10. Commitments and Contingencies Contractual Obligations The Company leases its office facilities under non-cancelable operating leases that expire at various dates through May 2031. Lease expense for non-cancelable operating leases with free rental periods or scheduled rent increases is recognized on a straight-line basis over the terms of the leases. Improvement reimbursements from landlords of $13.8 million are being amortized on a straight-line basis into lease expense over the terms of the leases. Certain leases contain optional termination dates. The table below only includes payments up to the optional termination date. If the Company were to extend leases beyond the optional termination date the future commitments would increase by approximately $80.2 million. Included in the table below are operating lease commitments for leases that have not yet commenced of approximately $41.3 million for facilities with lease terms of approximately 10 years in the United States, 4 years in Singapore, and 1 year in Colombia. Future minimum payments under all operating and finance lease agreements as of September 30, 2019 are as follows: Operating Finance (in thousands) 2019 $ 7,326 57 2020 36,782  2021 39,957  2022 39,875  2023 39,542  Thereafter 194,274  Total $ 357,756 57 Less: Portion representing interest  Capital lease obligation 57 In October 2019, the Company entered into a new 10 year lease in Germany. The new lease commences on or near June 1, 2020. The Company will pay an aggregate of approximately $29.1 million in incremental rent over the lease term. As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, ASC 840, Leases , the future minimum payments under all operating and finance lease agreements as of December 31, 2018 are as follows: Operating Finance (in thousands) 2019 $ 27,755 $ 298 2020 33,769 33 2021 35,414  2022 35,314  2023 35,686  Thereafter 184,341  Total $ 352,279 331 Less: Portion representing interest (20 ) Capital lease obligation $ 311 There were no material changes in our vendor commitments under non-cancelable arrangements, as disclosed in the Companys audited consolidated financial statements for the year ended December 31, 2018 and related notes thereto contained in the Companys Annual Report on Form 10-K, except as disclosed below: In March 2019, the Company exercised an option to extend an agreement with a technology vendor for an additional two years through June 2023. The Companys additional contractual obligation under this agreement are approximately $57 million over the additional two years. Legal Contingencies From time to time, the Company may become a party to litigation and subject to claims incident to the ordinary course of business, including intellectual property claims, labor and employment claims, and threatened claims, breach of contract claims, tax, and other matters. The Company currently has no material pending litigation.