v3.25.2
Commitments and Contingencies
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

12. 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 $93.1 million.

Future minimum payments under all operating lease agreements as of June 30, 2025 are as follows:
 

 

 

(in thousands)

 

Remainder of 2025

 

$

28,024

 

2026

 

 

55,510

 

2027

 

 

50,163

 

2028

 

 

37,387

 

2029

 

 

37,648

 

Thereafter

 

 

131,480

 

Total

 

$

340,212

 

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, 2025 are as follows:
 

 

 

(in thousands)

 

Remainder of 2025

 

$

92,301

 

2026

 

 

258,910

 

2027

 

 

194,432

 

2028

 

 

347

 

2029

 

 

 

Thereafter

 

 

 

Total

 

$

545,990

 

The Company also has commitments to contribute additional capital of $2.2 million to the Black Economic Development Fund.

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.