Commitments and Contingencies

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies [Abstract]

11. COMMITMENTS AND CONTINGENCIES

The Company is obligated, as lessee, under non-cancelable operating leases for office space in Dallas, Texas and Rutland, U.K. expiring through 2020. In addition, the Company is obligated, as lessee, under other non-cancelable operating leases for office equipment. As of December 31, 2011, the future minimum payments required under all operating leases with terms in excess of one year are as follows (in thousands):


2012	$	1,085
2013		1,177
2014		1,022
2015		930
2016		931
Thereafter		3,523

	$	8,668

Rent expense for the years ended December 31, 2011, 2010 and 2009, was $1.7 million, $1.9 million and $0.6 million, respectively.

The Company also has a distribution agreement with a supplier which includes a minimum royalty payment requirement to keep the contract in effect, which is not included in the table above. The aggregate minimum requirement over the next ten years under the contract totals $13.4 million.

Additionally, in connection with the Alloy acquisition (Note 3), the Company is obligated to make contingent payments of up to $1.0 million based upon the achievement of certain sales objectives for products acquired from Alloy.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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+ Details

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