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Commitments and Contingencies
6 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Purchase Obligations
At December 31, 2021, we had unrecorded commitments under contract of $306,904, including third-party web services of $97,982, inventory and third-party fulfillment purchase commitments of $31,813, software of $117,424, advertising of $22,868, production and computer equipment purchases of $21,162, professional and consulting fees of $4,581, and other unrecorded purchase commitments of $11,074.
Other Obligations
We deferred payments for several of our acquisitions resulting in the recognition of a liability of $52,677 as of December 31, 2021, of which $43,691 relates to the 99designs acquisition and is payable in February 2022. The remaining liability includes deferred payments related to our acquisition of Depositphotos which are payable in January and October 2022. Refer to Note 7 for additional details.
Legal Proceedings
We are not currently party to any material legal proceedings. Although we cannot predict with certainty the results of litigation and claims to which we may be subject from time to time, we do not expect the resolution of any of our current matters to have a material adverse impact on our consolidated results of operations, cash flows or financial position. For all legal matters, at each reporting period, we evaluate whether or not a potential loss amount
or a potential range of loss is probable and reasonably estimable under the provisions of the authoritative guidance that addresses accounting for contingencies. We expense the costs relating to our legal proceedings as those costs are incurred.