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Commitments and Contingencies
 12 Months Ended
Dec. 31, 2011
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
(14) Commitments and Contingencies

The Company utilizes certain office facilities and office equipment under non-cancelable operating lease agreements which generally have original terms of up to five years. Future minimum lease payments required under non-cancellable operating leases having an original term of more than one year as of December 31, 2011 are as follows (in thousands):

 
 
Office
facilities
and
equipment
 
Year ending December 31:
 
 
 
2012
 
$
1,206
 
2013
 
 
1,003
 
2014
 
 
1,017
 
2015
 
 
1,005
 
2016 and thereafter
 
 
1,880
 
 
 
$
6,111
 

Office facility expense was $1.3 million for the year ended December 31, 2011, and $1.2 million for each of the years ended December 31, 2010 and 2009, and was included in marketing, general and administrative expense in the consolidated statements of operations.

As of December 31, 2011 and 2010, the Company had one outstanding letter of credit of $0.1 million. The letter of credit guarantees the Company's obligations under certain operating lease agreements.

In addition to the rental equipment payable of $13.3 million, the Company had commitments to purchase approximately $3.5 million of container equipment as of December 31, 2011.

In the ordinary course of business, the Company executes contracts involving indemnifications standard in the industry and indemnifications specific to a transaction such as an assignment and assumption agreement. These indemnifications might include claims related to tax matters, governmental regulations, and contractual relationships. Performance under these indemnities would generally be triggered by a breach of terms of the contract or by a third-party claim. The Company regularly evaluates the probability of having to incur costs associated with these indemnifications and as of December 31, 2011 there were no claims outstanding under such indemnifications and the Company believes that no claims are probable of occurring in the future.