Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

v2.4.0.6
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2011
Commitments and Contingencies [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 16 — COMMITMENTS AND CONTINGENCIES

Lease Commitments

We lease our premises under non-cancelable operating leases. At December 31, 2011, 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)  

2012

   $ 4,132  

2013

     3,536  

2014

     2,154  

2015

     1,773  

2016

     1,624  

Thereafter

     4,020  
   

 

 

  

Total

   $ 17,239  
   

 

 

  

For the years ended December 31, 2011, 2010 and 2009, rental expenses recorded under such leases amounted to $5.4 million, $5.7 million and $5.6 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.