OPERATING LEASES AND COMMITMENTS

12 Months Ended

Dec. 31, 2014

NOTE G — OPERATING LEASES AND COMMITMENTS

While the Company maintains ownership of most of its larger terminals and distribution centers, certain facilities and equipment are leased. Certain of the leases are renewable for additional periods with similar rent payments. Rental expense for operating leases, including rentals with initial terms of less than one year, totaled $30.2 million, $24.1 million, and $20.3 million in 2014, 2013, and 2012, respectively.

The future minimum rental commitments as of December 31, 2014 for all noncancelable operating leases were as follows:

			Land and		Equipment
	Total		Structures		and Other
	(in thousands)

2015	$	13,969	$	13,071	$	898
2016	10,759		10,554		205
2017	8,669		8,550		119
2018	7,165		7,086		79
2019	5,636		5,573		63
Thereafter	11,225		11,225		—
	$	57,423	$	56,059	$	1,364

As of December 31, 2014, the Company had an $11.8 million commitment to acquire a general office building and service bay to replace certain Panther leased facilities.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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