XML 51 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Future Minimum Annual Lease and Service Payments
As of September 30, 2017, future minimum annual lease and service payments for the Company were as follows:
 
Equipment Leases (a)
 
Service Payments
 
Facility Leases (b)
 
(dollars in thousands)
2017
$
877

 
$
14,832

 
$
6,351

2018
3,150

 
19,230

 
25,782

2019
1,280

 
9,476

 
21,440

2020
351

 
1,203

 
17,625

2021
320

 
287

 
17,592

Thereafter
160

 
—

 
19,296

 
$
6,138

 
$
45,028

 
$
108,086

(a)
Equipment Leases include the Company's commitments relating to operating and capital leases. See Note 17 for further information on the capital lease minimum payments which are included in the table.
(b)
The Company has entered into various agreements to sublease certain of its premises. The Company recorded sublease income related to these leases of $0.2 million and $0.4 million for the three months ended September 30, 2017 and 2016, and $0.8 million and $1.7 million, and for the nine months ended September 30, 2017 and 2016, respectively.
Other Commitments
The following table summarizes unfunded commitments as of September 30, 2017:
Entity
 
Unfunded Commitments
 
Commitment term
 
 
(dollars in millions)
 
 
Real estate (a)
 
$
18.4

 
(a)
HealthCare Royalty Partners funds (b)
 
6.2

 
2 years
Eclipse Ventures Fund I, L.P. (formerly Formation8 Partners Hardware Fund I, L.P.)
 
0.4

 
7 years
Lagunita Biosciences, LLC
 
0.5

 
3 years
Eclipse Fund II, L.P.
 
0.9

 
8 years
Eclipse Continuity Fund I, L.P.
 
0.6

 
9 years
(a) The Company had unfunded commitments pertaining to capital commitments in six real estate investments held by the Company, all of which pertain to related party investments. Such commitments can be called at any time up to four years, subject to advance notice.
(b) The Company is a limited partner of the HealthCare Royalty Partners funds (which are managed by Healthcare Royalty Management) and is a member of HealthCare Royalty Partners General Partners. The Company will make its pro-rata investment in the HealthCare Royalty Partners funds along with the other limited partners.