Annual report pursuant to Section 13 and 15(d)

LONG-TERM OBLIGATIONS (Tables)

v3.3.1.900
LONG-TERM OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2015
LONG-TERM OBLIGATIONS  
Schedule of changes in liability related to sublease agreement

The changes in the liability related to the sublease agreement during the year ended December 31, 2015 were as follows (in thousands):

 

 

 

 

 

Balance at January 1, 2015

    

$
9,269

 

Accretion of deferred liability

 

 
559

 

Amortization of deferred liability

 

 
(3,363)

 

Balance at December 31, 2015

 

$
6,465

 

 

Schedule of future minimum lease payments and obligations under noncancelable operating lease, net of sublease receipts

At December 31, 2015, future minimum lease payments and obligations under our noncancelable operating lease, net of sublease receipts, were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating

 

Sublease

 

 

 

 

For years ending December 31,

    

Lease

    

Receipts

    

Net

 

2016

 

$
15,530

 

$
(2,771)

 

$
12,759

 

2017

 

 
16,153

 

 
(2,854)

 

 
13,299

 

2018

 

 
1,351

 

 
(196)

 

 
1,155

 

Total minimum payments required

 

$
33,034

 

$
(5,821)

 

$
27,213