XML 86 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Commitments and Contingencies
12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
(a) Lease Commitments
The Company leases office space, equipment and vehicles under noncancelable operating leases which expire by 2019. Certain of these leases contain rent holidays and scheduled rent increases which are included in the Company’s rent expense and recognized on a straight-line basis. Total rent expense under these operating leases was $2.9 million, $2.4 million and $1.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.
Future minimum lease payments under noncancelable operating leases and (with initial remaining lease terms in excess of one year) as of December 31, 2014 are as follows (in thousands):
 
 
Operating Leases
Year:
 
 
2015
 
$
3,636

2016
 
3,070

2017
 
2,513

2018
 
2,182

2019
 
2,180

Thereafter
 
2,030

Total minimum lease payments
 
$
15,611


(b) Government Grants
The Company receives grants from the French government to pursue research and development of its French products. These grants are refundable when and if the products become technologically feasible. If the products do not become technologically feasible, then the Company would not be required to refund the grant, resulting in a recorded gain. The Company has recorded grants received of $858,000 and $974,000 in accrued expenses in the consolidated balance sheets as of December 31, 2014 and 2013, respectively.
(c) Litigation
From time to time, the Company may be involved in litigation relating to claims arising out of its ordinary course of business. Management believes that there are no claims or actions pending or threatened against the Company, the ultimate disposition of which would have a material impact on the Company’s financial position, results of operations or cash flows.