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Leases

12 Months Ended

Dec. 31, 2014

(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, 2014:


2015	$	162,840
2016	$	128,145
2017	$	112,157
2018	$	97,166
2019	$	85,174
Thereafter	$	622,597

Rental expense related to the Company’s operating leases was $227,879, $222,638 and $209,110 for the years ended December 31, 2014, 2013 and 2012, 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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