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Commitments

12 Months Ended

Dec. 31, 2011

Note 10. Commitments

Leases

The future minimum obligations under operating leases having a noncancelable term in excess of one year as of December 31, 2011, are as follows:


2012	$	1.4
2013		1.2
2014		0.9
2015		0.7
2016		0.5
Thereafter		0.2

Future minimum lease obligations	$	4.9

The following table presents the Company's rent expense under operating leases for the years ended December 31, 2011, 2010 and 2009:

	Year Ended December 31,

	2011		2010		2009
Rent expense — continuing operations	$	3.2	$	2.5	$	3.3
Rent expense — discontinued operations		—		—		0.5

Consolidated rent expense	$	3.2	$	2.5	$	2.8

Purchase Commitments

The Company has certain minimum purchase commitments, none of which are individually material, that extend beyond December 31, 2011. Commitments under these contracts are approximately $7.2 million in 2012 and $1.1 million in 2013.

Although the Company is primarily liable for payments on the above-mentioned leases and purchase commitments, management believes exposure to losses, if any, under these arrangements is not material.

- 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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