F-28
19. Operating Leases
We lease office space and equipment under non-cancelable operating leases that expire on various dates through 2020. Future
minimum payments under non-cancelable operating leases with initial terms of one year or more consisted of the following at
December 31, 2013:
2014 ............................................................................................................... $
7,137
2015 ...............................................................................................................
5,795
2016 ...............................................................................................................
5,401
2017 ...............................................................................................................
3,626
2018 ...............................................................................................................
357
Beyond...........................................................................................................
451
$ 22,767
Our leases include offices in Annapolis, Maryland under a lease expiring in December 2016, a second facility in Annapolis
under a lease expiring in April 2014, office space in Hanover, Maryland expiring August 2017, a facility in Seattle, Washington under
a lease expiring in September 2017, and we lease a production facility in Tampa, Florida under a lease expiring in December 2014.
The Annapolis facilities are utilized for executive and administrative offices, as well as portions of our Commercial and Government
Segments. The Seattle facility is utilized by our Commercial Segment and the Tampa and Hanover facilities are utilized by our
Government Segment.
We also lease office space in Aliso Viejo, California under a lease expiring in December 2017, offices in Tianjin, China under a
lease expiring January 2017, a facility in Calgary, Alberta, Canada under a lease expiring March 2014, a facility near Atlanta, Georgia
under a lease expiring May 2015, a facility in Richardson, Texas under a lease expiring April 2015, a facility in North Wollongong,
Australia under a lease expiring April 2017. As a result of the 2011 acquisition of Trident, we lease office space in Torrance,
California expiring January 2018. As a result of the 2012 acquisition of microDATA, we lease office space in Danville, Vermont
expiring July 2014 and office space in Greenwood Village, Colorado expiring May 2020. Future payments on all of our leases are
estimated including the minimum future rent escalations, if any, stipulated in the respective agreements.
Rent expense was $7,634, $7,490, and $7,067 for 2013, 2012, and 2011, respectively.
20. Concentrations of Credit Risk and Major Customers
Financial instruments that potentially subject us to concentrations of credit risk consist of accounts receivable and unbilled
receivables. Those customers that comprised 10% or more of our revenue, accounts receivable and unbilled receivables are
summarized in the following tables:
Percentage of total revenue for the year ended December 31:
Customer
Segment
2013
2012
2011
U.S. government agencies and departments ............................................................. Government 32% 44% 35%
Verizon Wireless (various divisions, directly and through channel) ........................ Commercial 16% 13% 18%
MetroPCS ................................................................................................................. Commercial <10% <10% 10%
Percentage of receivables (billed and unbilled) as of December 31:
Customer
2013
2012
U.S. government agencies and departments..........................................
10%
35%
Verizon Wireless (various divisions, directly and through channel) .....
17%
14%
AT&T (various divisions) .....................................................................
13%
<10%
As of December 31, 2013, our total exposure to credit risk from the above customers was $26,643. As of December 31, 2012,
our exposure to such risks was $59,806. We did not experience significant losses from amounts due to us by any customers for the
year ended December 31, 2013 or 2012.
21. Geographic and Business Segment Information
For 2013, 2012, and 2011, respectively, our revenue includes $38,220, $41,782, and $33,314 of revenue generated from
customers outside of the United States.
