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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies [Abstract]

Table presents our estimated future minimum rental payments under operating leases with non-cancelable lease terms


2013		$	6,730
2014			5,312
2015			3,124
2016			1,279
2017 and thereafter			7,337

Total		$	23,782

Table summarizes our material contractual obligations, commercial commitments and outstanding debt


						By Period
		Total				Less than 1 year				1 to 3 years				3 to 5 years				More than 5 years
		(In thousands)
Operating leases		$	23,782			$	6,730			$	8,436			$	2,558			$	6,058
Purchase obligations			1,441				586				747				108				—
Expected interest payments on Term Loan (1)			25,029				7,519				12,566				4,944				—

Total (2)		$	50,252			$	14,835			$	21,749			$	7,610			$	6,058

(1)

The amounts included as expected interest payments on the Term Loan in this table are based on the current effective interest rate and payment terms as of December 31, 2012, but, could change significantly in the future. Amounts assume that our existing debt is repaid at maturity and do not assume additional borrowings or refinancings of existing debt.

(2)

In connection with the Spin-Off, we assumed Expedia’s obligation to fund a charitable foundation. The Board of Directors of the charitable foundation is currently comprised of Stephen Kaufer- President and Chief Executive Officer, Julie M.B. Bradley-Chief Financial Officer and Seth J. Kalvert- Senior Vice President, General Counsel and Secretary. Our obligation was calculated at 2.0% of OIBA in 2012 and is expected to be calculated at 2.0% of Adjusted EBITDA for subsequent years. For a discussion regarding OIBA and Adjusted EBITDA see “Note 17—Segment Information” below. This future commitment has been excluded from the table above.