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Commitments and Contingencies
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

15. COMMITMENTS AND CONTINGENCIES

Operating Leases—The Company leases office facilities over various terms expiring through 2030. Certain of these operating leases contain rent escalation clauses. The Company also has office equipment leases that expire through 2024. The following is a schedule of the future minimum lease payments by year under the leases as of December 31:

 

 

 

Rent

 

 

Office

Equipment

 

 

Total

 

2021

 

$

5,568

 

 

$

378

 

 

$

5,946

 

2022

 

 

4,572

 

 

 

293

 

 

 

4,865

 

2023

 

 

3,043

 

 

 

103

 

 

 

3,146

 

2024

 

 

1,784

 

 

 

28

 

 

 

1,812

 

2025 and thereafter

 

 

4,954

 

 

 

 

 

 

4,954

 

Total

 

$

19,921

 

 

$

802

 

 

$

20,723

 

 

Total rent expense under operating leases for the years ended December 31, 2020, 2019, and 2018 was $8.7 million, $7.6 million and $6.7 million, respectively.

Other Commitments—The Company has commitments under its loan facilities and capital lease obligations (Note 13).

Contingencies—The Company is subject to purchase price contingencies related to earn-outs associated with certain acquisitions (Note 7 and 14).

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 consolidated results of operations, financial position or cash flows of the Company.