XML 63 R13.htm IDEA: XBRL DOCUMENT v2.4.1.9
Capital Leases (Notes)
3 Months Ended
Mar. 31, 2015
Capital Leased Assets [Line Items]  
Capital Leases in Financial Statements of Lessee Disclosure [Text Block]
CAPITAL LEASES

Beginning in the three months ended March 31, 2015, we have entered into non-cancelable lease agreements for vehicles utilized by our operations and field personnel. The term of each lease agreement is three years and is being accounted for as a capital lease, as the present value of minimum monthly lease payments, including the residual value guarantee, exceeds 90% of the fair value of the leased vehicles at inception of the lease.
 
The following table presents leased vehicles under capital leases as of March 31, 2015:
 

 
Amount
 
 
(in thousands)
Vehicles
 
$
472

Accumulated depreciation
 
(4
)
 
 
$
468


 
Future minimum lease payments by year and in the aggregate, under non-cancelable capital leases with terms of one year or more, consist of the following:
 
For the Twelve Months Ending March 31,
 
Amount
 
 
(in thousands)
2016
 
$
150

2017
 
144

2018
 
281

 
 
575

Less executory cost
 
(24
)
Less amount representing interest
 
(81
)
Present value of minimum lease payments
 
$
470

 
 
 

Short-term capital lease obligations
 
$
105

Long-term capital lease obligations
 
365

 
 
$
470



Short-term capital lease obligations are included in other accrued expenses on the condensed consolidated balance sheets. Long-term capital lease obligations are included in other liabilities on the condensed consolidated balance sheets.