The Company leases its office facilities under non-cancelable operating leases that expire at various dates through May 2031. Lease 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. Improvement reimbursements from landlords of $13.8 million are being amortized on a straight-line basis into lease expense over the terms of the leases. Certain leases contain optional termination dates. The table below only includes payments up to the optional termination date. If the Company were to extended leases beyond the optional termination date the future commitments would increase by approximately $82.4 million.

Included in the table below are operating lease commitments for leases that have not yet commenced of approximately $104.3 million for facilities in the United States, Ireland, and Australia with lease terms of approximately 9, 12, and 3 years, respectively.

Future minimum payments under all operating and fiancé lease agreements as of March 31, 2019 are as follows:

	Operating		Finance
	(in thousands)
2019	$	21,826	178
2020		33,864	30
2021		36,178
2022		35,460
2023		35,619
Thereafter		183,294
Total	$	346,241	208
Less: Portion representing interest				(14	)
Capital lease obligation			194

In April 2019, the Company entered into a new 10 year lease in the U.S. Additionally, the Company entered into a new 3 year property lease in Singapore. In conjunction with the new Singapore lease existing leases were extended. The new leases commence through December 2019. The Company will pay an aggregate of approximately $31.2 million in incremental rent over the lease terms.

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, ASC 840, Leases, the future minimum payments under all operating and finance lease agreements as of December 31, 2018 are as follows:

	Operating		Finance
	(in thousands)
2019	$	27,755	$	298
2020		33,769		33
2021		35,414		—
2022		35,314		—
2023		35,686		—
Thereafter		184,341		—
Total	$	352,279		331
Less: Portion representing interest				(20	)
Capital lease obligation			$	311

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, 2018 and related notes thereto contained in the Company’s Annual Report on Form 10-K, except as disclosed below:

In March 2019, the Company exercised an option to extend an agreement with a technology vendor for an additional two years through June 2023. The Company’s additional contractual obligation under this agreement are approximately $57 million over the additional two years.

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.