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Subsequent Event
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Event

NOTE 15. SUBSEQUENT EVENT

In July 2016, the Company entered into the Seventh Amendment to its lease agreement, as amended, for its corporate headquarters, pursuant to which it leased approximately 29,000 square feet of additional office space that it expects to occupy in early 2017. In connection with the execution of the Seventh Amendment, the Company will be delivering to the lessor an irrevocable standby letter of credit totaling $1.0 million in November 2016. The Seventh Amendment to the lease agreement expires in 2024, and the Company has an option to extend the lease term for an additional five years. As of July 2016, the Company leased a total of approximately 172,000 square feet of office space at its corporate headquarters pursuant to its lease agreement, as amended.

The future operating lease obligations from this amendment are as follows:

 

Years Ending December 31,

   Operating Lease  

Remainder of 2016

   $ —     

2017

     1,938   

2018

     2,383   

2019

     2,455   

2020

     2,528   

2021 and thereafter

     9,465   
  

 

 

 

Total minimum lease payments

   $ 18,769