OPERATING LEASES

We lease certain properties and equipment with lease terms expiring through 2045. In most instances, the property leases provide for the renegotiation of rental terms at fixed intervals, and generally contain renewal options for periods ranging from five to 15 years.

Net rent expense for all operating leases for the years ended December 31, 2015, 2014 and 2013 is summarized as follows:



	Year Ended December 31,
	2015			2014		2013
	(Dollars in thousands)
Rent expense charged to net occupancy	$	9,287		$	10,210	$	9,840
Less sublease income	(25		)	—		(52		)
Net rent expense charged to net occupancy	9,262			10,210		9,788
Rent expense charged to equipment expense	30			53		93
Total net rent expense	$	9,292		$	10,263	$	9,881

The following is a schedule of future minimum rental commitments for all noncancellable operating leases that had initial lease terms in excess of one year at December 31, 2015 (in thousands):



Year Ending December 31:
2016	$	7,317
2017	5,991
2018	4,903
2019	4,095
2020	3,640
Thereafter	23,817
Total	$	49,763

In addition, the Company, as lessor, leases certain properties that it owns. The following is a schedule of future minimum rental income for those noncancellable operating leases that had initial lease terms in excess of one year at December 31, 2015 (in thousands):



Year Ending December 31:
2016	$	2,602
2017	2,063
2018	1,170
2019	559
2020	248
Thereafter	421
Total	$	7,063

In instances where the lease calls for a renegotiation of rental payments, the lease rental payment in effect prior to renegotiation was used throughout the remaining lease term.