COMMITMENTS

Certain of the Company’s subsidiaries lease facilities and equipment used in operations under both month-to-month and fixed-term agreements. The aggregate minimum rentals under operating leases with non-cancelable terms of one year or more as of December 31, 2011 are as follows:



	Lease Commitments		Sublease Rentals		Net
Year Ending December 31:
2012	$	5,231	$	965	$	4,266
2013	2,603		402		2,201
2014	2,585		—		2,585
2015	2,040		—		2,040
2016	1,410		—		1,410
Thereafter	4,812		—		4,812
Total	$	18,681	$	1,367	$	17,314

In 2001, the Company entered into an operating sublease for space in an office building in New York. The lease, as amended, expires in 2013. Minimum rental expense over the entire period is $10,584. A rent abatement received upon entering into the lease is recognized on a straight line basis over the life of the lease. The Company pays operating expense escalation ($40 in 2011) in monthly installments along with installments of the base rent.

The Company’s rental expense for the years ended December 31, 2011, 2010 and 2009 was $4,313, $3,670 and $3,904, respectively.