(8) Commitments and Contingencies

(a) Leases

The Company leases office facilities and equipment under various operating leases. Rental expense for these leases approximated $1.1 million, $1.0 million, and $931,000 for the years ended April 30, 2017, 2016, and 2015, respectively.

The Company leased several floors of its headquarters in Atlanta, GA under various operating leases. Rental income for these leases approximated $538,000, $723,000 and $687,000 for the years ended April 30, 2017, 2016 and 2015, respectively. In addition, the Company owned other properties leased under various operating leases. Rental income for these leases approximated $236,000, $309,000 and $270,000 for the years ended April 30, 2017, 2016, and 2015, respectively. On February 23, 2017, the Company divested the property to which these leases were associated. The rental income is included as a component of Other Income, Net in the accompanying consolidated statements of operations.

Future minimum lease payments under noncancelable operating leases (with initial or remaining lease terms in excess of one year) as of April 30, 2017 are as follows (existence of renewal or escalation clauses) (in thousands):


Years ended April 30:
2018	$	994
2019		866
2020		375
2021		352
2022		292
Thereafter		97

	$	2,976

Future minimum lease rentals receivable under noncancelable operating leases (with initial or remaining lease terms in excess of one year) as of April 30, 2017 are as follows (already included or prorated at the Company’s occupied building) (in thousands):


Years ended April 30:
2018	$	261
2019		209
2020		10
2021		0
2022		0
Thereafter		0

	$	480

(b) 401(k) Profit Sharing Plan

Employees are offered the opportunity to participate in the Company’s 401(k) Profit Sharing Plan (the 401(k) Plan), which is intended to be a tax-qualified defined contribution plan under Section 401(k) of the Internal Revenue Code. Under the 401(k) Plan, employees are eligible to participate on the first day of the month following the date of hire. Eligible employees may contribute up to 60% of pretax income to the 401(k) Plan. Subject to certain limitations, the Company may make a discretionary profit sharing contribution at an amount determined by the board of directors of the Company. The Company did not make profit sharing contributions for 2017, 2016, or 2015.

(c) Contingencies

The Company more often than not indemnifies its customers against damages and costs resulting from claims of patent, copyright, or trademark infringement associated with use of the Company’s products. The Company has historically not been required to make any payments under such indemnifications. However, the Company continues to monitor the conditions that are subject to the indemnifications to identify whether it is probable that a loss has occurred, and would recognize any such losses under the indemnifications when those losses are estimable.

In addition, the Company warrants to customers that the Company’s products operate substantially in accordance with the software product’s specifications. Historically, no costs have been incurred related to software product warranties and none are expected in the future, and as such no accruals for software product warranty costs have been made. Additionally, the Company is involved in various claims arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the financial position or results of operations of the Company.