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Leases

12 Months Ended

Dec. 31, 2012

6) Leases

The Company is party to various operating leases for production facilities, vehicles and sites upon which advertising structures are built. The leases expire at various dates, and have varying options to renew and to cancel and may contain escalation provisions. The following is a summary of minimum annual rental payments required under those operating leases that have original or remaining lease terms in excess of one year as of December 31, 2012:


2013	$	158,433
2014	$	131,576
2015	$	111,815
2016	$	97,566
2017	$	83,997
Thereafter	$	585,986

Rental expense related to the Company’s operating leases was $209,110, $205,378, $203,044 for the years ended December 31, 2012, 2011 and 2010, respectively.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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