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BSQR » Topics » Tabular Disclosure of Contractual Obligations

This excerpt taken from the BSQR 10-K filed Feb 16, 2007.
Tabular Disclosure of Contractual Obligations
 
We have significant lease commitments, which expire through 2014. We have operating lease commitments for office space in Bellevue, Washington; San Diego, California; Longmont, Colorado; Vancouver, British Columbia, Canada; and Taipei, Taiwan. The following are our contractual commitments associated with these lease and other obligations (in thousands):
 
                                                         
    Payments Due through Year Ended December 31:  
Contractual Obligations
  2007     2008     2009     2010     2011     Thereafter     Total  
 
Long-term debt obligations
  $ —     $ —     $ —     $ —     $ —     $ —     $ —  
Equipment financing obligations
    —       —       —       —       —       —       —  
Operating lease obligations
    1,024       952       853       926       975       2,889       7,619  
Purchase obligations
    —       —       —       —       —       —       —  
Other long-term obligations
    —       —       —       —       —       —       —  
                                                         
Total
  $ 1,024     $ 952     $ 853     $ 926     $ 975     $ 2,889     $ 7,619  
                                                         
 
In addition to these lease obligations, we have the following future or potential cash commitment:
 
  •  In February 2004, we signed an amendment to the lease for our former corporate headquarters and simultaneously entered into a ten-year lease for a new corporate headquarters, also located in Bellevue, Washington. The amendment of the former headquarters lease, which was scheduled to terminate on December 31, 2004, provided that no cash lease payments were to be made for the remainder of that lease term. Similarly, the new corporate headquarters lease also provided that no cash lease payments were to be made during 2004. However, if we default under our new corporate headquarters lease, the landlord has the ability to demand payment for cash payments forgiven in 2004 under the former headquarters lease. The amount of the forgiven payments for which the landlord can demand repayment was $1.8 million at December 31, 2006. The amount of the forgiven payments for which the landlord has the ability to demand repayment decreases on the straight-line basis over the length of our new ten-year headquarters lease.
 
We believe that our existing cash, cash equivalents and short-term investments will be sufficient to meet our needs for working capital and capital expenditures for at least the next 12 months.
 

"Tabular Disclosure of Contractual Obligations" elsewhere:

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