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Commitments and Contingencies
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

10. Commitments and Contingencies

Contractual Obligations

The Company leases its office facilities under non-cancelable operating leases that expire at various dates through February 2035. Certain leases contain optional termination dates. The table below only includes payments up to the optional termination date. If the Company were to extend leases beyond the optional termination date, the future commitments would increase by approximately $77.8 million.

Future minimum payments under all operating lease agreements as of March 31, 2024 are as follows:
 

 

 

(in thousands)

 

Remainder of 2024

 

$

41,165

 

2025

 

 

53,550

 

2026

 

 

50,824

 

2027

 

 

46,767

 

2028

 

 

34,280

 

Thereafter

 

 

162,721

 

Total

 

$

389,307

 

The Company has entered into certain non-cancelable vendor commitments, which require the future purchase of goods or services. Future minimum payments under all non-cancelable vendor commitments as of March 31, 2024 are as follows:
 

 

 

(in thousands)

 

Remainder of 2024

 

$

171,338

 

2025

 

 

233,827

 

2026

 

 

232,716

 

2027

 

 

187,846

 

2028

 

 

184

 

Thereafter

 

 

-

 

Total

 

$

825,911

 

Legal Contingencies

From time to time, the Company may become a party to litigation and subject to claims incident to the ordinary course of business, including intellectual property claims, labor and employment claims, and threatened claims, breach of contract claims, tax, and other matters. The Company currently has no material pending litigation.