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COMMITMENTS
12 Months Ended
Dec. 31, 2016
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
2017
$
32,521
2018
 
30,105
2019
 
24,715
2020
 
21,045
2021
 
15,980
Subsequent to 2022
 
32,677
Total minimum lease payments
$
157,043

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:

(In thousands)
2016
 
2015
 
2014
Property
     
Minimum
$  26,594
 
$  27,211
 
$  27,264
Additional rentals based on sales
4
 
27
 
79
Sublease income
(58)
 
(206)
 
(144)
 
26,540
 
27,032
 
27,199
Equipment
3,031
 
2,943
 
2,568
 
$  29,571
 
$  29,975
 
$  29,767