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Commitments and Contingencies
9 Months Ended
Sep. 30, 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 $80.4 million.

Included in the table below is an operating lease commitment for a lease that has not yet commenced of approximately $5.7 million.

Future minimum payments under all operating lease agreements as of September 30, 2024 are as follows:
 

 

 

(in thousands)

 

Remainder of 2024

 

$

14,316

 

2025

 

 

57,458

 

2026

 

 

54,136

 

2027

 

 

48,981

 

2028

 

 

36,220

 

Thereafter

 

 

164,571

 

Total

 

$

375,682

 

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 September 30, 2024 are as follows:
 

 

 

(in thousands)

 

Remainder of 2024

 

$

42,120

 

2025

 

 

236,930

 

2026

 

 

236,800

 

2027

 

 

187,846

 

2028

 

 

184

 

Thereafter

 

 

 

Total

 

$

703,880

 

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.