Leases:

The Company leases the majority of its retail store locations, its current office space, one distribution center, transportation equipment and other equipment under various non-cancellable operating leases. The leases have varying terms and expire at various dates through 2030. 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 the Company pays associated taxes, insurance and maintenance costs.

Total rent expense for fiscal 2013, 2012 and 2011 was approximately $216.8 million, $200.1 million and $186.8 million, respectively. Total contingent rent expense for fiscal 2013, 2012 and 2011 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
2014	$	146		$	220,389
2015	146			212,472
2016	146			202,076
2017	146			189,953
2018	146			179,350
Thereafter	1,488			851,078
Total minimum lease payments	2,218			$	1,855,318
Amount representing interest	(976		)
Present value of minimum lease payments	1,242
Less: current portion	(42		)
Long-term capital lease obligations	$	1,200

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



	2013			2012
Building and improvements	$	1,581		$	1,581
Computer software and hardware	—			804
Less: accumulated depreciation and amortization	(782		)	(1,534		)
	$	799		$	851