XML 182 R21.htm IDEA: XBRL DOCUMENT v3.22.1
Commitment and Contingencies
 3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Operating Leases
The Company leases office facilities under noncancelable operating leases that expire at various dates through 2028. In addition, the Company has multi-year, non-cancelable commitments with its data centers. Some of these lease agreements contain escalating rent payments. Rent expense is recorded on a straight-line basis. Rent expense was $1,333 and $928 for the three months ended March 31, 2022 and 2021, respectively.
Future minimum amounts payable as of March 31, 2022, under the office facilities operating leases are as follows:
Operating Leases
Remainder of 2022
$3,081 
20232,930 
20242,013 
20251,629 
20261,663 
2027 and thereafter
633 
Total minimum lease payments
$11,949 
Capital Leases
During the three months ended March 31, 2022 and 2021, the Company entered into leases for certain data center equipment under non-cancelable capital leases. The lease arrangements have terms of 36 months beginning on the date the Company accepts the installation of the equipment subject to the lease. During the year ended December 31, 2021 and the three months ended March 31, 2022, a portion of the equipment was installed and their related leases commenced. The Company is required to make total payments of $7,074 over the term of the leases and has a remaining obligation of $4,970 as of March 31, 2022, which is excluded from the table above.
Future minimum amounts payable as of March 31, 2022, under non-cancelable capital leases related to the data center equipment are as follows:
Capital Leases
Remainder of 2022$1,768 
20232,358 
2024691 
2025153 
2026— 
2027 and thereafter
— 
Total future lease payments4,970 
Less: imputed interest(255)
Total$4,715 
Other
In addition to the lease commitments above, the Company also has multi-year commitments with certain data providers through March 31, 2026. The Company is committed to spend approximately $9,750, $8,591, and $8,500 for the remainder of the year ending December 31, 2022, and for the years ending December 31, 2023 and 2024, respectively, for data services.
Litigation
The Company, from time to time, may be party to litigation arising in the ordinary course of its business. The Company was not subject to any material legal proceedings during the three months
ended March 31, 2022, and, to the best of its knowledge, no material legal proceedings are currently pending or threatened.
Indemnification
The Company typically enters into indemnification agreements with customers in the ordinary course of business. Pursuant to these agreements, the Company indemnifies and agrees to reimburse the indemnified party for losses suffered or incurred as a result of claims of intellectual property infringement. These indemnification agreements are provisions of the applicable customer agreement. Based on when clients first sign an agreement for the Company’s service, the maximum potential amount of future payments the Company could be required to make under certain of these indemnification agreements is unlimited. Based on historical experience and information known as of March 31, 2022, the Company has not incurred any costs for the above guarantees and indemnities.