Note 18 - Commitments

12 Months Ended

Dec. 31, 2012

18. COMMITMENTS

Lease Commitments

The Company leases office space and certain equipment under non-cancelable operating lease agreements that expire at various dates through December 2016. For the years ended December 31, 2012, 2011, and 2010, leasing costs charged to income in relation to these agreements were $2,918,000, $2,425,000, and $2,045,000, respectively. The Company’s office lease provides for periodic rental increases based on the general inflation rate.

As of December 31, 2012, future minimum lease payments under all non-cancelable operating lease agreements were as follows:

Year	Operating Leases


2013	$	2,507
2014		1,489
2015		856
2016		76

Total minimum lease payments	$	4,928

Purchase obligations and commitments include payments due under various types of license, maintenance and support agreements with contractual terms from 1 to 2 years. As of December 31, 2012, those purchase commitments were as follows:

(In Thousands)

Year


2013	$	2,091
2014		407

Total	$	2,498

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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