Overstock.com 2015 Annual Report Download - page 110
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During the years ended December 31, 2015 and 2014, we entered into capital lease arrangements of computer equipment for $362,000 and $325,000
respectively. These arrangements will expire in 2017 and are not inclusive of our finance obligations under the Master Lease Agreement described above. In
order to obtain discounted pricing, we prepaid the entire $362,000 and $325,000 shortly after entering into the respective agreements. As such, we have no
future payment obligations under these capital leases at December 31, 2015.
Minimum future payments under all operating leases as of December 31, 2015, are as follows (in thousands):
2016
$ 10,782
2017
6,364
2018
5,987
2019
5,785
2020
4,069
Thereafter
24,513
$ 57,500
Rental expense for operating leases totaled $12.7 million, $11.7 million and $10.0 million for the years ended December 31, 2015, 2014 and 2013,
respectively.
During 2011, we entered into a six-year agreement with the Oakland-Alameda County Coliseum Authority ("OACCA") for the right to name the
Oakland Alameda County Coliseum. Amounts shown below represent annual payments due OACCA for the naming rights. We have the right to terminate
this agreement at our sole option, subject to payment of a termination fee.
Minimum future payments under the naming rights agreement as of December 31, 2015, are as follows (in thousands):
2016
1,391
$ 1,391
From time to time we enter into non-cancellable, long-term contractual agreements for technology services. Minimum future payments under these
agreements as of December 31, 2015, are as follows (in thousands):
2016
2,118
$ 2,118
From time to time, we are involved in litigation concerning consumer protection, employment, intellectual property and other commercial matters
related to the conduct and operation of our business and the sale of products on our Website. In connection with such litigation, we may be subject to
significant damages. In some instances other parties may have contractual
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