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Commitments
9 Months Ended
Sep. 30, 2013
Commitments

(8) Commitments

The Company has commitments for future payments related to office facilities leases and other contractual obligations. The Company leases its office facilities under operating lease agreements expiring through 2018. The Company recognizes rent expense under such agreements on a straight-line basis over the lease term with any lease incentive amortized as a reduction of rent expense over the lease term. The Company also has other contractual obligations expiring over varying time periods through 2016. Other contractual obligations primarily relate to minimum contractual payments due to distribution partners and other outside service providers (in thousands).

 

(in thousands)    Facilities
operating
leases
     Other
contractual
obligations
     Total  

2013

   $ 563       $ 1,081       $ 1,644   

2014

     2,288         2,288         4,576   

2015

     2,226         729         2,955   

2016

     2,266         451         2,717   

2017

     2,333         —           2,333   

2018

     577         —           577   
  

 

 

    

 

 

    

 

 

 

Total minimum payments

   $ 10,253       $ 4,549       $ 14,802   
  

 

 

    

 

 

    

 

 

 

 

Rent expense incurred by the Company was approximately $488,000 and $463,000 for the three months ended September 30, 2012 and 2013, respectively, and was $1.5 million and $1.4 million for the nine months ended September 30, 2012 and 2013, respectively.