Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies [Abstract]

15. 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, 2017 are as follows:

(in thousands)	Gross Future
	Minimum Lease
	Payments

2018	$	1,506
2019		793
2020		702
2021		716
2022		709
Thereafter		541
Total	$	4,967

Total rent expense under operating leases for the years ended December 31, 2017 and 2016, was approximately $0.8 million, respectively.

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

As discussed in Note 11, Long-Term Debt, as of December 31, 2017, the Company had three letters of credit with BB&T bank, totaling $0.9 million and had three letters of credit with Citizen's Bank totaling $0.8 million. The Company was contingently liable for these 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.