Commitments, Contingencies, Guarantees and Indemnities

12 Months Ended

Dec. 31, 2017

Commitments, Contingencies, Guarantees and Indemnities

Commitments, Contingencies, Guarantees and Indemnities

(9) Commitments, Contingencies, Guarantees and Indemnities

Future minimum payments under operating lease agreements are as follows:

Years Ending December 31,	(in thousands)
2018	$	1,023
2019		425
2020		—
2021		—
2022		—
Thereafter		—
Total	$	1,448

Other obligations

Other obligations, such as certain purchase obligations are not recognized as liabilities in the consolidated financial statements but are required to be disclosed in the footnotes to the financial statements. These funding commitments could potentially require the Company’s performance in the event of demands by third parties or contingent events. As of December 31, 2017, the Company had $124.0 million in purchase commitments of engines that will be satisified within one fiscal year. The purchase obligations are subject to escalation based on the closing date of each transaction.