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Capital Leases
12 Months Ended
Dec. 31, 2011
Capital Leases  
Capital Leases

(20) Capital Leases

 

The Company has acquired equipment under capital leases as follows:

 

    (in thousands)  
    Asset  
    Balance at  
    December 31, 2011  
Leased Equipment included with property and equipment   $ 263  
Less: accumulated depreciation     (62 )
         
    $ 201  

 

The following is a schedule by year of future minimum lease payments under the capital leases as of December 31, 2011:

 

2012   $ 71  
2013     60  
2014     39  
2015     23  
2016     1  
         
Total lease payments remaining     194  
Less: amount representing interest     (46 )
         
Present value of remaining minimum lease payments     148  
Less: current obligations under lease obligations     (49 )
         
Long-term capital lease obligations   $ 99  

 

Minimum lease payments under the capital leases range from $576 per to $2,994 per month and the lease periods range from 24 months to 60 months. Aggregate security deposits of $7,041 were paid and are included in other assets.