NVIDIA 2015 Annual Report Download - page 160

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NVIDIA CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
80
Future minimum lease payments under our non-cancelable operating leases as of January 25, 2015, are as follows:
Future Minimum
Lease Obligations
(In thousands)
Fiscal Year:
2016................................................................................................................................................. $ 76,741
2017................................................................................................................................................. 66,242
2018................................................................................................................................................. 34,070
2019................................................................................................................................................. 26,793
2020................................................................................................................................................. 9,988
2021 and thereafter.......................................................................................................................... 27,477
Total............................................................................................................................................ $ 241,311
Rent expense for the years ended January 25, 2015, January 26, 2014 and January 27, 2013 was $47.3 million, $43.8
million and $38.4 million, respectively.
Capital lease obligations include building and office equipment lease obligations. The building lease relates to our
datacenter in Santa Clara, California. Future minimum lease payments under the building capital lease total $20.9 million
over the remaining lease term, including predetermined rent escalations, and are included in the future minimum lease
payment schedule below:
Future Capital
Lease Obligations
(In thousands)
Fiscal Year:
2016................................................................................................................................................. $ 5,303
2017................................................................................................................................................. 5,453
2018................................................................................................................................................. 5,607
2019................................................................................................................................................. 5,767
2020................................................................................................................................................. 26
2021 and thereafter.......................................................................................................................... —
Total............................................................................................................................................ $ 22,156
Present value of minimum lease payments ..................................................................................... $ 17,500
Current portion ................................................................................................................................ $ 3,414
Long-term portion ........................................................................................................................... $ 14,086
Litigation
3dfx
On December 15, 2000, NVIDIA and one of our indirect subsidiaries entered into an Asset Purchase Agreement, or
APA, to purchase certain graphics chip assets from 3dfx. The transaction closed on April 18, 2001. In October 2002, 3dfx
filed for bankruptcy.