Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

17.Commitments and Contingencies

The Company is currently involved in various claims and legal actions that arise in the ordinary course of business. The Company has recorded reserves for loss contingencies based on the specific circumstances of each case. Such reserves are recorded when it is probable that a loss has been incurred as of the balance sheet date and can be reasonably estimated. Although the results of litigation and claims can never be predicted with certainty, the Company does not believe that the ultimate resolution of these actions will have any material adverse effect on the Company’s business, financial condition or results of operations.

Purchase Commitments

The Company has various purchasing contracts for contract manufacturing and research and development services which are based on the requirements of the business. Generally, the contracts are at prices not in excess of current market price and do not commit the business to obligations outside the normal customary terms for similar contracts.

Operating Leases

The Company uses various leased facilities and equipment in its operations. The lease terms for these leased assets vary depending on the terms of the applicable lease agreement. Rental expense for all operating leases totaled $878, $840, $2,657, and $1,844 for the five months ended December 31, 2015, the seven months ended July 31, 2015, and for the years ended December 31, 2014 and 2013, respectively. At December 31, 2015, the Company had no residual value guarantees related to its operating leases. Future minimum lease payments as of December 31, 2015 under noncancelable operating leases are as follows:

(in thousands)	Future Lease Payments
2016	$	1,690
2017	1,410
2018	1,306
2019	1,297
2020	876
Thereafter	927

Total	$	7,506