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Commitments and Contingencies
6 Months Ended
Jun. 30, 2012
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
8. Commitments and Contingencies

The Company’s contractual commitments changed from the commitments and obligations disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 due to the acquisition of the TaxACT business. The Company’s contractual commitments are as follows for the years ending December 31 (in thousands):

 

                                                                 
    2012     2013     2014     2015     2016     2017     Thereafter     Total  

Operating lease commitments

  $ 993     $ 571     $ —       $ —       $ —       $ —       $ —       $ 1,564  

Less sublease income

    (44     (36     —         —         —         —         —         (80
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net lease payments required

    949       535       —         —         —         —         —         1,484  

Purchase commitments

    1,369       690       108       —         —         —         —         2,167  

Debt commitments

    —         4,750       9,500       13,063       14,250       33,437       —         75,000  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 2,318     $ 5,975     $ 9,608     $ 13,063     $ 14,250     $ 33,437     $ —       $ 78,651  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

Litigation

From time to time the Company is subject to various legal proceedings or claims that arise in the ordinary course of business. Although the Company cannot predict the outcome of these matters with certainty, the Company’s management does not believe that the disposition of these ordinary course matters will have a material adverse effect on the Company’s financial position, results of operations, or cash flows.