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Commitments and Contingencies
9 Months Ended
Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]  
Commitments and contingencies

Note 7 ̶ Commitments and contingencies

Operating leases

The Company leases office, retail and warehouse space in New York, New Jersey, California and China from third parties under non-cancelable operating leases that provide for minimum base rental payments (excluding taxes and other charges). The leases expire between 2018 and 2026. Total rent expense was $0.8 million and $2.2 million for the three and nine months ended September 30, 2015, respectively and $1.0 million and $2.9 million for the three and nine months ended September 30, 2016, respectively.

Future minimum lease payments under the operating leases are as follows (in thousands):

 

Remainder of 2016

 

$

1,030

 

2017

 

 

4,362

 

2018

 

 

4,287

 

2019

 

 

4,185

 

2020

 

 

3,725

 

Thereafter

 

 

12,912

 

Total

 

$

30,501

 

 

Legal contingencies

From time to time, the Company may become involved in legal proceedings, claims and litigation arising in the ordinary course of business. Management is not currently aware of any matters that it expects will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.