15. Commitments and Contingencies Purchase Commitments As of January 31, 2020, the Company also has commitments for unfulfilled purchase orders for merchandise ordered from our vendors in the normal course of business, which are satisfied within 12 months, as well as commitments for products and services including information technology contracts, of $543,703. The majority of the Companys merchandise commitments are cancellable with no or limited recourse available to the vendor until the merchandise shipping date. As of January 31, 2020, the Company also has commitments related to construction and distribution equipment contracts that are fully satisfied upon the completion of construction or installation, which is primarily within 12 months, of $52,493. Benefit Plans Full and part-time U.S. based employees who are at least 18 years of age are eligible after three months of employment to participate in the Urban Outfitters 401(k) Savings Plan (the Plan). Under the Plan, employees can defer 1% to 25% of compensation as defined. Beginning January 1, 2019, the Company makes matching contributions in cash of $0.50 per employee contribution dollar on the first 6% of the employee contribution. Prior to January 1, 2019, the Company made matching contributions in cash of $0.25 per employee contribution dollar on the first 6% of the employee contribution. The employees contribution is 100% vested while the Companys matching contribution vests at 20% per year of employee service. The Companys contributions were $7,094, $3,549 and $2,602 for fiscal years 2020, 2019 and 2018, respectively. The NQDC provides certain employees who are limited in their participation under the Plan the opportunity to defer compensation as defined within the NQDC. Deferred compensation under the NQDC consists of elective deferral credits, if any, made by the participant and discretionary contribution credits made by the Company. Employee contributions are 100% vested on the contribution date and the Companys discretionary contribution is 100% vested upon crediting to participants accounts on an annual basis. The Company made a matching contribution of $56, $46 and $52 during fiscal years 2020, 2019 and 2018, respectively. The NQDC obligation was $ 8,428 and $ 6,751 as of January 31, 20 20 and 201 9 , respectively. The Company has purchased investments to fund the NQDC obligation. The investments had an aggregate market value of $ 8,428 and $ 6,751 as of January 31, 20 20 and 201 9 , respectively, and are included in Marketable securities in the Consolidated Balance Sheets (see Note 4, Marketable Securities). Contingencies The Company is party to various legal proceedings arising from normal business activities. Management believes that the ultimate resolution of these matters will not have a material adverse effect on the Companys financial position, results of operations or cash flows.