Avid 2008 Annual Report Download - page 78

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73
The following table sets forth a reconciliation of the beginning and ending amounts of unrecognized tax benefits,
excluding the impact of interest and penalties, for the years ended December 31, 2008 and 2007 (in thousands):
Unrecognized tax benefits at January 1, 2007 $6,200
Increases for tax positions taken during a prior period 400
Increases for tax positions taken during the current period 200
Decreases for tax positions taken during a prior period —
Decreases related to settlements (2,800 )
Unrecognized tax benefits at December 31, 2007 $4,000
Increases for tax positions taken during a prior period 900
Increases for tax positions taken during the current period —
Decreases for tax positions taken during a prior period (1,100 )
Decreases related to settlements (700 )
Unrecognized tax benefits at December 31, 2008 $3,100
The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. As of
December 31, 2008 and 2007, respectively, the Company had approximately $0.6 million and $0.7 million of accrued
interest related to uncertain tax positions.
The tax years 2002 through 2007 remain open to examination by taxing authorities in the jurisdictions in which the
Company operates.
I. LONG-TERM LIABILITIES
Long-term liabilities consisted of the following (in thousands):
December 31,
2008 2007
Long-term deferred tax liabilities, net $ 4,002 $ 7,430
Long-term deferred revenue 4,081 4,581
Long-term deferred rent 2,436 3,008
Long-term accrued restructuring 1,304 2,476
$ 11,823 $ 17,495
J. COMMITMENTS AND CONTINGENCIES
Operating Lease Commitments
The Company leases its office space and certain equipment under non-cancelable operating leases. The future
minimum lease commitments under these non-cancelable leases at December 31, 2008 were as follows (in thousands):
Year
2009 $24,252
2010 19,334
2011 13,990
2012 10,509
2013 9,500
Thereafter 13,555
Total $91,140
The total of future minimum rentals to be received by the Company under non-cancelable subleases related to the
above leases was $2.9 million as of December 31, 2008. Such sublease income amounts are not reflected in the