Lease Commitments

12 Months Ended

Dec. 31, 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 $4.2 million, $4.8 million, and $4.5 million for fiscal 2016, 2015, and 2014, respectively.

At December 31, 2016, our total operating lease commitments were as follows:



	(In thousands)
2017	$	4,964
2018	4,629
2019	985
2020	196
2021	51
Thereafter	—
Total	$	10,825

Capital Leases

We have entered into certain long-term, non-cancelable capital leases for certain logistics equipment and vehicles. As of December 31, 2016, the acquisition value and net book value of assets under capital leases was $20.8 million and $9.0 million, respectively. 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.

At December 31, 2016, our total commitments under capital leases recorded in the Consolidated Balance Sheets in “other current liabilities” and “other non-current liabilities” were as follows:



	Principal		Interest
	(In thousands)
2017	$	3,019	$	611
2018	3,197		432
2019	2,510		242
2020	2,021		92
2021	623		17
Thereafter	—		—
Total	$	11,370	$	1,394