Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

13. Commitments and Contingencies

The Company leases its office space and certain office equipment under noncancelable operating leases. During 2011, the Company amended its existing office space lease to take additional space and extend the term of the office lease through August 2016. In December 2013, the Company entered into an additional office building lease. The initial term of the thirty-one month lease commences February 2014. The Company is obligated to pay approximately $264,000 in annual base rent in the first year, which shall increase by approximately 2.5% each year. Rent expense totaled approximately $1.2 million, $856,000 and $807,000 for the years ended December 31, 2013, 2012 and 2011, respectively.

The Company has purchase obligations totaling $3.0 million at December 31, 2013 related to binding commitments to purchase inventory.

Future minimum lease payments under noncancelable capital and operating leases as of December 31, 2013 were as follows:

	(In thousands)
2014	$	2,167
2015		2,295
2016		1,520
2017		—
2018		—
	$	5,982

From time to time, the Company may become involved in litigation relating to claims arising from the ordinary course of business. Management believes that there are no claims or actions pending against the Company currently, the ultimate disposition of which would have a material adverse effect on the Company’s consolidated results of operation, financial condition or cash flows.