LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2015

NOTE 7 LEASE COMMITMENTS

The Company leases certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and capital leases expiring at various dates through the year 2027. Most of the operating leases contain renewal options and certain leases include options to purchase during or at the end of the lease term.

Amortization expense related to capital leases is included in depreciation expense. Rent expense under operating leases (including taxes, insurance and maintenance when included in the rent) amounted to $26,583, $30,813 and $30,720 in 2015, 2014 and 2013, respectively.

Assets recorded under capital leases consist of:


	2015		2014
Buildings	$	2,184	$	2,434
Machinery and equipment		831		1,076
	$	3,015	$	3,510
Accumulated depreciation		(663)		(758)
	$	2,352	$	2,752

Future minimum payments, by year and in the aggregate, under the capital leases and noncancelable operating leases with initial or remaining terms of one year or more consisted of the following at December 31, 2015:


	Capital		Operating
	Leases		Leases
2016	$	569	$	15,418
2017		633		12,385
2018		521		9,298
2019		43		8,006
2020		—		4,784
Subsequent to 2020		—		16,052
Total minimum lease payments		1,766	$	65,943
Amounts representing interest		(138)
Present value of future minimum lease payments		1,628
Lease amount due in one year		(521)
Total	$	1,107