INSPERITY INC
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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FY2023 · Filed Feb 9, 2024
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“Commitments and Contingencies,”
| 12. | Commitments and Contingencies |
We enter into fixed purchase and service obligations in the ordinary course of business. These arrangements primarily consist of advertising commitments and service contracts. At December 31, 2023, future purchase and service obligations greater than $100,000 and one year were as follows:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| (in thousands) | |
|---|---|
| 2024 | $33,472 |
| 2025 | 21,622 |
| 2026 | 7,552 |
| 2027 | 3,113 |
| 2028 | 3,159 |
| Thereafter | — |
| Total obligations | $68,918 |
Litigation
We are a defendant in various lawsuits and claims arising in the normal course of business. Management believes it has valid defenses in these cases and is defending them vigorously. While the results of litigation cannot be predicted with certainty, management believes the final outcome of such litigation will not have a material adverse effect on our financial position or results of operations.
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