LEASES

12 Months Ended

Dec. 31, 2022

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.

The Company's operating lease costs, included in continuing operations, was $15.4 million, $13.9 million and $13.1 million, for the years ended December 31, 2022, 2021 and 2020, respectively.

Information relating to operating leases for continuing and discontinued operations as of December 31, 2022 and, 2021:


	Year Ended December 31,
	2022			2021
Weighted Average Remaining Lease Term
Operating leases	8.2 years			8.1 years

Weighted Average Discount Rate
Operating leases	5.4		%	5.2		%

ROU assets obtained in exchange for operating lease obligations	$	34.5		$	2.6

Maturities of lease liabilities were as follows (in millions):


Year Ending December 31	Operating Leases
2023	$	17.7
2024	16.7
2025	15.7
2026	13.9
2027	11.7
Thereafter	52.5
Total lease payments	128.2
Less: interest	(26.7)
Total present value of lease liabilities	$	101.5

The Company currently leases its headquarters office facility from an entity owned by the Company’s principal shareholders. Total rent expense recorded to related parties was $1.0 million in 2022, 2021 and 2020.

During 2022, the Company entered into sublease agreements for certain unused and occupied facilities, related to continuing operations, which expire at various dates through 2027. The Company also has sublease agreements for certain unused facilities related to discontinued operations which expires in February 2023 and a sublease for excess space, related to continuing operations, which expires in August 2023. Total sublease income of $2.7 million, $1.3 million and $1.7 million was recorded for the years ended December 31, 2022, 2021 and 2020, respectively. Future rent streams related to sublease agreements consists of $2.5 million to be collected in less than one year, $5.1 million to be collected between one and three years and $0.8 million to be collected between three and five years.