v3.24.2.u1
Commitments and Contingencies
6 Months Ended
Jun. 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 $77.2 million.

Included in the table below are various operating lease commitments for leases that have not yet commenced of approximately $4.1 million.

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

 

 

(in thousands)

 

Remainder of 2024

 

$

28,258

 

2025

 

 

56,432

 

2026

 

 

51,816

 

2027

 

 

46,866

 

2028

 

 

34,134

 

Thereafter

 

 

162,489

 

Total

 

$

379,995

 

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 June 30, 2024 are as follows:
 

 

 

(in thousands)

 

Remainder of 2024

 

$

123,037

 

2025

 

 

237,793

 

2026

 

 

236,789

 

2027

 

 

187,846

 

2028

 

 

184

 

Thereafter

 

 

—

 

Total

 

$

785,649

 

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.