Leases:

We lease the majority of our office space and retail store locations, certain distribution centers, transportation equipment and other equipment under various non-cancellable operating leases. The leases have varying terms and expire at various dates through 2029. Store leases typically have initial terms of between 10 and 15 years, with two to four optional renewal periods of five years each. Some leases require the payment of contingent rent that is based upon store sales above agreed-upon sales levels for the year. The sales levels vary for each store and are established in the lease agreements. Generally, most of the leases also require that we pay associated taxes, insurance and maintenance costs.

Total rent expense for fiscal 2012, 2011 and 2010 was approximately $200.1 million, $186.8 million and $173.4 million, respectively. Total contingent rent expense for fiscal 2012, 2011 and 2010 was insignificant.

Future minimum payments, by year and in the aggregate, under leases with initial or remaining terms of one year or more consist of the following (in thousands):



	Capital Leases			Operating Leases
2013	$	146		$	205,862
2014	146			199,450
2015	146			187,984
2016	146			176,701
2017	146			164,628
Thereafter	1,635			803,750
Total minimum lease payments	2,365			$	1,738,375
Amount representing interest	(1,085		)
Present value of minimum lease payments	1,280
Less: current portion	(38		)
Long-term capital lease obligations	$	1,242

Assets under capital leases were as follows (in thousands):



	2012			2011
Building and improvements	$	1,581		$	1,581
Computer software and hardware	804			1,510
Less: accumulated depreciation and amortization	(1,534		)	(2,187		)
	$	851		$	904