s operating leases as follows:

	Classification	June 30, 2022			December 31, 2021
Assets:		(In millions)
Right-of-use asset	Other assets	$	13.6		$	8.9
Liabilities:
Current portion of lease liabilities	Other current liabilities	$	2.9		$	2.4
Long term portion of lease liabilities	Other long-term liabilities	$	11.8		$	6.5
Weighted-average remaining lease term (years)		4.7			4.2
Weighted-average discount rate (percentage)		4.4		%	3.7		%

Operating lease costs were $1.6 million and $2.9 million for the three and six months ended June 30, 2022, respectively. Operating lease costs were $1.0 million and $1.9 million for the three and six months ended June 30, 2021, respectively.

The table below reconciles the undiscounted cash flows of the operating leases for each of the first five years, and total of the remaining years, to the operating lease liabilities recorded on the condensed consolidated balance sheets as of June 30, 2022.

	June 30, 2022
	(In millions)
2022	$	1.7
2023	3.6
2024	3.4
2025	3.3
2026	3.0
2027 and thereafter	1.4
Total minimum lease payments	16.4
Less imputed interest	(1.7)
Total lease liabilities	$	14.7