OPERATING LEASES

12 Months Ended

Dec. 31, 2011

OPERATING LEASES

OPERATING LEASES

NOTE 6: OPERATING LEASES

        We have non-cancelable operating leases for office space at various locations expiring at various times through 2019. Each of the leases requires us to pay all executory costs (property taxes, maintenance and insurance). Certain of our lease agreements provide for scheduled rent increases during the lease term. Rent expense is recognized on a straight-line basis over the lease term. Landlord provided tenant improvement allowances are recorded as a liability and amortized as a reduction to rent expense. Additionally, we have non-cancelable operating leases for office equipment and automobiles expiring through 2016.

        Future minimum lease payments during the years ending December 31 are as follows:

	Total Future Minimum Lease Payments
	(in thousands)
2012	$	7,926
2013		7,192
2014		6,579
2015		3,673
2016		784
Thereafter		1,143
Total minimum lease payments	$	27,297

        Expense related to operating leases for the years ended December 31, 2011, 2010, and 2009 was approximately $11.4 million, $10.2 million, and $8.7 million, respectively; net of sublease income of $-0-, $-0-, and $1.0 million, respectively.