LinkedIn 2011 Annual Report Download - page 39

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Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
As of December 31, 2011, we lease approximately 198,000 square feet of space in our headquarters in
Mountain View, California. We recently entered into an amendment to a lease that provides for approximately
158,000 additional square feet effective as of January 1, 2012, and approximately another 70,000 additional
square feet to be constructed by our landlord. The lease term has been extended by ten years from the estimated
date of delivery of the newly constructed building, and is currently estimated to expire in 2023. We also lease
additional sales and marketing and customer support offices in Chicago, New York, Omaha, San Francisco, San
Mateo and Santa Monica. We lease our international headquarters office in Dublin, Ireland and lease additional
sales and marketing offices in Australia, Brazil, Canada, France, Germany, India, Italy, Japan, the Netherlands,
Singapore, Sweden and the United Kingdom. We also operate data centers in the United States pursuant to
various lease agreements.
Item 3. Legal Proceedings
We are subject to legal proceedings and litigation arising in the ordinary course of business, including, but
not limited to, certain pending patent and privacy litigation matters, including class action lawsuits. Although
occasional adverse decisions or settlements may occur, we do not believe that the final disposition of any of these
matters will have a material effect on our business. Certain of these matters include speculative claims for
substantial or indeterminate amounts of damages, and could include claims for injunctive relief. We record a
liability when we believe that it is both probable that a loss has been incurred and the amount can be reasonably
estimated. Periodically, we evaluate developments in our legal matters that could affect the amount of liability
that has been previously accrued, if any, and make adjustments as appropriate. Significant judgment is required
to determine both likelihood of there being, and the estimated amount of, a loss related to such matters, and our
judgment may be incorrect. The outcome of any proceeding is not determinable in advance. Until the final
resolution of any such matters that we may be required to accrue for, there may be an exposure to loss in excess
of the amount accrued, and such amounts could be material.
Item 4. Mine Safety Disclosures
Not applicable.
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