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Commitments and Loss Contingency
9 Months Ended
Sep. 30, 2012
Commitments and Loss Contingency

Note 16. Commitments and Loss Contingency

Commitments

During the nine months ended September 30, 2012, the Company entered into several leases in the ordinary course of business. The following is a schedule of future minimum rental payments required under operating leases that have noncancelable lease terms as of September 30, 2012, including the impact of the leases assumed in connection with the Alpine acquisition (in thousands):

 

     Amount  

2012 (remaining three months)

   $ 1,458   

2013

     6,187   

2014

     4,529   

2015

     2,112   

2016

     920   

2017

     900   

2018 and thereafter

     4,214   
  

 

 

 

Total minimum payments required

   $ 20,320   
  

 

 

 

During the nine months ended September 30, 2012, the Company entered into agreements with third-party vendors in the ordinary course of business whereby the Company committed to purchase goods and services used in its normal operations. These agreements, which are not cancelable, generally range from one to five year periods and contain fixed or minimum annual commitments. Certain of these agreements allow for renegotiation of the minimum annual commitments based on certain conditions. The following is a schedule of the future minimum purchases remaining under the agreements as of September 30, 2012, including the impact of the agreements assumed in connection with the Alpine acquisition (in thousands):

 

     Amount  

2012 (remaining three months)

   $ 1,703   

2013

     2,789   

2014

     1,754   

2015

     118   

2016

     118   

2017

     49   

2018 and thereafter

     —     
  

 

 

 

Total minimum payments required

   $ 6,531   
  

 

 

 

Except as outlined above, there have not been any material changes to the outstanding contractual obligations from the disclosure in our Annual Report on Form 10-K for the year ended December 31, 2011.

 

Loss Contingency

The Company from time to time is involved in legal actions arising in the ordinary course of business. With respect to these matters, management believes that it has adequate legal defenses and/or when possible and appropriate, provided adequate accruals related to those matters such that the ultimate outcome will not have a material adverse effect on the Company’s financial position or results of operations.