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11. Commitments and Contingencies
Operating leases: We lease the majority of our retail stores and recycling centers under noncancelable operating leases. The leases typically require the payment of taxes, maintenance, utilities and insurance.
Minimum future rental commitments under noncancelable operating leases as of December 31, 2011 are as follows:
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|
|
ARCA
|
|
AAP
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Total
|
|
|
2012
|
|
$
|
5,138
|
|
$
|
231
|
|
$
|
5,369
|
|
|
2013
|
|
4,626
|
|
231
|
|
4,857
|
|
|
2014
|
|
3,845
|
|
232
|
|
4,077
|
|
|
2015
|
|
2,710
|
|
233
|
|
2,943
|
|
|
2016
|
|
1,893
|
|
246
|
|
2,139
|
|
|
Thereafter
|
|
2,862
|
|
990
|
|
3,852
|
|
|
|
|
$
|
21,074
|
|
$
|
2,163
|
|
$
|
23,237
|
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Rent expense for fiscal years 2011 and 2010 was $4,804 and $4,766, respectively. We have an agreement to receive future sublease payments of $821 through March 2016.
Contracts: We have entered into material contracts with three appliance manufacturers. Under the agreements there are no minimum purchase commitments; however, we have agreed to indemnify the manufacturers for certain claims, allegations or losses with respect to appliances we sell.
Litigation: We are party from time to time to ordinary course disputes that we do not believe to be material or have merit. We intend to vigorously defend ourselves against these ordinary course disputes.
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