23. Commitments

Wipro Commitment

In February 2018, the Joint Venture entered into an agreement with Wipro, LLC and Wipro Limited (jointly, “Wipro”). The original term of the agreement is ten years, with three one-year renewal options. We initially committed to purchase services from Wipro throughout the ten-year term in an aggregate amount of $1,000,000. Subsequently, in March 2020, the commitment was reduced to $975,000. Under the agreement, Wipro will provide professional services for information technology (including infrastructure, application development and maintenance), business process outsourcing, call center services and similar services. The commitment amount may be reduced if certain events occur. If we have not fully satisfied the commitment by the end of the initial ten-year term, we are required to pay Wipro 25% of the shortfall.

In connection with the agreement, we have incurred and expect to continue to incur severance costs related to the transition of services currently performed by us to Wipro. We record severance liabilities when we can reliably estimate the timing and amount of such future severance costs. Accrued severance costs associated with Wipro were not material as of March 31, 2021 and 2020.

Minimum Commitments

Future minimum commitments by fiscal year as of March 31, 2021 consist of the following:


	Payments by Period
	Total		2022		2023		2024		2025		2026		Thereafter
Operating lease obligations (1)	$	125,845	$	37,129	$	27,659	$	19,378	$	14,061	$	9,219	$	18,399
Finance lease obligations (1)		2,007		664		485		468		390		—		—
Purchase obligations (2)		1,130,094		201,077		165,802		189,835		172,494		140,330		260,556
Total contractual obligations	$	1,257,946	$	238,870	$	193,946	$	209,681	$	186,945	$	149,549	$	278,955

⁽¹⁾

We expect to receive $1,325 in the future under noncancelable subleases. See Note 7, Leases.

⁽²⁾

Amounts reflect our best estimate of the timing of future payments in instances when our commitment is for an aggregate amount of purchases over a multi-year period rather than specific annual commitments.