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F-22
to the repayment in full of all amounts under the credit facility in November 2014, there were no amortized deferred debt
issuance costs during 2015. During the year ended December 31, 2014 and 2013, we amortized $0.5 million and $0.2
million, respectively of deferred debt issuance costs. In connection with the termination of the Credit Agreement, we
recorded a non-cash expense of $1.7 million from the acceleration of unamortized debt issuance costs during the year
ended December 31, 2014.
8. Commitments and Contingencies
Leases
We conduct our operations utilizing leased office facilities in various locations under operating leases with non-
cancelable periods ending between February 2018 and February 2020.
The following is a schedule of future minimum lease payments under operating and capital leases as of December
31, 2015 (in thousands):
Operating
leases
Year ending December 31,
2016 ............................................................................
$
2,033
2017 ............................................................................
2,089
2018 ............................................................................
3,493
2019 ............................................................................
1,482
2020 ............................................................................
27
Thereafter ..........................................................................
—
Total minimum lease payments ........................................................
$
9,124
We incurred rent expense of $2.9 million, $3.5 million and $6.7 million, respectively, for the years ended
December 31, 2015, 2014 and 2013. As of December 31, 2015 and 2014, other long-term liabilities include a deferred
rent liability of $1.6 million.
Litigation
From time to time we are a party to various legal matters incidental to the conduct of our business. Certain of our
outstanding legal matters include speculative claims for indeterminate amounts of damages. We record a liability when
we believe that it is probable that a loss has been incurred and the amount can be reasonably estimated. Based on our
current knowledge, we do not believe that there is a reasonable possibility that the final outcome of the pending or
threatened legal proceedings to which we are a party, either individually or in the aggregate, will have a material adverse
effect on our future financial results. However, the outcome of such legal matters is subject to significant uncertainties.
Taxes
From time to time, various federal, state and other jurisdictional tax authorities undertake reviews of the Company
and its filings. In evaluating the exposure associated with various tax filing positions, we accrue charges for possible
exposures. We believe any adjustments that may ultimately be required as a result of any of these reviews will not be
material to our consolidated financial statements.
Indemnifications
In the normal course of business, we have provided certain indemnities, commitments and guarantees under which
we may be required to make payments in relation to certain transactions. These indemnities include intellectual property
indemnities to our customers, indemnities to our directors and officers to the maximum extent permitted under the laws
of Delaware, indemnifications related to our lease agreements and indemnifications to sellers or buyers in connection