Leases

12 Months Ended

Dec. 31, 2012

Leases

Leases

16. Leases

        The Company leases its corporate headquarters under a non-cancellable operating lease. The lease calls for monthly payments of $16,000 through October 31, 2015, then monthly payments of $17,250 from November 1, 2015 through its expiration in October 2020. Rental expense under this lease was $192,000 for 2012 and $196,000 for 2011. The Company also leases office space and equipment under operating leases expiring in various years prior to 2017. Rental expense under these leases for 2012 and 2011 was $746,000 and $681,000, respectively. As of December 31, 2012, the future minimum lease payments under all non-cancellable operating leases are as follows: $572,000 in 2013; $456,000 in 2014; $398,000 in 2015; $359,000 in 2016; $281,000 in 2017; and $2.6 million thereafter.