Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies [Abstract]

Commitments and Contingencies

14.  Commitments and Contingencies

Leases

The Company is obligated under certain noncancelable operating leases for office facilities and equipment.  Future minimum lease payments under noncancelable operating leases as of December 31, 2013 are as follows:

(in thousands)	Gross Future
	Minimum Lease
	Payments
2014	$	1,169
2015		1,109
2016		982
2017		806
2018		463
Thereafter		190
Total	$	4,719

Total rent expense under operating leases for the years ended December 31, 2013, 2012, and 2011 was approximately $1.1 million, $1.0 million, and $1.1 million, respectively.

Standby Letters of credit, bank guarantees, surety bonds and performance bonds

As of December 31, 2013, the Company was contingently liable for ten standby letters of credit and two surety bonds totaling $4.9 million which represent advance payment and performance bonds on eleven contracts.  The Company has deposited the full value of four standby letters of credit, $1.1 million, into money market escrow accounts which have been restricted in that the Company does not have access to these funds until the related letters of credit have expired. The cash has been recorded on the Company's balance sheet at December 31, 2013 as restricted cash and long-term restricted cash depending on the expiration date of the underlying letters of credit.  An additional six letters of credit for $3.6 million have been collateralized using the Company's line of credit at December 31, 2013.

Contingencies

Various actions and proceedings are presently pending to which the Company is a party. In the opinion of management, the aggregate liabilities, if any, arising from such actions are not expected to have a material adverse effect on the financial position, results of operations or cash flows of the Company.