Lease Commitments

12 Months Ended

Jan. 02, 2016

Lease Commitments

Operating Leases

The Company leases real property, logistics equipment, and office equipment under long-term, non-cancelable operating leases. Certain of our operating leases have extension options and escalation clauses. Our real estate leases also provide for payments of other costs such as real estate taxes, insurance, and common area maintenance, which are not included in rental expense, sublease income, or the future minimum rental payments as set forth below. Total rental expense was approximately $4.8 million, $4.5 million, and $4.8 million for fiscal years 2015, 2014, and 2013, respectively.

At January 2, 2016, our total operating lease commitments were as follows:



	(In thousands)
2016	$	5,695
2017	5,714
2018	5,370
2019	2,218
2020	1,601
Thereafter	8,689
Total	$	29,287

Capital Leases

We have entered into certain long-term, non-cancelable capital leases for certain logistics equipment and vehicles. These capital leases have maturities of 3 to 7 years and interest rates ranging from 4.0% to 9.1%. As of January 2, 2016, the acquisition value and net book value of assets under capital leases was $22.1 million and $11.5 million, respectively. As of January 3, 2015, the basis and net book value of assets under capital leases was $16.4 million and $9.0 million, respectively.

At January 2, 2016, our total commitments under capital leases were as follows:



	Principal		Interest
	(In thousands)
2016	$	2,619	$	598
2017	2,290		440
2018	2,401		289
2019	1,598		152
2020	1,149		60
Thereafter	559		16
Total	$	10,616	$	1,555