Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

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Commitments and Contingencies
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies [Abstract]  
COMMITMENTS AND CONTINGENCIES
15. COMMITMENTS AND CONTINGENCIES

 

The Company leases certain of its properties under leases that expire on various dates through 2020. Some of these agreements include escalation clauses and provide for renewal options ranging from one to five years.

 

Rent expense incurred under the Company’s operating leases amounted to $965 and $997 during the years ended December 31, 2016 and 2015, respectively.

 

The future minimum obligation during each year through 2020 under the leases with non-cancelable terms in excess of one year is as follows:

 

Years Ending December 31,   Future
Minimum
Lease
Payments
 
       
2017   $ 233  
2018     177  
2019     134  
2020     57  
Total   $ 601