Commitments and Contingencies Future minimum lease payments for financing obligations (Tables)

12 Months Ended

Dec. 31, 2012

Capital leases of Lessee [Table Text Block]

As of December 31, 2012, the future minimum lease payments for the lease financing obligations were as follows (in thousands):



2013	$	3,254
2014		3,328
2015		3,410
2016		3,493
2017		3,615
2018 and thereafter		8,278
Total payments	$	25,378
Amount representing interest		(5,186	)
Present value of future minimum lease payments	$	20,192
Lease financing obligations classified as current	$	2,056
Lease financing obligations classified as long-term	$	18,136

- Definition

Tabular disclosure of leases entered into in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller was accounted for as an operating or capital lease. If the sale of the asset(s) did not meet the requirements to be accounted for as a sale whether the transaction was accounted for using the deposit method or as a financing. Disclosure may also include a description of the terms of the sale-leaseback transaction, including future commitments, obligations, provisions, or circumstances that require or result in the seller-lessee's continuing involvement. For leasing transactions involving "Special Purpose Entities"', disclosure may include a general description of the significant terms of the leasing arrangement including renewal or purchase options, escalation clauses, obligations with respect to refinancing of the lessor's debt, significant penalties and the provisions of any significant guarantees, such as residual value guarantees.

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