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COMMITMENTS
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2011
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| COMMITMENTS | NOTE D: COMMITMENTS AND CONTINGENCIES Operating Leases. We lease our corporate offices, warehouse facilities, and some of our office equipment. These leases are classified as operating leases as they do not meet the required capitalization criteria. The office and warehouse leases expire at various dates over the next twelve years. Minimum future rental commitments under non-cancelable operating leases as of December 31, 2011, in thousands of dollars, are as follows:
Rent expense charged to operations amounted to $4,170,000 in 2011, $4,511,000 in 2010, and $4,519,000 in 2009.
Legal Proceedings. We are subject to legal proceedings, claims and litigation arising in the ordinary course of business, including product liability and personal injury and intellectual property litigation. While the outcome of currently pending litigation is not yet determinable, based on the information currently available to us, we do not expect that any liabilities or costs that might be incurred to resolve these matters will have a material adverse effect on our financial condition, results of operations or cash flows. |
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