Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

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, 2014 are as follows:

(in thousands)	Gross Future
	Minimum Lease
	Payments
2015	$	1,163
2016		897
2017		823
2018		746
2019		612
Thereafter		1,867
Total	$	6,108

Total rent expense under operating leases for the years ended December 31, 2014, and 2013, was approximately $1.4 million, and $1.1 million, respectively.

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

As of December 31, 2014, the Company was contingently liable for twelve standby letters of credit and one surety bonds totaling $4.2 million which represent advance payment and performance bonds on eleven contracts.  The Company has deposited the full value of eleven standby letters of credit, $4.2 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, 2014 as restricted cash and long-term restricted cash depending on the expiration date of the underlying letters of credit.

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.