Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

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Commitments and Contingencies
6 Months Ended
Jun. 30, 2013
Commitments and Contingencies  
Commitments and Contingencies

15.                               Commitments and Contingencies

 

The Company is involved in litigation arising in the ordinary course of its business. The Company does not believe that the outcome of any of the current litigation, individually or in the aggregate, would, if determined adversely to it, have a material adverse effect on the Company’s results of operations, financial condition, cash flows or business.

 

The Company includes various types of indemnification and guarantee clauses in certain arrangements. These indemnifications and guarantees may include, but are not limited to, infringement claims related to intellectual property, direct or consequential damages and guarantees to certain service providers. The type and amount of any potential indemnification or guarantee varies substantially based on the nature of each arrangement. The Company has experienced no previous claims and cannot determine the maximum amount of potential future payments, if any, related to such indemnification and guarantee provisions. The Company believes that it is unlikely it will have to make material payments under these arrangements and therefore has not recorded a contingent liability in the consolidated balance sheets.

 

The Company rents office space under leases that expire at various dates through 2024.  Future minimum lease commitments under these operating leases, as of June 30, 2013, was as follows:

 

Years ending December 31:

 

 

 

Remainder of 2013

 

$

2,381

 

2014

 

4,885

 

2015

 

4,761

 

2016

 

4,972

 

2017

 

4,582

 

Thereafter

 

21,826

 

 

 

$

43,407