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Commitments and Contingencies
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
As of December 31, 2024, the Company’s material contractual obligations were as follows:
(In thousands)Total20252026202720282029
Contractual obligations (1) (2)
Software licenses (3)
$12,034 $9,675 $1,484 $875 $— $— 
Other contractual obligations 268 131 137 — — — 
Acquisition retention bonuses (4)
260 260 — — — — 
Total$12,562 $10,066 $1,621 $875 $— $— 
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(1)    The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $132.2 million, including $22.8 million recorded as a reduction of long-term deferred tax assets and $109.4 million in long-term income taxes payable, as of December 31, 2024. As noted below in Note 18, “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 December 31, 2024, refer to Note 10, “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.
Indemnifications
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 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 December 31, 2024 and 2023, respectively, was not material.