Commitments And Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

COMMITMENTS AND CONTINGENCIES

Operating Leases

During 2014, the Company leased office facilities, filming locations, and equipment under operating lease agreements. Leases for the Company’s offices and facilities expire between 2015 and 2018, and some of these leases are subject to the Company’s renewal. Total rent expense charged to operations for all such leases, was approximately $7.9 million, $9.7 million and $12.3 million for 2014, 2013, and 2012, respectively, net of sublease income of $0.7 million in 2012. There was no sublease income recognized in 2014 and 2013. The Company’s 2012 operating leases included its television production facilities and television administrative offices, which were terminated during 2012. Rent expense for operating leases, which may include free rent or fixed escalation amounts in addition to minimum lease payments, is recognized on a straight-line basis over the duration of each lease term.

The following is a schedule of future minimum payments under operating leases at December 31, 2014. The table includes total minimum lease payment commitments which include rent and other charges:

(in thousands)	Operating Lease Payments		Sublease Receipts *		Net Operating Lease Payments
2015	$	8,566	$	542	$	8,024
2016	8,562		538		8,024
2017	7,602		—		7,602
2018	554		—		554
Total	$	25,284	$	1,080	$	24,204

* The Company subleased certain properties at a loss. These losses were recognized at the time the sublease was executed and accordingly, the Company does not recognize any rent expense or offsetting sublease receipts for the remainder of the sublease agreements. The table above provides the total minimum cash lease payments and cash receipts for future periods.

Legal Matters

The Company is party to legal proceedings in the ordinary course of business, including product liability claims for which the Company is indemnified by its licensees. None of these proceedings is deemed material.

Other

See Note 8, Credit Facilities, for discussion of the Company’s line of credit with Bank of America.