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Commitments and Contingencies
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies.  
Commitments and Contingencies

 

8. Commitments and Contingencies

Leases

        The Company leases its office facilities in San Mateo, California; Portland, Oregon; Atlanta, Georgia; Dublin, Ireland; Sydney, Australia; Farnborough, United Kingdom; Tokyo, Japan and Tel Aviv, Israel under operating lease agreements expiring in 2019. Under terms of the leases, the Company is responsible for certain insurance, property taxes, and maintenance expenses. Rent expense for non-cancellable operating leases with scheduled rent increases is recognized on a straight line basis over the terms of the leases. The difference between required lease payments and rent expense has been recorded as deferred rent. Deferred rent as of December 31, 2015 and 2014 is as follows:

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2015

 

2014

 

 

 

(in thousands)

 

Current portion of deferred rent

 

$

406 

 

$

 

Long-term portion of deferred rent

 

 

2,201 

 

 

2,562 

 

​  

​  

​  

​  

Total

 

$

2,607 

 

$

2,562 

 

​  

​  

​  

​  

​  

​  

​  

​  

        Rent expense under these operating leases was approximately $5.7 million, $4.2 million and $2.7 million for the years ended December 31, 2015, 2014 and 2013, respectively.

        As of December 31, 2015, the Company had no capital leases. As of December 31, 2015, future minimum operating lease payments are as follows for the years ending December 31:

                                                                                                                                                                                    

 

 

Minimum
Lease Payment

 

 

 

(in thousands)

 

2016

 

$

6,816 

 

2017

 

 

7,175 

 

2018

 

 

5,103 

 

2019

 

 

704 

 

​  

​  

Total

 

$

19,798 

 

​  

​  

​  

​  

Contractual Obligations and Commitments

        Contractual agreements with third parties consist of co-location hosting services, software licenses, maintenance and support for the Company's operations. As of December 31, 2015, future payments for non-cancellable contractual agreements are $4.4 million, $3.1 million and $0.2 million in 2016, 2017 and 2018, respectively.