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Leases

12 Months Ended

Dec. 31, 2012

Note R - Leases

The Company leases office space and certain computer and related equipment using noncancelable operating leases. Lease expense for 2012, 2011 and 2010 was $1,506 $1,483 and $1,386, respectively. At December 31, 2012, future lease payments for operating leases with initial or remaining noncancelable terms of one year or more consisted of the following:

2013	$	998
2014		49
2015		15
2016		-
2017		-
Thereafter		-
Total minimum payments required	$	1,062

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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