XML 34 R17.htm IDEA: XBRL DOCUMENT v3.24.0.1
Commitments and Contingencies
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Leases
We are engaged in a lease agreement for our current headquarters located in Minneapolis, Minnesota where we lease approximately 198,000 square feet under an agreement that expires in 2027. The lease also has two options to extend the term for five years each at a market rate determined in accordance with the lease. We lease other smaller facilities across the U.S. and international locations.
The components of lease expense were as follows:
Year Ended December 31,
(in thousands)202320222021
Operating lease cost$3,123 $3,087 $3,089 
Variable lease cost3,771 3,576 3,660 
$6,894 $6,663 $6,749 
Supplemental cash flow information related to leases was as follows:
December 31,
(in thousands)20232022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$5,022 $4,639 
Right-of-use assets obtained in exchange for operating lease liabilities1,147 934 
Supplemental balance sheet information related to operating leases was as follows:
December 31, 2023December 31, 2022
Weighted-average remaining lease term3.1 years3.9 years
Weighted-average discount rate4.0 %4.0 %
At December 31, 2023, our future minimum payments under operating leases were as follows:
(in thousands)
2024$4,910 
20254,694 
20263,947 
20271,299 
202825 
Thereafter76 
Total future gross payments14,951 
Less: imputed interest(922)
Total operating lease liabilities$14,029 
Purchase Commitments
We have entered into separate noncancelable agreements with computing infrastructure, productivity software, customer relationship management, and performance and security data analytics vendors for services through 2026. At December 31, 2023, our remaining purchase commitments and estimated purchase timing were as follows:
(in thousands)
2024$14,536 
202514,186 
20266,342 
Total remaining purchase commitments$35,064 
Contingencies
We may be involved in various claims and legal actions in the normal course of business. We believe that the outcome of any such claim or legal action is not expected to have a material adverse effect on our financial position or results of operations.