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Leases, User Charges And Commitments
 12 Months Ended
Dec. 31, 2011
Leases, User Charges And Commitments [Abstract]  
Leases, User Charges And Commitments

NOTE 12. Leases, User Charges and Commitments

Minimum annual lease payments, as of December 31, 2011, under non-cancelable leases, principally for containers, chassis, equipment and real estate are payable as follows (in thousands):

Future Payments Due:

 

      Capital
Lease		     Operating
Leases and
Other
Commitments		      Total  

2012

    $ 3,198      $ 18,298       $ 21,496   

2013

      3,190        12,132         15,322   

2014

      3,190        5,502         8,692   

2015

      3,190        4,763         7,953   

2016

      3,198        3,824         7,022   

2017 and thereafter

      14,891        12,349         27,240   
  

 

 

    

 

 

     

 

 

  
   $ 30,857      $ 56,868       $ 87,725   
    

 

 

     

 

 

  

Less: Imputed interest

      (5,184 )      
  

 

 

       

Net capital lease liability

    $ 25,673        
  

 

 

       

Total rental expense included in general and administrative expense, which relates primarily to real estate, was approximately $9.9 million in 2011 and $8.0 million in both 2010 and 2009. Many of the real estate leases contain renewal options and escalation clauses which require payments of additional rent to the extent of increases in the related operating costs. We straight-line rental expense in accordance with the FASB guidance in the Leases Topic of the Codification.

We incur rental expense for our leased containers, tractors and trailers that are included in transportation costs and totaled $9.4 million, $9.3 million, and $11.5 million for 2011, 2010 and 2009, respectively.

 

We incur user charges for use of a fleet of rail owned chassis, chassis under capital lease and dedicated rail owned containers on the Union Pacific and Norfolk Southern which are included in transportation costs. Such charges were $64.0 million, $54.0 million and $50.1 million for 2011, 2010 and 2009, respectively. As of December 31, 2011, we have the ability to return the majority of the containers and pay for the rail owned chassis only when we are using them under these agreements. As a result, no minimum commitments related to these rail owned chassis and containers have been included in the table above.

As of December 31, 2011, we entered into a contract to acquire 17 acres of land in Oak Brook, IL for approximately $10.0 million and closed on this as of January 31, 2012. We will construct our corporate headquarters on this land.