COMMITMENTS AND CONTINGENCIES. The QSA JPA may be subject to lawsuits and claims arising out of the normal course of business. As of the date of this disclosure, and to the QSA JPA’s actual knowledge, there are no lawsuits or claims currently pending against the QSA JPA. By way of background, in December 2011, the Court of Appeal upheld the QSA JPA Agreement. (Quantification Settlement Agreement Cases (2011)
COMMITMENTS AND CONTINGENCIES. The Company has obligations under various noncancelable long-term operating leases for office space and equipment. Some of these leases contain escalation clauses for operating costs, property taxes and insurance. In addition, the Company has various obligations under other office space and equipment leases of less than one year. Total rent expense was $15,805 and $13,107 and $5,417 for the years ended December 31, 2000, 1999 and 1998, respectively. The future minimum rental commitments under noncancelable long-term operating leases due over the next five years are as follows: 2001........................................................ $13,706 2002........................................................ 9,597 2003........................................................ 7,003 2004........................................................ 6,041 2005........................................................ 3,376 Thereafter.................................................. 2,990 ------- $42,713 ======= The Company and its affiliates are involved in litigation on a number of matters and are subject to certain claims which arise in the normal course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the Company's consolidated financial position, results of operations or liquidity. The Company has retained certain self-insurance risks with respect to losses for third party liability, property damage and group health insurance provided to employees. The Company is jointly and severally liable as guarantor on four credit obligations entered into by partnerships in which the Company has equity interests. The maximum amount of the guaranteed debt totals $148.6 million; the amount outstanding at December 31, 2000 totaled $112.7 million. The Company is subject to costs arising out of environmental laws and regulations, which include obligations to remove or limit the effects on the environment of the disposal or release of certain wastes or substances at various sites including sites which have been previously sold. It is the Company's policy to accrue and charge against earnings environmental cleanup costs when it is probable that a liability has been incurred and an amount is reasonably estimable. As assessments and cleanups proceed, these accruals are reviewed and adjusted, if necessary, as additional information becomes available. The Company is currently a party to, or involved in, legal proceedings directed at...
COMMITMENTS AND CONTINGENCIES. As of December 31, 2014, future minimum payments under all operating leases, net of related subleases, are as follows (in thousands): Capital Operating Lease Leases Total Years ending December 31, 2015 $ 87 $ 81 $ 168 2016 - - - 2017 - - - 2018 - - - Total minimum net payments $ 87 $ 81 $ 168 Less: amount representing interest - Present value of net minimum payments 87 Less: current portion (87 ) Long-term portion of capital lease obligations $ - Operating Leases In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expired on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expired in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in July 2015. The Company terminated its lease and closed its Canadian office in Kitchener in August 2013. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2014. Rent expense under all operating leases was $0.1 million and $0.2 million for the years ended December 2014, and 2013, respectively.
COMMITMENTS AND CONTINGENCIES. As of June 30, 2015, future minimum net payments under all operating leases are as follows (in thousands): Capital Lease Operating Leases Total Six months ending December 31, 2015 $ 87 $ 24 $ 111 Years ending December 31, 2017 — — — Total minimum net payments $ 87 $ 24 $ 111 Less: amount representing interest — Present value of net minimum payments 111 Less: current portion (111 ) Long-term portion of capital lease obligations $ — Operating Leases In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expires on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expires in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in August 2015. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2013. Rent expense under all operating leases was not significant for each of the three months ended June 30, 2015 and 2014, respectively.
COMMITMENTS AND CONTINGENCIES. The Partnership is the subject of, or a party to, a number of pending or threatened legal actions, contingencies and commitments involving a variety of matters, including laws and regulations relating to the environment. Some of these matters are discussed below. For matters for which the Partnership has not recorded an accrued liability, the Partnership is unable to estimate a range of possible losses for the reasons discussed in more detail below. However, the ultimate resolution of some of these contingencies could, individually or in the aggregate, be material.
COMMITMENTS AND CONTINGENCIES. In the normal course of business, there are outstanding various commitments and contingent liabilities, such as commitments to extend credit and legal claims, which are not reflected in the financial statements. Commitments under outstanding standby letters of credit totaled $224,000 at June 30, 1999 and 1998. The following is a summary of the commitments to extend credit at June 30, 1999: 1999 1998 ---- ---- Loan commitments: Fixed rate $ 685,125 $1,585,597 Adjustable rate 1,183,000 - Undisbursed commercial and personal lines of credit 4,393,796 1,628,128 Undisbursed portion of construction loans in process 4,019,310 1,932,310 Other loans in process 159,603 249,893 ----------- ---------- Total commitments to extend credit $10,440,834 $5,395,928 =========== ==========
COMMITMENTS AND CONTINGENCIES. The Company is party to various legal proceedings in the ordinary course of business which it does not believe will result, in the aggregate, in a material adverse effect on its financial position or results of operations. -------------------------------------------------------------------------------- TELEWEST COMMUNICATIONS PLC --------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES. (continued)
COMMITMENTS AND CONTINGENCIES. At December 31, 2001 and 2000, the Company recorded a liability for environmental conservation expenditures of $1,822 and $1,921, respectively. Management believes the liability amount recorded is sufficient, however, future regulations in Germany may result in additional liability. The Company is required to pay certain charges based on water pollution levels at its xxxxx. Unpaid charges can be reduced by investing in qualifying equipment that results in less water pollution. The Company believes that equipment investments already made will offset most of these charges, but it has not received final determination from the appropriate authorities. Accordingly, a liability for these water charges has only been recognized to the extent that equipment investments have not been made. The Company is involved in various matters of litigation arising in the ordinary course of business. In the opinion of management, the estimated outcome of such issues will not have a material effect on the Company's financial statements. XXXXXX INTERNATIONAL INC. SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED) QUARTERLY FINANCIAL DATA (THOUSANDS, EXCEPT PER SHARE AMOUNTS) QUARTER ENDED ---------------------------------------------------- MARCH 31 JUNE 30 SEPTEMBER 30 DECEMBER 31 -------- ------- ------------ ----------- 2001 Net Sales $ 55,996 $ 52,310 $ 47,276 $ 41,407 Gross profit 14,019 9,046 7,402 1,215 Income (loss) before extraordinary items and cumulative effect of a change in accounting 4,575 (71) 169 (7,200) Income (loss) before extraordinary items and cumulative effect of a change in accounting, per share* 0.27 (0.00) 0.01 (0.43) Net income (loss) 4,575 (71) 169 (7,200) 2000 Net Sales $ 55,760 $ 63,715 $ 61,694 $ 55,033 Gross profit 6,868 15,531 15,899 19,561 Income before extraordinary items and cumulative effect of a change in accounting 1,071 8,976 9,094 10,333 Income before extraordinary items and cumulative effect of a change in accounting, per share* 0.06 0.52 0.52 0.61 Net income 1,071 8,976 9,094 10,333 ----------- * on a diluted basis XXXXXX INTERNATIONAL INC. CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2002 (UNAUDITED) XXXXXX INTERNATIONAL INC. CONSOLIDATED BALANCE SHEETS AS AT JUNE 30, 2002 AND DECEMBER 31, 2001 (UNAUDITED) (EUROS IN THOUSANDS) JUNE 30, DECEMBER 31, 2002 2001 ------------- ---------------- ASSETS Current Assets Cash and cash equivalents E 22,873 E 11,741 Investments 1,788 4,549 Receivables 51,622 47,892 Inventories 25,...
COMMITMENTS AND CONTINGENCIES. Certain legal and administrative proceedings, incidental to the company’s business, involve Washington Gas and/or its subsidiaries. In the opinion of management, the company has recorded adequate provisions for probable losses related to these proceedings. Management does not expect the final resolution of these matters will have a materially adverse effect on the company’s financial position or results of operations.
