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Commitments
 12 Months Ended
Dec. 31, 2012
Commitments

(9) Commitments

The Company has various lease agreements for offices as well as long-term ground leases for its facilities at Axis, AL, Hannibal, MO and Marsing, ID. The office leases contain provisions to pass through to the Company its pro-rata share of certain of the building’s operating expenses. The long-term ground lease at Axis, AL is for twenty years (commencing May 2001) with up to five automatic renewals of three years each for a total of thirty-five years. The long-term ground lease at Hannibal, MO is for a period of 20 years (commencing December 2007) with automatic one year extensions thereafter, subject to termination with a twelve-month notice. The long-term ground lease at Marsing is for a period of 25 years (commencing in March 2008). Rent expense for the years ended December 31, 2012, 2011 and 2010 was $696, $550 and $392. Future minimum lease payments under the terms of the leases are as follows:

 

Year ending December 31,

       

2013

    $ 807   

2014

      817   

2015

      831   

2016

      423   

2017

      135   

Thereafter

      1,306   
  

 

 

  
   $ 4,319