XML 32 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments and Contingencies
9 Months Ended
Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

14. COMMITMENTS AND CONTINGENCIES

Operating Leases—The Company leases office facilities over various terms expiring through 2028. Certain of these operating leases contain rent escalation clauses. The Company also has office equipment leases that expire through 2025. The following is a schedule of the future minimum lease payments by year under the leases as of September 30, 2020:

 

September 30,

 

Rent

 

 

 

 

Office

Equipment

 

 

Total

 

2021

 

$

5,863

 

 

 

 

$

332

 

 

$

6,195

 

2022

 

 

4,865

 

 

 

 

 

327

 

 

 

5,192

 

2023

 

 

2,961

 

 

 

 

 

129

 

 

 

3,090

 

2024

 

 

1,410

 

 

 

 

 

39

 

 

 

1,449

 

2025 and thereafter

 

 

1,385

 

 

 

 

 

1

 

 

 

1,386

 

 

 

$

16,484

 

 

 

 

$

828

 

 

$

17,312

 

 

Total rent expense under operating leases was $2.2 and $6.4 for the three and nine months ended September 30, 2020, respectively, and $2.0 and $5.6 for the three and nine months ended September 30, 2019, respectively

Other Commitments—The Company has commitments under the New Credit Facility, its equipment line of credit and its capital lease obligations (Note 12).

Contingencies—The Company is subject to purchase price contingencies related to earn-outs associated with certain acquisitions (Note 6).

Legal—In the normal course of business, the Company is at times subject to pending and threatened legal actions. In management’s opinion, any potential loss resulting from the resolution of these matters is not expected to have a material effect on the condensed consolidated results of operations, financial position or cash flows of the Company.