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CAPITAL LEASES
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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| Capital Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| CAPITAL LEASES | NOTE H – CAPITAL LEASES
We record leases in which we have substantially all of the benefits and risks of ownership as capital leases and all other leases as operating leases. For leases determined to be capital leases, we record the assets held under capital lease and related obligations at the lesser of the present value of aggregate future minimum lease payments or the fair value of the assets held under capital lease. We amortize the assets over the lease term.
During 2013, we entered into capital leases for computer and network equipment having a value of $0.7 million and expiring in 2015. Future minimum capital lease payments and the present value of the net minimum lease payments for all capital leases as of September 30, 2013 are as follows (in thousands):
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