DoubleVerify Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

Commitments and Contingencies

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies.

Commitments and Contingencies

13. Commitments and Contingencies

Accrued Expense

Accrued expenses as of March 31, 2022 and December 31, 2021 were as follows:


	As of
(in thousands)	March 31, 2022		December 31, 2021
Vendor payments	$	3,478	$	3,639
Employee commissions and bonuses		11,019		13,324
Payroll and other employee related expense		10,071		18,879
401k and pension expense		565		1,775
Other taxes		1,057		1,026
Other costs (a)		—		2,813
Total accrued expense	$	26,190	$	41,456

(a)

Includes accrued expense related to the early termination of the Zentrick Deferred Payment Terms, as described in Note 4, Business Combinations.

Contingencies

From time to time, the Company is subject to various legal proceedings and claims, either asserted or unasserted, that arise in the ordinary course of business. The Company records liabilities for contingencies including legal costs when it is probable that a liability has been incurred and when the amount can be reasonably estimated. Legal costs are expensed as incurred. Although the outcome of the various legal proceedings and claims cannot be predicted with certainty, management does not believe that any of these proceedings or other claims will have a material effect on the Company’s business, financial condition, results of operations or cash flows.