Leases

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Leases

7. Leases

The Company leases approximately 54,000 square feet of industrial space in West Melbourne, Florida. The original lease, which expired on June 30, 2005, was renewed for an additional five years with an expiration date of June 30, 2010. In December 2008, the lease was amended to reduce the monthly rent expense and extend the expiration date by five years to June 30, 2015. Rental, maintenance and tax expenses for this facility were approximately $468, $447 and $422 in 2011, 2010 and 2009, respectively. The Company also leases 8,100 square feet of office space in Lawrence, Kansas, to accommodate a portion of the Company’s engineering team. The lease, which expired on December 31, 2009, was renewed for an additional five years with an expiration date of December 31, 2014. Rental, maintenance and tax expenses for this facility were approximately $92 in 2011and 2010, respectively, and $81 in 2009.

The following table summarizes future minimum rental payments under these leases as of December 31, 2011:

2012	$	564
2013		564
2014		564
2015		236
Later years		—
	$	1,928