Commitments and Contingencies

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Contractual Obligations

The Company leases facilities and certain equipment under agreements accounted for as operating leases. These leases generally require the Company to pay all executory costs such as maintenance and insurance. Rental expense for operating leases for the three and nine months endedSeptember 30, 2013 was approximately $2.2 million and $6.9 million, respectively. Rental expense for operating leases for the three and nine months endedSeptember 30, 2012 was approximately $2.0 million and $5.3 million, respectively.

Employee Benefit Plans

The Company has a 401(k) defined contribution plan covering all eligible employees. The Company provides for employer matching contributions equal to 50% of employee contributions, up to the lesser of 5% of eligible compensation or $6,000. Matching contributions are deposited into the employee’s 401(k) account and are subject to 5 year graded vesting. Salaries and related expenses include $0.2 million and $0.7 million of employer matching contributions for the three and nine months endedSeptember 30, 2013, respectively. Salaries and related expenses include $0.2 million and $0.5 million of employer matching contributions for the three and nine months endedSeptember 30, 2012, respectively.