as of december 31 , 2017 , the future minimum payments due under the lease financing obligation were as follows ( in thousands ) : years ending december 31 .
[['2018', '$ 6113'], ['2019', '6293'], ['2020', '6477'], ['2021', '6674'], ['2022', '6871'], ['thereafter', '5264'], ['total payments', '37692'], ['less : interest and land lease expense', '-21730 ( 21730 )'], ['total payments under facility financing obligations', '15962'], ['property reverting to landlord', '23630'], ['present value of obligation', '39592'], ['less : current portion', '-1919 ( 1919 )'], ['lease financing obligations non-current', '$ 37673']]
purchase commitments we outsource most of our manufacturing and supply chain management operations to third-party contract manufacturers , who procure components and assemble products on our behalf based on our forecasts in order to reduce manufacturing lead times and ensure adequate component supply .we issue purchase orders to our contract manufacturers for finished product and a significant portion of these orders consist of firm non-cancellable commitments .in addition , we purchase strategic component inventory from certain suppliers under purchase commitments that in some cases are non-cancellable , including integrated circuits , which are consigned to our contract manufacturers .as of december 31 , 2017 , we had non-cancellable purchase commitments of $ 195.1 million , of which $ 147.9 million was to our contract manufacturers and suppliers .in addition , we have provided deposits to secure our obligations to purchase inventory .we had $ 36.9 million and $ 63.1 million in deposits as of december 31 , 2017 and 2016 , respectively .these deposits are classified in 'prepaid expenses and other current assets' and 'other assets' in our accompanying consolidated balance sheets .guarantees we have entered into agreements with some of our direct customers and channel partners that contain indemnification provisions relating to potential situations where claims could be alleged that our products infringe the intellectual property rights of a third party .we have at our option and expense the ability to repair any infringement , replace product with a non-infringing equivalent-in-function product or refund our customers all or a portion of the value of the product .other guarantees or indemnification agreements include guarantees of product and service performance and standby letters of credit for leased facilities and corporate credit cards .we have not recorded a liability related to these indemnification and guarantee provisions and our guarantee and indemnification arrangements have not had any significant impact on our consolidated financial statements to date .legal proceedings optumsoft , inc .matters on april 4 , 2014 , optumsoft filed a lawsuit against us in the superior court of california , santa clara county titled optumsoft , inc .v .arista networks , inc. , in which it asserts ( i ) ownership of certain components of our eos network operating system pursuant to the terms of a 2004 agreement between the companies ; and ( ii ) breaches of certain confidentiality and use restrictions in that agreement .under the terms of the 2004 agreement , optumsoft provided us with a non-exclusive , irrevocable , royalty-free license to software delivered by optumsoft comprising a software tool used to develop certain components of eos and a runtime library that is incorporated .

Question: as of december 31 , 2017 , are future lease commitments greater than purchase commitments for contract manufacturers and suppliers?
Answer: yes