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COMMITMENTS | 12 Months Ended
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Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract] |
COMMITMENTS | COMMITMENTS Operating Leases The Company leases office space used in connection with its operations under various operating leases, which contain escalation clauses. The Company's operating leases relate to its office space in Charlotte, North Carolina and Burlingame, California. Future minimum payments as of December 31, 2016 under operating lease agreements having an initial or remaining non-cancelable lease term in excess of one year are as follows (in thousands):
Year ending December 31, |  | Amount
2017 |  | $ | 1,374 |
2018 |  | 1,227 |
2019 |  | 1,025 |
2020 |  | 1,055 |
2021 |  | — |
Total |  | $ | 4,681 |
Rental expense for all operating leases, except those with terms of a month or less that were not renewed, charged to continuing operations was $1.6 million, $1.2 million and $1.1 million, for each of the years ended December 31, 2016, 2015 and 2014, respectively, and a majority of which is included in general and administrative expense in the consolidated statements of operations and comprehensive income. Bonds The Company has funding commitments that could potentially require performance in the event of demands by third parties or contingent events, as follows (in thousands):
| Commitments Due By Period
| Total |  | Less Than 1 year |  | 1-3 years |  | 3-5 years |  | More Than 5 years
Surety bonds (a) | $ | 4,293 |  |  | $ | 4,268 |  |  | $ | 25 |  |  | $ | — |  |  | $ | — |
Litigation bonds (b) | 140 |  |  | 140 |  |  | — |  |  | — |  |  | — |
Total | $ | 4,433 |  |  | $ | 4,408 |  |  | $ | 25 |  |  | $ | — |  |  | $ | — |
(a) State laws and regulations generally require businesses which engage in mortgage brokering activity to maintain a mortgage broker or similar license. Mortgage brokering activity is generally defined to include, among other things, receiving valuable consideration for offering assistance to a buyer in obtaining a residential mortgage or soliciting financial and mortgage information from the public and providing that information to an originator of residential mortgage loans. All states require that the Company maintain surety bonds for potential claims. (b) Bonds required for certain legal matters.

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.17) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.(a)(19)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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