INSPERITY, INC.NSP

INSPERITY, INC. Leases Disclosure

10-KFiled Feb 11, 20262 min read
11.Leases
We have operating leases for office space, other operating facilities, vehicles and office equipment. Our fixed operating lease costs for 2025, 2024 and 2023 were $24 million, $20 million, and $19 million, respectively, and are included in general and administrative expenses on our Consolidated Statements of Operations. Lease costs for 2025 includes $3 million of accelerated lease costs related to the consolidation of sales offices during the year. During 2025, cash paid for amounts included in the measurement of operating lease liabilities was $24 million.
The following table presents the lease balances within our Consolidated Balance Sheets, weighted average lease term
and weighted average discount rates related to our operating leases:
(dollars in millions)
Classification in Consolidated Balance Sheets
December 31, 2025
Lease liabilities:
Current operating lease liabilitiesOther accrued liabilities$19 
Long-term operating lease liabilitiesOperating lease liabilities, net of current66 
Total operating lease liabilities85 
Less:
Landlord funded tenant improvements10 
Deferred rent12 
Operating lease ROU assetsRight-of-use leased assets$63 
Weighted average remaining lease term
5 years
Weighted average discount rate5 %
The following presents the maturity of our operating lease liabilities as of December 31, 2025:
(in millions)
Operating Leases
2026$23 
202722 
202818 
202912 
20309 
Thereafter13 
Total remaining obligation97 
Less imputed interest12 
Present value of lease liabilities$85 
As of December 31, 2025, we have additional operating leases that have not yet commenced of $5 million with lease terms between six and seven years.

Historical Timeline

Fiscal YearFiled
2025Feb 11, 2026Showing above
2023Feb 9, 2024
2022Feb 10, 2023
2021Feb 11, 2022
2019Feb 12, 2020
2018Feb 11, 2019

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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