14. LEASES

The Company has operating leases principally for land, buildings and equipment and also leases certain real estate and transportation equipment under various capital leases expiring between 2017 and 2028. Future minimum rental payments required under capital and operating leases as of July 31, 2017 are as follows:


	Capital Leases			Operating Leases
For the fiscal year ending July 31, 2018	$	948		$	2,547
For the fiscal year ending July 31, 2019		938			2,152
For the fiscal year ending July 31, 2020		933			1,434
For the fiscal year ending July 31, 2021		951			1,123
For the fiscal year ending July 31, 2022		973			907
For the fiscal year ending July 31, 2023 and thereafter		5,015			7,493

Total minimum lease payments		9,758		$	15,656

Less amount representing interest		(3,285	)

Present value of net minimum capital lease payments		6,473
Less current portion		(378	)

Long-term capital lease obligations	$	6,095

The current portion of capital lease obligations are included in Other current liabilities and the long-term capital lease obligations are included in Other long-term liabilities, respectively, in the Consolidated Balance Sheets.

Rent expense for the fiscal years ended July 31, 2017, 2016 and 2015 was $3,560, $3,757 and $2,092, respectively.