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Commitments
12 Months Ended
Dec. 31, 2011
Commitments  
Commitments

11.    Commitments

 

Leases

 

The Company has entered into operating leases for facilities and equipment. These leases are non-cancellable and typically do not contain renewal options. Certain leases contain rent escalation clauses for which the Company recognizes the expense on a straight-line basis. Rent expense under the Company’s operating leases for the years ended December 31, 2011, 2010 and 2009 was approximately $4.8 million, $6.8 million and $6.2 million, respectively. Future minimum lease payments under operating leases, net of amounts to be received under sub-leases, as of December 31, 2011 are as follows:

 

(US$ in thousands)

 

 

 

 

2012

 

$

4,197

 

2013

 

3,396

 

2014

 

3,010

 

2015

 

2,924

 

2016

 

2,759

 

Thereafter

 

6,725

 

 

 

 

 

Total

 

$

23,011