Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

The Company is a party to ongoing litigation in the normal course of business. While the outcome of lawsuits or other proceedings against the Company cannot be predicted with certainty, management believes that the effect on its financial condition, results of operations and cash flows, if any, will not be material. At December 31, 2010, the Company had accrued $2.3 million in connection with estimated liabilities related to certain legal matters. All of these matters were settled during 2011, which resulted in an additional charge of $1.4 million included in other expense for the year ended December 31, 2011.

Lease Commitments

The Company has operating leases for office space and equipment, which expire on various dates through 2018. Future minimum lease commitments as of December 31, 2013 under these operating leases are as follows (in thousands):



2014	$	1,384
2015	1,452
2016	1,414
2017	1,312
2018	411
Thereafter	2,032
	$	8,005

Total rent expense under operating leases was approximately $1.4 million, $1.4 million and $1.3 million in 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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