LEASE COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

20. LEASE COMMITMENTS AND CONTINGENCIES

Commitments

In September 2014, the Company entered into a non-cancelable lease for office space which commenced in July 2014 and expires in September 2025. The lease expense for each of the quarters ended March 31, 2017 and 2016 was $0.8 million. The Company’s aggregate future minimum lease payments totaled $32.0 million.

The following table details the future lease payments:

Years Ending December 31,	Lease Commitments
	(dollars in thousands)
2017 (remaining)	$	2,773
2018		3,641
2019		3,565
2020		3,652
2021		3,862
Later years		14,480
	$	31,973

Contingencies

From time to time, the Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material effect on the Company’s consolidated financial statements. There were no material contingencies as of March 31, 2017 and December 31, 2016.