NOTE 11: COMMITMENTS AND CONTINGENCIES
Commitments
At the end of 2025, we had non-cancellable purchase commitments of approximately $519.3 million as compared to $470.7 million at the end of 2024. These non-cancellable purchase commitments primarily represent (i) various non-cancellable agreements with certain software and service providers with minimum or fixed commitments, and (ii) open non-cancellable purchase orders for purchases with our inventory vendors.
Litigation
There are no material legal proceedings.

Historical Timeline

Fiscal YearFiled
2026Feb 25, 2026Showing above
2025Apr 25, 2025
2023Feb 26, 2024
2022Feb 17, 2023
2021Feb 26, 2021
2020Feb 28, 2020
2018Feb 22, 2019
2017Feb 27, 2018
2016Feb 24, 2017

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.