Commitments and Contingencies
Legal matters
The Company is, from time to time, party to legal proceedings and subject to claims in the ordinary course of business. Although the outcome of legal proceedings and claims cannot be predicted with certainty, the Company currently believes that the resolution of any such matters will not have a material adverse effect on its business, operating results, financial condition, or cash flows.
Purchase obligations
The Company’s purchase obligations are primarily related to cloud-based hosting costs, business technology software and support, and sales and marketing activities. As of March 31, 2026, the future minimum payments for the Company’s purchase obligations were as follows (in thousands):
Fiscal Years Ending March 31,Amount
2027$152,459 
2028164,767 
2029103,787 
2030104,315 
Total purchase obligations$525,328 
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Historical Timeline

Fiscal YearFiled
2026May 20, 2026Showing above
2025May 22, 2025
2024May 23, 2024
2023May 25, 2023
2022May 26, 2022
2021May 28, 2021
2020May 27, 2020

About Commitments Disclosures

Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.

Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.