Classmates.com 2008 Annual Report Download - page 148

Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. COMMITMENTS AND CONTINGENCIES (Continued)
expense for operating leases for the years ended December 31, 2008, 2007 and 2006 was $8.6 million, $7.4 million and $6.6 million,
respectively.
Standby Letters of Credit
Standby letters of credit are maintained pursuant to certain of the Company's lease arrangements and to secure credit card processing
activity. The standby letters of credit remain in effect, generally, at declining levels through the terms of the related leases. Certificates of deposit
of $1.9 million and $2.1 million maintained by the Company in connection with certain of these standby letters of credit are included in other
current assets and other assets in the consolidated balance sheets at December 31, 2008 and 2007, respectively. Commitments under standby
letters of credit at December 31, 2008 are scheduled to expire as follows (in thousands):
Debt Obligations
Other Long-Term Liabilities
Other Commitments
In the ordinary course of business, the Company may provide indemnifications of varying scope and terms to customers, vendors, lessors,
business partners, and other parties with respect to certain matters, including, but not limited to, losses arising out of the Company's breach of
such agreements, services to be provided by the Company, or from intellectual property infringement claims made by third-parties. In addition,
the Company has entered into indemnification agreements with its directors and certain of its officers and employees that will require the
Company, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors,
officers or employees. The Company has also agreed to indemnify certain former officers, directors and employees of acquired companies in
connection with the acquisition of such companies. The Company maintains director and officer insurance, which may cover certain liabilities
arising from its obligation to indemnify its directors and certain of its officers and employees, and former officers, directors and employees of
acquired companies, in certain circumstances.
F-53
Year Ending December 31,
2009
2010
2011
2012
2013
Thereafter
Total
Standby letters of credit
$
11,805
$
582
$
300
$
—
$
242
$
—
$
12,929
Year Ending December 31,
2009 2010 2011 2012 2013
Thereafter
Total
Debt, including interest
$
50,924
$
53,681
$
53,524
$
48,405
$
75,588
$
300,654
$
582,776
Year Ending December 31,
2009 2010 2011 2012 2013
Thereafter
Total
Other long
-
term liabilities
$
438
$
1,306
$
134
$
132
$
131
$
630
$
2,771