Commitments and Contingencies

6 Months Ended

Jun. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

10. Commitments and Contingencies

As of June 30, 2025, the Company’s material contractual obligations were as follows:


(In thousands)	Total		Remainder of 2025		2026		2027		2028
Contractual obligations (1) (2)
Software licenses (3)	$	37,981	$	7,032	$	13,605	$	12,997	$	4,347
Other contractual obligations		203		65		138		—		—
Total	$	38,184	$	7,097	$	13,743	$	12,997	$	4,347

(1)

The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $143.8 million, including $23.6 million recorded as a reduction of long-term deferred tax assets and $120.2 million in long-term income taxes payable as of June 30, 2025. As noted below in Note 13, “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 June 30, 2025, refer to Note 9, “Leases.”

(3)

The Company has commitments with various software vendors for agreements generally having terms longer than one year.

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 June 30, 2025 and December 31, 2024, respectively, was not material.