Fixed Assets and Lease Commitments

12 Months Ended

Dec. 31, 2015

Fixed Assets and Lease Commitments [Abstract]

Fixed assets consisted of the following:



	December 31,
	2014			2015
Building and leasehold improvements	$	84.1		$	104.7
Software	40.8			45.4
Equipment	38.3			39.9
Furniture and fixtures	17.5			22.4
Land, improvements and other	18.7			18.6
Fixed assets, at cost	199.4			231.0
Accumulated depreciation and amortization	(104.0		)	(116.9		)
Fixed assets, net	$	95.4		$	114.1

The Company and its Affiliates lease office space and equipment for their operations. At December 31, 2015, the Company’s aggregate future minimum payments for operating leases having initial or non-cancelable lease terms greater than one year were payable as follows:



	Required Minimum Payments ⁽¹⁾
2016	$	36.0
2017	33.7
2018	31.0
2019	29.5
2020	28.4
Thereafter	82.1

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⁽¹⁾	The controlling interest portion is $10.7 million through 2016, $11.0 million each in 2017 and in 2018, $10.6 million in 2019, $10.1 million in 2020 and $38.7 million thereafter.

Consolidated rent expense for 2013, 2014 and 2015 was $30.3 million, $30.5 million and $36.3 million, respectively.