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Fixed Assets and Lease Commitments

12 Months Ended

Dec. 31, 2014

Fixed Assets and Lease Commitments [Abstract]

Fixed Assets and Lease Commitments

Fixed Assets and Lease Commitments

Fixed assets consisted of the following:

	December 31,
	2013				2014
Building and leasehold improvements	$	78.5			$	84.1
Equipment	36.5				38.3
Furniture and fixtures	15.4				17.5
Land and improvements	18.9				18.7
Software	30.6				40.8
Fixed assets, at cost	179.9				199.4
Accumulated depreciation and amortization	(87.6		)		(104.0		)
Fixed assets, net	$	92.3			$	95.4

The Company and its Affiliates lease office space and equipment for their operations. At December 31, 2014, 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
2015	$	33.8
2016	28.8
2017	25.2
2018	22.8
2019	21.6
Thereafter	69.4

Consolidated rent expense for 2012, 2013 and 2014 was $30.5 million, $30.3 million and $30.5 million, respectively.

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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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