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OPERATING LEASES | 12 Months Ended
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Dec. 31, 2016
Leases, Operating [Abstract] |
OPERATING LEASES | 19. OPERATING LEASES We lease certain property 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, 2016, 2015 and 2014 is summarized as follows:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
| (Dollars in thousands)
Rent expense charged to net occupancy | $ | 8,700 |  |  | $ | 9,287 |  |  | $ | 10,210 |
Less: sublease income | (43 | ) |  | (25 | ) |  | — |
Net rent expense charged to net occupancy | 8,657 |  |  | 9,262 |  |  | 10,210 |
Add: rent expense charged to equipment expense | 19 |  |  | 30 |  |  | 53 |
Total net rent expense | $ | 8,676 |  |  | $ | 9,292 |  |  | $ | 10,263 |
The following is a schedule of future minimum rental commitments for all non-cancellable operating leases that had initial lease terms in excess of one year at December 31, 2016 (in thousands):
Year Ending December 31: |
2017 | $ | 6,564 |
2018 | 5,810 |
2019 | 5,314 |
2020 | 4,851 |
2021 | 4,317 |
Thereafter | 21,488 |
Total | $ | 48,344 |
In addition, the Company, as lessor, leases certain properties that it owns. The following is a schedule of future minimum rental income for those non-cancellable operating leases that had initial lease terms in excess of one year at December 31, 2016 (in thousands):
Year Ending December 31: |
2017 | $ | 2,109 |
2018 | 1,089 |
2019 | 476 |
2020 | 250 |
2021 | 200 |
Thereafter | 230 |
Total | $ | 4,354 |
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.

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- Definition This element represents Operating Leases. + References No definition available. + Details
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- References No definition available. + Details
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