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Fixed Assets and Lease Commitments

12 Months Ended

Dec. 31, 2012

Fixed Assets and Lease Commitments

Fixed Assets and Lease Commitments

7.     Fixed Assets and Lease Commitments

        Fixed assets consisted of the following:

		December 31,
		2011			2012
Building and leasehold improvements		$	59.1		$	74.7
Office equipment			34.1			38.9
Furniture and fixtures			20.6			16.3
Land and improvements			17.9			18.1
Computer software			20.5			21.4
Fixed assets, at cost			152.2			169.4
Accumulated depreciation and amortization			(83.1	)		(87.9	)
Fixed assets, net		$	69.1		$	81.5

        The Company and its Affiliates lease office space and computer equipment for their operations. At December 31, 2012, the Company's aggregate future minimum payments for operating leases having initial or non-cancelable lease terms greater than one year are payable as follows:

		Required Minimum Payments
2013		$	26.9
2014			26.4
2015			24.0
2016			18.3
2017			16.3
Thereafter			64.0

        Consolidated rent expense for 2010, 2011 and 2012 was $23.3 million, $29.9 million and $30.5 million, respectively.

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- Definition

Disclosure of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Also includes the following disclosure for operating leases having initial or remaining non cancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years.

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