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TABLE OF CONTENTS
STAMPS.COM INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
forsuchproceedings,wedisclosetheestimateoftheamountoflossorpossiblerangeofloss,ordisclosethatanestimateoflosscannot
bemade,asapplicable.Althoughmanagementatpresentbelievesthattheultimateoutcomeoftheseproceedings,individuallyandin
theaggregate,willnotmateriallyharmourfinancialposition,resultsofoperations,cashflows,oroveralltrends,legalproceedingsare
subjecttoinherentuncertainties,andunfavorablerulingsorothereventscouldoccur.Anunfavorableoutcomeforanamountinexcess
ofmanagement’spresentbeliefsmayresultinamaterialadverseimpactonourbusiness,resultsofoperations,financialposition,and
overalltrends.
Commitments
TheCompanyleasesfacilitiespursuanttononcancelableoperatingleaseagreementsexpiringthrough2020.Rentexpenseis
recognizedonastraight-linebasisovertheleaseterm.Leaseincentivesareamortizedovertheleasetermonastraight-linebasis.
Leaseholdimprovementsarecapitalizedandamortizedovertheshorteroftheusefullifeoftheassetortheremainingtermofthelease.
Rentexpensewasapproximately874,000,$215,000,and$36,000fortheyearsendedDecember31,2015,2014and2013,respectively.
Thefollowingtableisascheduleofoursignificantcontractualobligationsandcommercialcommitments(otherthandebt
commitments,whicharesummarizedinNote7-“Debt”),whichconsistoffutureminimumleasepaymentunderoperatingleasesasof
December31,2015(inthousands):
Twelve Month Period Ending December 31,
Operating
Lease
Obligations
2016 $ 2,879
2017  3,126
2018  2,811
2019  619
Thereafter $ 260
13. Subsequent Events
Wearenotawareofanymaterialsubsequenteventsortransactionsthathaveoccurredthatwouldrequirerecognitioninthe
financialstatementsordisclosureinthenotestothefinancialstatements.
14. Quarterly Information (Unaudited)
Quarter Ended
March June September December (2)
 (inthousandsexceptpersharedata)
Fiscal Year 2015:    
Revenues $ 44,052 $ 48,360 $ 51,669 $ 69,876
Grossprofit 34,427  38,422  40,480 56,693
Income(loss)fromoperations (2,159)  (15,152)  12,991 (1,000)
Net(loss)income (970)  (10,431)  7,274 (71)
Netincomepershare:    
Basic $ (0.06) $ (0.64) $ 0.44 $ (0.00)
Diluted $ (0.06) $ (0.64) $ 0.42 $ (0.00)
Weightedaveragesharesoutstanding:    
Basic 16,156  16,402  16,538 16,642
Diluted  16,156(1)  16,402(1) 17,517  16,642(1)
F-32