CYNO » Topics » Lease Commitments

This excerpt taken from the CYNO 10-K filed Mar 13, 2009.

Lease Commitments

Cynosure leases its U.S. operating facility and certain foreign facilities under noncancelable operating lease agreements expiring through March 2012. Rent expense for the years ended December 31, 2008, 2007 and 2006 was approximately $1.1 million, $1.3 million and $1.0 million, respectively.

Cynosure leases certain equipment and vehicles under operating and capital lease agreements with payments due through December 2012.

Commitments under Cynosure’s lease arrangements are as follows, in thousands:

 

     Operating
Leases
   Capital
Leases
 

2009

   $ 1,178    $ 470  

2010

     1,090      300  

2011

     1,086      143  

2012

     1,273      32  

2013

     —        6  
               

Total minimum lease payments

   $ 4,627    $ 951  
         

Less amount representing interest

        (117 )
           

Present value of obligations under capital leases

      $ 834  

Current portion of capital lease obligations

        398  
           

Capital lease obligations, net of current portion

      $ 436  
           

 

F-27


Table of Contents
These excerpts taken from the CYNO 10-K filed Mar 13, 2008.

Lease Commitments

Cynosure leases its U.S. operating facility and certain foreign facilities under noncancelable operating lease agreements expiring through March 2012. Rent expense for the years ended December 31, 2007, 2006 and 2005 was approximately $1,276,000, $1,042,000 and $913,000, respectively.

Cynosure leases certain equipment and vehicles under operating and capital lease agreements with payments due through December 2012.

Commitments under Cynosure’s lease arrangements are as follows, in thousands:

 

     Operating
Leases
   Capital
Leases
 

2008

   $ 1,203    $ 596  

2009

     1,078      458  

2010

     1,073      307  

2011

     1,086      133  

2012

     1,273      25  
               

Total minimum lease payments

   $ 5,713    $ 1,519  
         

Less amount representing interest

        (240 )
           

Present value of obligations under capital leases

      $ 1,279  

Current portion of capital lease obligations

        485  
           

Capital lease obligations, net of current portion

      $ 794  
           

Lease Commitments

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Cynosure leases its U.S. operating facility and certain foreign facilities under noncancelable operating lease agreements expiring through March 2012.
Rent expense for the years ended December 31, 2007, 2006 and 2005 was approximately $1,276,000, $1,042,000 and $913,000, respectively.

SIZE="2">Cynosure leases certain equipment and vehicles under operating and capital lease agreements with payments due through December 2012.

SIZE="2">Commitments under Cynosure’s lease arrangements are as follows, in thousands:

 



























































































































































   Operating
Leases
  Capital
Leases
 

2008

  $1,203  $596 

2009

   1,078   458 

2010

   1,073   307 

2011

   1,086   133 

2012

   1,273   25 
         

Total minimum lease payments

  $5,713  $1,519 
      

Less amount representing interest

     (240)
       

Present value of obligations under capital leases

    $1,279 

Current portion of capital lease obligations

     485 
       

Capital lease obligations, net of current portion

    $794 
       
This excerpt taken from the CYNO 10-K filed Mar 12, 2007.
Lease Commitments
 
Cynosure leases its U.S. operating facility and certain foreign facilities under noncancelable operating lease agreements expiring through March 2012. Rent expense for the years ended December 31, 2006, 2005 and 2004 was approximately $1,042,000 $913,000 and $789,000, respectively.
 
Cynosure leases certain equipment and vehicles under operating and capital lease agreements with payments due through December 2011.
 
Commitments under Cynosure’s lease arrangements are as follows, in thousands:
 
                 
    Operating
    Capital
 
    Leases     Leases  
 
2007
    787       572  
2008
    767       527  
2009
    795       398  
2010
    824       235  
2011
    851       77  
Thereafter
    440        
                 
Total minimum lease payments
  $ 4,464     $ 1,809  
                 
Less amount representing interest
            (301 )
                 
Present value of obligations under capital leases
          $ 1,508  
Current portion of capital lease obligations
            439  
                 
Capital lease obligations, net of current portion
          $ 1,069  
                 
 
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