Capital Lease

9 Months Ended

Sep. 30, 2011

Capital Lease

Capital Lease

Note 8: Capital Lease

The Company has acquired equipment under capital leases as follows:

	(in thousands)
	Asset
	Balance at
	September 30, 2011
Leased Equipment included with property and equipment	$	263
Less: accumulated depreciation		(51	)
	$	212

The following is a schedule by year of future minimum lease payments under the capital leases as of September 30, 2011:

	(in thousands)
2011	$	26
2012		72
2013		60
2014		39
2015		23
2016		1
Total lease payments remaining		221
Less: amount representing interest		(52	)
Present value of remaining minimum lease payments		169
Less: current obligations under lease obligations		(57	)
Long-term capital lease obligations	$	112

Minimum lease payments under the capital leases range from $576 per month to $2,994 per month and the lease periods range from 24 months to 60 months.  Aggregate security deposits of $12,880 were paid and are included in other assets.