The Company has contractual obligations and commitments in the form of finance leases, operating leases and purchase commitments.

At December 31, 2024, the Company was committed under non-cancellable operating lease agreements requiring minimum annual rentals payable as follows (in thousands):


	Amount
2025	$	36,094
2026		28,798
2027		25,324
2028		20,381
2029		14,988
Thereafter		21,763
Total	$	147,348

Rent expense was $42.5 million, $37.2 million, and $33.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. Management expects that in the normal course of business, leases will be renewed or replaced as they expire. Finance and operating leases are discussed further in Note 4, "Leases."

Purchase commitments related to capital expenditures were $27.6 million at December 31, 2024. As of December 31, 2024 and 2023, the Company had $24.4 million and $50.9 million, respectively, of capital expenditures accrued for in accounts payable.

The Company is subject to legal proceedings that arise in the ordinary course of its business. Management believes that adequate provisions for resolution of all contingencies, claims and pending litigation have been made for probable and estimable losses and that the ultimate outcome of these actions will not have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations in a given quarter or annual period.