Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

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Commitments and Contingencies
 12 Months Ended
Dec. 31, 2012
Commitments and Contingencies

NOTE 16 — COMMITMENTS AND CONTINGENCIES

Lease Commitments

We lease our premises under non-cancelable operating leases. At December 31, 2012, future minimum annual rental commitments under these non-cancelable operating leases, with initial or remaining terms of one year or more, were as follows:

 

Year Ending December 31,

    Amount  
     (In Thousands)  

2013

    $ 3,784   

2014

      3,771   

2015

      3,363   

2016

      2,844   

2017

      2,078   

Thereafter

      3,400   
  

 

 

  

Total

    $ 19,240   
  

 

 

  

For the years ended December 31, 2012, 2011 and 2010, rental expenses recorded under such leases amounted to $5.5 million, $5.4 million, and $5.7 million, respectively.

 

Litigation

In the normal course of business, we are involved in various legal claims. Management has reviewed all legal claims against us with in-house or outside legal counsel and has taken into consideration the views of such counsel as to the outcome of the claims. In management’s opinion, the final disposition of all such claims will not have a material adverse effect on our financial position or results of operations.