XML 64 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Leases
12 Months Ended
Dec. 31, 2013
Leases, Operating [Abstract]  
Leases
Note 4. Leases

We lease certain assets under operating leases, which primarily consist of real estate leases for 63 of our 221 service center locations at December 31, 2013. Certain operating leases provide for renewal options, which can vary by lease and are typically offered at their fair rental value. We have not made any residual value guarantees related to our operating leases; therefore, we have no corresponding liability recorded on our Balance Sheets.

Future minimum annual lease payments for assets under operating leases as of December 31, 2013 are as follows:
 
(In thousands)
 
Total
 
2014
 
$
15,931

 
2015
 
10,833

 
2016
 
7,508

 
2017
 
5,684

 
2018
 
4,623

 
Thereafter
 
14,210

 
Total minimum lease payments
 
$
58,789

 


Aggregate expense under operating leases was $17.9 million, $19.1 million and $19.5 million for 2013, 2012 and 2011, respectively. Certain operating leases include rent escalation provisions, which we recognize as expense on a straight-line basis.

We did not have any assets under capital leases at December 31, 2013. At December 31, 2012, we leased certain information systems under capital leases with a gross carrying value of $9.9 million and accumulated amortization of $2.3 million.