Operating Leases (Notes)

12 Months Ended

Dec. 31, 2014

Leases of Lessee Disclosure [Text Block]

Operating Leases

The Company leases office, showroom, warehouse and retail facilities under noncancelable operating leases with terms expiring at various times through 2023. Future minimum annual lease payments under noncancelable operating leases consist of the following at December 31:



2015	$	36,797
2016	49,049
2017	34,290
2018	30,862
2019	27,880
Thereafter	78,895
Total	$	257,773

A majority of the retail store leases provide for contingent rental payments if gross sales exceed certain targets. In addition, many of the leases contain rent escalation clauses to compensate for increases in operating costs and real estate taxes. Rent expense for the years ended December 31, 2014, 2013 and 2012 was approximately $43,608, $38,527 and $33,073, respectively. Included in such amounts are contingent rents of $84, $140 and $169 in 2014, 2013 and 2012, respectively.

Note M - Operating Leases (continued)

Rent expense is calculated by amortizing total base rental payments (net of any rental abatements, construction allowances and other rental concessions), on a straight-line basis, over the lease term. Accordingly, rent expense charged to operations differs from rent paid resulting in the Company recording deferred rent.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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