Commitments and Contingencies |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies | Commitments and contingencies Litigation In the ordinary course of the Company’s business, the Company regularly becomes involved in contract and other negotiations and, in more limited circumstances, becomes involved in legal proceedings, claims and litigation. The outcomes of these matters are inherently unpredictable. The Company is not currently involved in any outstanding litigation that it believes, individually or in the aggregate, will have a material adverse effect on its business, financial condition, results of operations or cash flows. Purchase commitments In the ordinary course of business, the Company enters in various purchase commitments for goods and services. In June 2017, the Company entered in a noncancellable agreement with a computing infrastructure vendor that expires on June 30, 2020. The purchase commitment as of December 31, 2017 was $19.7 million for the remaining period under the three-year agreement. Indemnification The Company’s software agreements generally include certain provisions for indemnifying customers against liabilities if the Company’s software solutions infringe a third party’s intellectual property rights. To date, the Company has not incurred any losses as a result of such indemnifications and has not accrued any liabilities related to such obligations in the Company’s Consolidated Financial Statements. Lease commitments The Company leases office space and office equipment under non-cancellable operating leases that expire at various dates. The Company incurred approximately $3.9 million, $4.1 million and $3.5 million of total rent expense for the years ended December 31, 2017, 2016 and 2015, respectively. As of December 31, 2017, the future minimum lease commitments related to lease agreements were as follows:
The Company's headquarters are located in Houston, Texas, where it leases approximately 98,000 square feet of office space. In June 2016, the Company entered into a fifth amendment to this corporate office lease (the "Fifth Lease Amendment"). The Fifth Lease Amendment, among other things, provides for a three year extension, until October 31, 2019, unless earlier terminated or extended pursuant to the terms of the lease. The Company also has smaller regional offices, including in London, England; Toulouse, France; San Francisco, California; and Sofia, Bulgaria. The Company leases approximately 3,000 square feet of office space in London, approximately 14,000 square feet of space in Toulouse, approximately 6,600 of space in San Francisco, and approximately 23,000 square feet of space in Sofia. As a result of the Vayant acquisition in August 2017, the Company assumed an operating lease in Sofia, Bulgaria that expires in early 2018. In August 2017, the Company entered into a new operating lease in Sofia to replace the expiring Sofia lease. The new lease expires in January 2023. The Company had no capital leases at December 31, 2017 and 2016. |
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