Commitments and Contingencies

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 8 — Commitments and Contingencies

Operating Leases

The Company leases its office space and certain equipment under non-cancelable operating lease agreements with various expiration dates through September 30, 2022. Rent expense for the three and nine months ended September 30, 2012 and the three and nine months ended September 30, 2011, was $2.1million, $6.4 million, $1.6 million, and $4.8 million, respectively. The Company recognizes rent expense on a straight-line basis over the lease period and accrues for rent expense incurred but not paid.

Future annual minimum lease payments under all noncancelable operating leases as of September 30, 2012 were as follows (in thousands):

Years Ending December 31,
2012 (remaining three months)	$	2,207
2013		7,954
2014		6,752
2015		5,052
2016		3,647
Thereafter		16,174
	$	41,786

Other Matters

The Company may be subject to litigation or other claims in the normal course of business. In the opinion of management, the Company’s ultimate liability, if any, related to any currently pending or threatened litigation or claims would not materially affect its consolidated financial position, results of operations or cash flows.