XML 65 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Future Minimum Annual Lease and Service Payments
As of December 31, 2018, future minimum annual lease and service payments for the Company were as follows:
 
Equipment Leases (a)
 
Service Payments
 
Real Estate and other Facility Rental (b)
 
(dollars in thousands)
2019
$
2,434

 
$
21,758

 
$
24,584

2020
1,492

 
7,514

 
22,608

2021
1,382

 
1,877

 
22,321

2022
1,123

 
1,372

 
19,166

2023
374

 
735

 
16,204

Thereafter

 
735

 
21,478

 
$
6,805

 
$
33,991

 
$
126,361

(a)
Equipment Leases include the Company's commitments relating to operating and capital leases. See Note 23 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 $1.4 million, $1.1 million, and $2.2 million for the years ended December 31, 2018, 2017, and 2016 respectively.
Other Commitments
The following table summarizes unfunded commitments as of December 31, 2018:
Entity
 
Unfunded Commitments
 
Commitment term
 
 
(dollars in millions)
 
 
Real estate (a)
 
$
22.6

 
(a)
HealthCare Royalty Partners funds (b)
 
4.9

 
2 years
Eclipse Ventures Fund I, L.P. (formerly Formation8 Partners Hardware Fund I, L.P.)
 
0.2

 
6 years
Lagunita Biosciences, LLC
 
1.0

 
3 years
Eclipse Fund II, L.P.
 
0.8

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

 
8 years
Cowen Healthcare Investments II LP
 
6.9

 
3 years
(a) The Company had unfunded commitments pertaining to capital commitments in five real estate investments held by the Company, all of which pertain to related party investments. Such commitments can be called at any time between two 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.