VERSANT CORP - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - March 16, 2012

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v2.4.0.6
Commitments and Contingencies
 3 Months Ended
Jan. 31, 2012
Commitments and Contingencies [Abstract]  
Commitments and Contingencies Disclosure [Text Block]
Commitments and Contingencies
 
Lease commitments

Versant’s principal commitments as of January 31, 2012 consist of obligations under operating leases for facilities and equipment.
 
Versant leases office space for its U.S. headquarters in Redwood City, California and also leases field office space in Cupertino, California and Hamburg and Munich, Germany under operating lease agreements. The Company's operating lease arrangements as of January 31, 2012 are summarized below:
 
Leased Office Facility:
Lease Expiration Date
 
Total Rent Payable over the Remaining Lease Term
 
Options to Renew at Fair Value
Hamburg, Germany
11/30/2014
 
$
476,000

 
Two three year renewal options
Redwood City, California
5/31/2013
 
$
273,000

 
Two one year renewal options
Munich, Germany
2/28/2014
 
$
54,000

 
Single two year renewal option
Redwood City, California
5/31/2014
 
$
236,000

 
Single one year renewal option
Cupertino, California
1/15/2013
 
$
39,000

 
none
Our minimum commitments under non-cancelable operating leases that have an initial or remaining lease term in excess of one year as of January 31, 2012 are as follows (in thousands): 
 
Facilities
Leases
 
Equipment
Leases
 
Total
Nine months ending October 31, 2012
$
372

 
$
4

 
$
376

Fiscal year ending October 31,
 

 
 

 
 

2013
417

 
2

 
419

2014
236

 


 
236

2015
14

 


 
14

2016
—

 


 
—

Total
$
1,039

 
$
6

 
$
1,045


Total rent expense for all operating leases was $114,000 and $96,000 for the three months ended January 31, 2012 and 2011, respectively.

Contingencies
The Company is subject to various legal proceedings and disputes that arise in the ordinary course of business from time to time. There were no ongoing material legal proceedings as of January 31, 2012.
The Company enters into indemnification agreements in the ordinary course of business. The Company's license agreements with customers generally require it to indemnify the customer against claims that its software infringes third party patent, copyright, trademark or other proprietary rights. Such indemnification obligations are generally limited in a variety of industry-standard respects. If a liability associated with any of the Company's indemnifications becomes probable and the amount of the liability is reasonably estimable or the minimum amount of a range of loss is reasonably estimable, then an appropriate liability will be established. The estimated fair value of these indemnification clauses is minimal.

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