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Operating Leases
12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Operating Leases

Note 20: Operating Leases

Operating lease expense incurred primarily for manufacturing and office space, machinery, and equipment was $40.6 million, $32.8 million, and $26.5 million in 2015, 2014, and 2013, respectively.

Minimum annual lease payments for noncancelable operating leases in effect at December 31, 2015 are as follows (in thousands):

 

2016

   $ 24,331   

2017

     17,270   

2018

     13,580   

2019

     10,845   

2020

     8,490   

Thereafter

     18,958   
  

 

 

 
   $ 93,474   
  

 

 

 

Certain of our operating leases include step rent provisions and rent escalations. We include these step rent provisions and rent escalations in our minimum lease payments obligations and recognize them as a component of rental expense on a straight-line basis over the minimum lease term.