XML 34 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
OPERATING LEASES AND COMMITMENTS
12 Months Ended
Dec. 31, 2018
OPERATING LEASES AND COMMITMENTS  
OPERATING LEASES AND COMMITMENTS

 

NOTE F – OPERATING LEASES AND COMMITMENTS

 

While the Company maintains ownership of most of its larger service centers 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 $27.3 million, $31.7 million, and $26.7 million in 2018, 2017, and 2016, respectively.

 

The future minimum rental commitments, net of minimum rentals to be received under noncancelable subleases, as of December 31, 2018 for all noncancelable operating leases were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment

 

 

 

 

 

 

Land and

 

and

 

 

    

Total

    

Structures(1)

    

Other

  

 

 

 

(in thousands)

 

2019

 

$

19,130

 

$

18,067

 

$

1,063

 

2020

 

 

14,620

 

 

13,676

 

 

944

 

2021

 

 

10,972

 

 

10,716

 

 

256

 

2022

 

 

7,125

 

 

7,125

 

 

 —

 

2023

 

 

4,477

 

 

4,477

 

 

 —

 

Thereafter

 

 

5,850

 

 

5,850

 

 

 —

 

 

 

$

62,174

 

$

59,911

 

$

2,263

 


(1)

Excludes future minimum payments for leases which were executed but had not yet commenced as of December 31, 2018 of approximately $21.0 million which will be paid over 10 years.