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COMMITMENTS
12 Months Ended
Dec. 31, 2012
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  

2013

  $ 1,696  

2014

    1,619  

2015

    887  
       

Total

  $ 4,202  
       

 

        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 $0.1 million as of December 31, 2012.

        Expenses charged to operations under these agreements were $1.0 million for each of the years ended December 31, 2012 and 2011, 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

  $ 5,435   $ 5,360   $ 75   $   $