Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

Commitments and Contingencies
9 Months Ended
Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Inventory Purchase and Other Contractual Obligations
As of September 30, 2020, future minimum payments under inventory purchase and other obligations are as follows:
Inventory Purchase Obligations Other Obligations Total
2020 (3 months) $ 49,111  $ 4,233  $ 53,344 
2021 7,093  16,076  23,169 
2022 —  14,378  14,378 
2023 —  6,830  6,830 
Total minimum payments $ 56,204  $ 41,517  $ 97,721 

Other obligations consist of deferred payments related to the NanoSemi merger (Note 3) and contractual payments due for software licenses.

Our inventory purchase obligations and other obligations increased by $75.1 million to $97.7 million as of September 30, 2020, from $22.6 million as of December 31, 2019 primarily as a result of increased orders of software licenses and inventory placed with our vendors during the period, which is due in part to our 2020 acquisitions (Note 3).
Other Matters
From time to time, the Company is subject to threats of litigation or actual litigation in the ordinary course of business, some of which may be material. The Company believes that there are no currently pending litigation matters that, if determined adversely to the Company’s interests, would have a material effect on the Company’s financial position, results of operations, or cash flows or that would not be covered by the Company’s existing liability insurance.