Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Lease Payment and Sublease Rental

As of December 31, 2017, 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
2018	$	7,632	$	40	$	7,592
2019	7,795		41		7,754
2020⁽²⁾	8,516		28		8,488
2021⁽²⁾	6,808		—		6,808
2022⁽²⁾	6,297		—		6,297
Thereafter⁽²⁾	36,569		—		36,569
Total⁽¹⁾⁽²⁾	$	73,617	$	109	$	73,508

⁽¹⁾Includes $2,727 for the Miami office space which was renewed in March 2018.

⁽²⁾In connection with a new office lease entered into in March 2016, Securities America has exercised an option to lease additional office space, which has not yet been constructed, 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.