XML 53 R22.htm IDEA: XBRL DOCUMENT v2.4.1.9
COMMITMENTS AND CONTINGENCIES
12 Months Ended
Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]  
COMMITMENTS AND CONTINGENCIES
NOTE 14 - COMMITMENTS AND CONTINGENCIES

The Company leases equipment, automobiles and office facilities under various operating leases. The future minimum rental commitments as of December 31, 2014, for non-cancelable leases are as follows (in thousands):

2015
$26,999
2016
21,242
2017
16,171
2018
10,151
2019
4,754
Thereafter
8,348

Rental expense for operating leases was $32.3 million, $27.6 million and $21.6 million for the years ended December 31, 2014, 2013 and 2012, respectively.

The Company’s commitments related to long-term debt are discussed in Note 9.

From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While DXP is unable to predict the outcome of these lawsuits, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on DXP’s consolidated financial position, cash flows, or results of operations.