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COMMITMENTS
12 Months Ended
Dec. 31, 2017
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
 
2018
 
$
31,643
 
2019
  
28,862
 
2020
  
26,264
 
2021
  
21,074
 
2022
  
14,428
 
Subsequent to 2022
  
31,203
 
Total minimum lease payments
 
$
153,474
 

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)
 
2017
  
2016
  
2015
 
Property
         
Minimum
 
$
27,543
  
$
26,594
  
$
27,211
 
Additional rentals based on sales
  
21
   
4
   
27
 
Sublease income
  
(90
)
  
(58
)
  
(206
)
   
27,474
   
26,540
   
27,032
 
Equipment
  
3,084
   
3,031
   
2,943
 
  
$
30,558
  
$
29,571
  
$
29,975