COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

The Company leases facilities in Ann Arbor, Michigan and Cambridge, Massachusetts. In March 2016, the Company amended its current lease in Cambridge to, among other provisions, extend the terms until February 2022. Under the amendment, the landlord will contribute approximately $2.0 million toward the cost of tenant improvements. The contribution toward the cost of tenant improvements is recorded as deferred rent on our consolidated balance sheet and is amortized to our consolidated statement of operations as reductions to rent expense over the lease term. As of June 30, 2016, we have recorded a tenant improvement of $0.9 million.

In addition to the property leases, the Company also leases an offsite warehouse, various vehicles and computer equipment.

As of June 30, 2016, future minimum payments related to leases and other contractual obligations are as follows:



(In thousands)	Total		2016		2017		2018		2019		2020		More than 5 Years
Operating leases	$	25,538	$	2,123	$	4,897	$	4,590	$	4,267	$	4,386	$	5,275
Purchase commitments	450		450		—		—		—		—		—
Capital leases	97		22		43		32		—		—		—
Total	$	26,085	$	2,595	$	4,940	$	4,622	$	4,267	$	4,386	$	5,275

Rent expense for the three and six months ended June 30, 2016 was $1.2 million and $2.4 million, respectively, and $1.3 million and $2.5 million, respectively, for the three and six months ended June 30, 2015.