LEASE COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

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 three months ended June 30, 2018 and 2017 was $0.8 million. The Company’s aggregate future minimum lease payments totaled $27.3 million.

The following table details the future lease payments:



Years Ending December 31,	Lease Commitments
	(dollars in thousands)
2018 (remaining)	$	1,782
2019	3,565
2020	3,652
2021	3,862
2022	3,862
Later years	10,619
Total	$	27,342

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 at June 30, 2018 and December 31, 2017.