Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

v2.4.1.9
Commitments and Contingencies
12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
 
Contractual Obligations
 
Future minimum lease payments under scheduled operating leases, which are primarily for buildings and equipment, having initial or remaining noncancelable terms in excess of one year are as follows (in thousands):
 
Year ended December 31:
 
2015
$
2,775

2016
2,898

2017
2,759

2018
2,655

2019
2,689

Thereafter
30,785

Minimum lease commitments
$
44,561


 
Rent expense was approximately $3,230,000, $2,262,000 and $1,855,000 for the years ended December 31, 2014, 2013 and 2012, respectively.
 
Legal

The Company is involved in litigation and similar claims incidental to the conduct of its business, including from time to time, contractual disputes, claims related to alleged security system failures and claims related to alleged violations of the U.S. Telephone Consumer Protection Act. Matters that are probable of unfavorable outcome to the Company and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, management’s estimate of the outcomes of such matters and experience in contesting, litigating and settling similar matters.  In management’s opinion, none of the pending actions is likely to have a material adverse impact on the Company’s financial position or results of operations.  The Company accrues and expenses legal fees related to loss contingency matters as incurred.