|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the KVHI 10-K filed Mar 16, 2005. (7) Commitments and Contingencies
KVH has certain operating leases for facilities, automobiles, and various equipment. The following is a summary of future minimum payments under operating leases that have initial or remaining non-cancelable lease terms in excess of one year at December 31, 2004:
Total rent expense incurred under facility operating leases for the years ended December 31, 2004, 2003 and 2002 amounted to $336,000, $210,000, and $165,000, respectively.
In the normal course of business, KVH enters into unconditional purchase order obligations with its suppliers for inventory and other operational purchases. Outstanding and unconditional purchase order obligations as of December 31, 2004 approximated $4.2 million.
| |||||||||||||||||||||||||||||||||||||||||||||
| |||||||
