Commitments and Contingencies

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies

(12) Commitments and Contingencies

(a) Operating Leases

The Company leases office space and equipment under noncancelable operating leases with various expiration dates through 2023. Future minimum lease payments under noncancelable operating leases are as follows (dollars in thousands):

	Operating leases
	As of March 31, 2013
Remainder of 2013	$	3,959
2014		4,403
2015		3,318
2016		1,738
2017		1,486
Thereafter		8,019
Total future minimum lease payments	$	22,923

Rent expense in the three months ended March 31, 2012 and 2013 was $1.2 million and $1.4 million, respectively.

(b) Legal Matters

The Company is involved from time to time in claims that arise in the normal course of its business. The Company is not presently subject to any material litigation nor, to management’s knowledge, is any litigation threatened against the Company that collectively is expected to have a material adverse effect on the Company’s cash flows, financial condition or results of operations.