Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Lease Payment and Sublease Rental

As of December 31, 2018, minimum lease payments (net of lease abatement and exclusive of escalation charges) and sublease rentals are as follows:



Year Ending December 31,	Lease Commitments		Sublease Rentals		Net
2019	$	8,341	$	41	$	8,300
2020(1)	8,902		28		8,874
2021(1)	7,182		—		7,182
2022(1)	6,558		—		6,558
2023(1)	5,423		—		5,423
Thereafter⁽¹⁾	31,284		—		31,284
Total⁽¹⁾	$	67,690	$	69	$	67,621

⁽¹⁾In connection with a new office lease entered into in March 2016, Securities America has exercised an option to lease additional office space, which is under construction, for 12 years and would require the payment of an estimated average annual rent of $2,000, subject to certain adjustments. The Company currently expects that this lease would commence in 2020 upon the completion of the construction. Such estimated rent amounts are included in the lease commitment table above.