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Commitments and Contingencies
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
As of March 31, 2024, the Company’s material contractual obligations were as follows:
(In thousands)TotalRemainder of 202420252026
Contractual obligations (1) (2)
    
Software licenses (3)
$20,591 $12,508 $8,083 $— 
Other contractual obligations644 376 131 137 
Acquisition retention bonuses (4)
879 551 328 — 
Total$22,114 $13,435 $8,542 $137 
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(1)    The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $116.0 million, including $30.4 million recorded as a reduction of long-term deferred tax assets and $85.6 million in long-term income taxes payable as of March 31, 2024. As noted below in Note 14, “Income Taxes,” although it is possible that some of the unrecognized tax benefits could be settled within the next 12 months, the Company cannot reasonably estimate the timing of the outcome at this time.
(2)    For the Company’s lease commitments as of March 31, 2024, refer to Note 9, “Leases.”
(3)    The Company has commitments with various software vendors for agreements generally having terms longer than one year.
(4)    In connection with the acquisitions of Hardent in the second quarter of 2022 and PLDA in the third quarter of 2021, the Company is obligated to pay retention bonuses to certain employees subject to certain eligibility and acceleration provisions, including the condition of employment.
From time to time, the Company indemnifies certain customers as a necessary means of doing business. Indemnification covers customers for losses suffered or incurred by them as a result of any patent, copyright, or other intellectual property (“IP”) infringement or any other claim by any third party arising as a result of the applicable agreement with the Company. The Company generally attempts to limit the maximum amount of indemnification that the Company could be required to make under these agreements to the amount of fees received by the Company, however, this may not always be possible. The fair value of the liability as of March 31, 2024 and December 31, 2023, respectively, was not material.