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Commitments
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Dec. 31, 2014
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| Commitments | (4) 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. Future minimum payments are approximately as follows (in thousands):
Rent expense incurred by the Company was approximately $2.0 million, $1.9 million and $1.9 million for the years ended December 31, 2012, 2013 and 2014, respectively. |
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