Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

v3.5.0.2
Commitments and Contingencies
9 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
Leases and Other Financing Obligations
Balances for assets acquired under capital lease obligations and included in property and equipment were as follows (in thousands):
 
September 30,
2016
 
December 31,
2015
Computer and network equipment
$
509

 
$
511

Furniture
287

 
287

Assets acquired under capital lease obligations
796

 
798

Accumulated depreciation
(308
)
 
(123
)
Assets acquired under capital lease obligations, net
$
488

 
$
675


The current and long-term portions of capital leases and other financing obligations were as follows (in thousands):
 
September 30,
2016
 
December 31,
2015
Capital leases and other financing obligations, current
$
367

 
$
502

Capital leases and other financing obligations, noncurrent
259

 
519

Total capital leases and other financing obligations
$
626

 
$
1,021


The Company leases certain of its facilities and some of its equipment under non-cancelable operating lease arrangements. The rental payments under these leases are charged to expense on a straight-line basis over the non-cancelable term of the lease. Future minimum payments under capital lease obligations, other financing obligations, and non-cancelable operating leases, excluding property taxes and other operating expenses, as of September 30, 2016 are as follows (in thousands):
Periods ending December 31,
Capital leases and other financing obligations
 
Operating leases
 
Total
Remainder of 2016
$
127

 
$
347

 
$
474

2017
370

 
1,203

 
1,573

2018
172

 
997

 
1,169

2019
3

 
532

 
535

2020

 
297

 
297

Thereafter

 
632

 
632

Total minimum lease payments
672

 
$
4,008

 
$
4,680

Less amount representing interest
(46
)
 
 
 
 
Present value of net minimum lease payments
$
626

 
 
 
 

The above schedule excludes future payments associated with the term loan credit agreement the Company entered into on October 21, 2016, described in Note 10–"Subsequent Event."
Contingencies
The Company is exposed to a number of asserted and unasserted claims encountered in the normal course of business. Legal costs related to loss contingencies are expensed as incurred. In the opinion of management, the resolution of these matters will not have a material adverse effect on the Company’s financial position or results of operations.
The Company’s standard arrangements include provisions indemnifying customers against liabilities if the Company's products infringe a third-party’s intellectual property rights. The Company has not incurred any costs in its continuing operations as a result of such indemnifications and has not accrued any liabilities related to such contingent obligations in the accompanying condensed consolidated financial statements.