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Lease Commitments
 12 Months Ended
Dec. 31, 2013
Lease Commitments

7) LEASE COMMITMENTS

Four of our hospital facilities are held under operating leases with Universal Health Realty Income Trust with terms expiring in 2014 and 2016 (see Note 9 for additional disclosure). We also lease the real property of certain facilities acquired by us in connection with the acquisition of PSI in November, 2010 and the acquisition of Ascend in October, 2012 (see Item 2. Properties for additional disclosure).

A summary of property under capital lease follows (amounts in thousands):

 

     As of December 31,  
     2013     2012  

Land, buildings and equipment

    $ 27,636      $ 27,836   

Less: accumulated amortization

      (27,382 )      (26,540 ) 
  

 

 

    

 

 

  
   $ 254      $ 1,296   
  

 

 

    

 

 

  

 

Future minimum rental payments under lease commitments with a term of more than one year as of December 31, 2013, are as follows (amounts in thousands):

 

Year

    Capital
Leases		     Operating
Leases		  
     (000s)  

2014

    $ 2,026      $ 55,812   

2015

      1,218        45,807   

2016

      1,167        37,769   

2017

      1,077        21,391   

2018

      1,086        17,322   

Later years

      4,030        128,636   
  

 

 

    

 

 

  

Total minimum rental

    $ 10,604      $ 306,737   
    

 

 

  

Less: Amount representing interest

      (3,971 )   
  

 

 

    

Present value of minimum rental commitments

      6,633     

Less: Current portion of capital lease obligations

      (774 )   
  

 

 

    

Long-term portion of capital lease obligations

    $ 5,859     
  

 

 

    

We incurred no additional capital lease obligations during 2013, 2012 or 2011. In the ordinary course of business, our facilities routinely lease equipment pursuant to new lease arrangements that will likely result in future lease and rental expense in excess of amounts indicated above.