Quarterly report pursuant to Section 13 or 15(d)

Lease Obligations

v2.4.0.6
Lease Obligations
9 Months Ended
Sep. 30, 2012
Leases [Abstract]  
Lease obligations
Lease obligations

The Company leases office and laboratory facilities in California, Kansas, and New Jersey. These leases expire between 2014 and 2019 and are subject to annual increases which range from 3.0% and 3.5%. The Company currently subleases office and laboratory space in California and New Jersey. The following table provides a summary of operating lease obligations and payments expected to be received from sublease agreements as of September 30, 2012 (in thousands):

Operating lease obligations:
Square
Footage
 
Lease
Termination
Date
 
Less than 1
year
 
1-3 years
 
3-5 years
 
More than
5 years
 
Total
Corporate headquarters-San Diego, CA
16,500

 
July 2019
 
$
430

 
$
1,354

 
$
1,436

 
$
1,326

 
$
4,546

Bioscience and Technology Business Center-Lawrence, KS
1,500

 
December 2014
 
57

 
71

 

 

 
128

Vacated office and research facility-San Diego, CA
52,800

 
July 2015
 
2,159

 
4,126

 

 

 
6,285

Vacated office and research facility-Cranbury, NJ
99,000

 
August 2016
 
2,581

 
5,397

 
2,580

 

 
10,558

Total operating lease obligations
 
 
 
 
$
5,227

 
$
10,948

 
$
4,016

 
$
1,326

 
$
21,517

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sublease payments expected to be received:
 
 
 
 
Less than 1
year
 
1-3 years
 
3-5 years
 
More than
5 years
 
Total
Office and research facility-San Diego, CA
52,800

 
July 2015
 
$
876

 
$
1,676

 
$

 
$

 
$
2,552

Office and research facility-Cranbury, NJ
5,100

 
August 2016
 
332

 
751

 
319

 

 
1,402

Net operating lease obligations
 
 
 
 
$
4,019

 
$
8,521

 
$
3,697

 
$
1,326

 
$
17,563