Commitments and Contingencies

6 Months Ended

Jun. 30, 2018

Commitments And Contingencies Disclosure [Abstract]

10. Commitments and Contingencies

Contractual Obligations

The Company leases its office facilities under non-cancelable operating leases that expire at various dates through October 2027. Rent expense for non-cancellable operating leases with free rental periods or scheduled rent increases is recognized on a straight-line basis over the terms of the leases.

Future minimum payments under all operating lease agreements as of June 30, 2018 are as follows:

	Operating
	(in thousands)
2018	$	11,185
2019		23,569
2020		24,900
2021		27,327
2022		27,478
Thereafter		139,078
Total	$	253,537

There were no material changes in our vendor commitments under non-cancelable arrangements, as disclosed in the Company’s audited consolidated financial statements for the year ended December 31, 2017 and related notes thereto contained in the Company’s Annual Report on Form 10-K, except as disclosed below:

In July 2018, the Company entered into a three year renewal agreement with a web hosting vendor with an option to extend for an additional two year term. The Company’s contractual obligation under this agreement are approximately $48 million over the initial three year term.

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.