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Commitments and Contingencies
12 Months Ended
Dec. 31, 2014
Commitments and Contingencies.  
Commitments and Contingencies

 

 

16.Commitments and Contingencies

 

The Company leases office space and equipment under operating lease arrangements. Certain facility leases contain escalation clauses based on increases in the lessors’ operating expenses.  At December 31, 2014, the aggregate future minimum lease payments under these operating lease agreements that have initial or non-cancelable terms in excess of one year are:

 

2015

 

$

5,829 

 

2016

 

5,628 

 

2017

 

5,151 

 

2018

 

4,600 

 

2019

 

3,975 

 

Thereafter

 

59,991 

 

Total minimum future lease payments (a)

 

$

85,174 

 

 

(a)

Minimum future lease payments exclude $10,887 of sublease rental income.

 

Rent expense was $6,182, $6,225 and $6,377 for 2014, 2013 and 2012, respectively. Sublease income was $193 in 2014. There was no sublease income for 2013 and 2012.

 

The Company is involved in litigation in the ordinary course of business, both as a defendant and as a plaintiff.  The Company may from time to time be subject to a variety of legal and regulatory actions relating to the Company’s current and past business operations.

 

Although the Company cannot predict the outcome of any action, it is possible that the outcome of such matters could have a material adverse effect on the Company’s consolidated results of operations or cash flows for an individual reporting period. However, based on currently available information, management does not believe that any pending matters are likely to have a material adverse effect, individually or in the aggregate, on the Company’s financial condition.