Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.3.1.900
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Assets under Capital Lease
 
 
December 31,
 
 
2015
 
2014
 
 
(in thousands)
Software
 
$
1,977

 
$
1,977

Less: Accumulated amortization
 
(1,694
)
 
(1,110
)
Assets under capital lease, net
 
$
283

 
$
867

Future Minimum Rental Payments for Capital Leases
The future minimum lease payments required under the capital lease and the present value of the net minimum lease payments as of December 31, 2015 were as follows, in thousands:
2016
$
294

Thereafter

Total minimum lease payments
294

Less amount representing average interest of 2.2%
(2
)
 
292

Less current portion
(292
)
Long-term portion
$

Future Minimum Rental Payments for Operating Leases
Minimum annual rental commitments under non-cancellable operating leases and total minimum rentals to be received under non-cancellable subleases were as follows at December 31, 2015:
 
Minimum Lease Commitments
 
Sublease Income
 
Net Lease Commitments
 
(in thousands)
2016
$
10,148

 
$
354

 
$
9,794

2017
9,721

 
140

 
9,581

2018
9,800

 

 
9,800

2019
9,143

 

 
9,143

2020
7,482

 

 
7,482

Thereafter
55,732

 

 
55,732

 
$
102,026

 
$
494

 
$
101,532