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Leases
12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Leases

15.

Leases

The majority of the Company’s facilities are leased under non-cancelable operating leases, ranging in terms from five to fifteen years, which contain renewal options of five to ten years at the fair rental value at the time of renewal. The Company’s leases are generally subject to periodic consumer price index increases or contain fixed escalation clauses. The Company also leases certain facilities and equipment under capital leases.

Future minimum lease payments under non-cancelable operating leases and capital leases are as follows:

 

 

 

Operating

leases

 

 

Capital

leases

 

2016

 

$

431,658

 

 

$

30,538

 

2017

 

 

415,746

 

 

 

30,848

 

2018

 

 

375,516

 

 

 

31,196

 

2019

 

 

331,575

 

 

 

32,065

 

2020

 

 

283,633

 

 

 

32,443

 

Thereafter

 

 

1,083,825

 

 

 

235,285

 

 

 

$

2,921,953

 

 

 

392,375

 

Less portion representing interest

 

 

 

 

 

 

(109,190

)

Total capital lease obligations, including current portion

 

 

 

 

 

$

283,185

 

 

Rent expense under all operating leases for 2015, 2014, and 2013 was $514,287, $460,093 and $424,096, respectively. Rent expense is recorded on a straight-line basis, over the term of the lease, for leases that contain fixed escalation clauses or include abatement provisions. Leasehold improvement incentives are deferred and amortized to rent expense over the term of the lease. The net book value of property and equipment under capital leases was $261,960 and $197,344 at December 31, 2015 and 2014, respectively. Capital lease obligations are included in long-term debt. See Note 14 to the consolidated financial statements.