Commitments And Contingencies

12 Months Ended

Dec. 31, 2011

Commitments And Contingencies [Abstract]

Commitments And Contingencies

NOTE 15

Commitments and Contingencies

The Company leases office space and equipment under non-cancelable leases. Rent expense totaled approximately $1.1 million, $1.1 million and $1.5 million during the years ended December 31, 2011, 2010 and 2009, respectively. Amortization of assets recorded under capital leases was included in depreciation expense. Minimum future payments for all capital and operating leases as of December 31, 2011 are as follows (in thousands):

Year	Capital Leases			Operating Leases
2012	$	983		$	4,438
2013		1,012			4,380
2014		608			4,098
2015		—			3,924
2016		—			3,894
Thereafter		—			29,837
		2,603		$	50,571
Less executory costs		(1,985	)
Net minimum lease payments		618
Less amounts representing interest		(61	)
Present value of net minimum lease payments		557
Less current portion of obligations under capital leases		(196	)
Long-term portion of obligations under capital leases	$	361

In connection with the sale of Fisher Plaza to Hines, the Company entered into a Lease with Hines pursuant to which the Company leased 121,000 rentable square feet of Fisher Plaza for use for the Company's corporate headquarters and its Seattle television, radio and internet operations. The Lease has an initial term that expires on December 31, 2023 and the Company has the right to extend the term for three successive five-year periods. The minimum future payments related to the Lease are included in the minimum future payments for operating leases in the above table.

As discussed in Note 3, the Company also entered into a Reimbursement Agreement with Hines whereby the Company may be required to reimburse Hines up to $1.5 million if the power and/or chiller consumption by certain existing Plaza tenants, including the Company, exceeds specified levels and Hines is required to install additional power and/or chiller facilities. This Reimbursement Agreement expires on the expiration of the Lease's initial term.

The current portion of obligations under capital lease is included in other current liabilities in the consolidated balance sheet at December 31, 2011, while the long-term portion is included in other liabilities.

The Company is subject to certain legal proceedings that have arisen in the ordinary course of its business. Management does not anticipate that disposition of any current proceedings will have a material effect on the consolidated financial position, results of operations or cash flows of the Company.