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COMMITMENTS
12 Months Ended
Dec. 31, 2015
COMMITMENTS [Abstract]  
COMMITMENTS
Note 14, Commitments:

We lease certain property and equipment under operating leases. Initial lease terms range from 5 years to 30 years and certain leases contain renewal options ranging from one to 25 years or provide for options to purchase the related property at fair market value or at predetermined purchase prices. The leases generally require us to pay all maintenance, property taxes and insurance costs.

The following schedule outlines the future minimum lease payments and rentals under operating leases:

(In thousands)
 
Operating Leases
 
2016
 
$
33,691
 
2017
  
29,575
 
2018
  
26,970
 
2019
  
21,670
 
2020
  
17,993
 
Subsequent to 2021
  
41,651
 
Total minimum lease payments
 
$
171,550
 

Step rent and other lease concessions (free rent periods) are taken into account in computing lease expense on a straight-line basis. Landlord allowances for capital improvements have not been significant, but are recorded as a reduction of expense over the term of the lease. Net rental expense applicable to operating leases consisted of the following for the years ended December 31:

  
2015
  
2014
  
2013
 
Property
      
Minimum
 
$
27,211
  
$
27,264
  
$
27,370
 
Additional rentals based on sales
  
27
   
79
   
 
Sublease income
  
(206
)
  
(144
)
  
(146
)
   
27,032
   
27,199
   
27,224
 
Equipment
  
2,943
   
2,568
   
2,444
 
  
$
29,975
  
$
29,767
  
$
29,668