COMMITMENTS

12 Months Ended

Dec. 31, 2011

COMMITMENTS

COMMITMENTS

NOTE 11—COMMITMENTS

        We lease office space, equipment and services used in connection with our operations under various operating leases, many of which contain escalation clauses.

        Future minimum payments under operating lease agreements are as follows (in thousands):

Years Ended December 31,	Amount
2012	$	1,516
2013		1,522
2014		1,486
2015		837
Total	$	5,361

        We also sublease certain office space to third parties. The total amount of minimum rentals to be received in the future under non-cancelable subleases is $0.4 million as of December 31, 2011.

        Expenses charged to operations under these agreements were $1.0 million for each of the years ended December 31, 2011 and 2010, and are included in general and administrative expense in the consolidated statements of operations.

        We also have funding commitments that could potentially require performance in the event of demands by third parties or contingent events, as follows (in thousands):

	Amount of Commitment Expiration Per Period
	Total Amounts Committed		Less Than 1 year		1-3 years		3-5 years		More Than 5 years
Surety bonds	$	5,487	$	5,412	$	75	$	—	$	—