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Commitments and Contingencies
9 Months Ended
Sep. 30, 2012
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
8. Commitments and Contingencies

The Company’s contractual commitments changed from the commitments and obligations disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 due to the acquisition of the TaxACT business and signing of a new office lease on July 19, 2012. The Company’s contractual commitments are as follows for the remainder of 2012 as of September 30, 2012, and for the following years ending December 31 (in thousands):

 

                                                                 
    2012     2013     2014     2015     2016     2017     Thereafter     Total  

Operating lease commitments

  $ 497     $ 1,520     $ 1,149     $ 1,186     $ 1,222     $ 1,259     $ 3,649     $ 10,482  

Less sublease income

    (22     (36     —         —         —         —         —         (58
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net lease payments required

    475       1,484       1,149       1,186     $ 1,222       1,259       3,649       10,424  

Purchase commitments

    488       882       300       142       92       61       —         1,965  

Debt commitments

    —         4,750       9,500       13,062       14,250       32,934       —         74,496  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 963     $ 7,116     $ 10,949     $ 14,390     $ 15,564     $ 34,254     $ 3,649     $ 86,885  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Litigation

From time to time the Company is subject to various legal proceedings or claims that arise in the ordinary course of business. Although the Company cannot predict the outcome of these matters with certainty, the Company’s management does not believe that the disposition of these ordinary course matters will have a material adverse effect on the Company’s financial position, results of operations, or cash flows.