BORROWINGS

3 Months Ended

Mar. 31, 2026

Vendor financing arrangements—The Company has various vendor financing arrangements with extended payment terms on the purchase of software licenses and equipment. In order to determine the present value of the commitments, the Company used an imputed interest rate of 7.0%, which is an estimate based on the Company’s collateralized borrowing rate.

Expected cash flows related to vendor financing arrangements as of March 31, 2026 were as follows (in thousands):


Fiscal year ending December 31,	Amount
Remainder of 2026	$	870
2027	500
Total undiscounted cash flows	1,370
Less: Imputed interest	(89)
Present value of vendor financing arrangements	$	1,281

Vendor financing arrangements, current	$	829
Vendor financing arrangements, noncurrent	452
	$	1,281

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details