Commitments, Guarantees, and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

(13) Commitments, Guarantees, and Contingencies

Commitments

Operating Leases

We have various noncancelable leases for real property and machinery and equipment. Such leases expire at various dates with, in some cases, options to extend their terms.

Minimum rentals under long-term operating leases are as follows (in thousands):

	Real		Machinery and
	property		equipment		Total
2014	$	6,263	$	1,196	$	7,459
2015		5,477		582		6,059
2016		5,250		163		5,413
2017		4,795		77		4,872
2018		3,102		—		3,102
Thereafter		15,387		—		15,387
Total	$	40,274	$	2,018	$	42,292

Certain of the leases contain provisions for rent escalation based primarily on increases in a specified Consumer Price Index, real estate taxes and operating costs incurred by the lessor. Rent expense was approximately $8,480,000, $6,914,000 and $6,615,000 for the years ended December 31, 2013, 2012 and 2011, respectively.

On February 28, 2013, we entered into a lease agreement for approximately 63,985 square feet of office space in Columbia, Maryland for our corporate headquarters, replacing our former headquarters location in Elkridge, Maryland. The lease term is twelve years and encompasses three floors of an approximately 170,000 square foot existing office building. Occupancy and rent payments commenced on approximately August 1, 2013.

During the year ended December 31, 2011, we recognized a net gain of $1,041,000 on the reversal of a deferred rent liability related to the execution of a new lease for our Troy, Michigan facility. This gain is excluded from rent expense for the year ended December 31, 2011 as disclosed above.

Other

As of December 31, 2013, we had six outstanding letters of credit totaling $662,000, which expire in 2014 through 2018. In addition, we have three outstanding performance bonds totaling $3,582,000 relating to construction contracts scheduled to be completed in 2014.