|
13. Commitments and Contingencies
We are involved in a variety of legal actions arising from the ordinary course of business. We do not believe the ultimate resolution of these matters will have a material effect on our financial statements. We maintain various insurance policies to protect our interests from legal and other claims.
We lease office and storage facilities under non-cancelable operating leases. Generally, these leases are for periods of three to ten years and usually contain one or more renewal options.
The table below summarizes our lease obligations for office and storage facilities, including amounts of escalating operating lease rental payments, at December 31, 2011 (in thousands):
|
|
|
|
|
|
Contractual Obligations |
|
Leases |
|
|
2012 |
|
$ |
13,152 |
|
|
2013 |
|
|
13,119 |
|
|
2014 |
|
|
11,429 |
|
|
2015 |
|
|
10,715 |
|
|
2016 |
|
|
10,314 |
|
|
Thereafter |
|
|
71,107 |
|
| |
|
|
|
|
Total |
|
$ |
129,836 |
|
| |
|
|
|
Rent expense, net of sublease rentals, totaled $9.2 million, $6.2 million and $6.5 million in 2011, 2010 and 2009, respectively. Sublease rentals were approximately $0.2 million, $0.2 million and $0.3 million in 2011, 2010 and 2009, respectively. |