LEASE COMMITMENTS

3 Months Ended

Mar. 31, 2013

The Company leases certain buildings and equipment under operating leases. Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance and insurance by the Company.

At March 31, 2013, future minimum rental commitments under noncancellable operating leases with initial terms of at least one year were as follows (amounts in thousands):



April 1 - December 31, 2013	$	6,196
2014	5,302
2015	4,091
2016	3,913
2017	6,119
Total future minimum lease payments	$	25,621

At March 31, 2013, the Company had assets held as capital leases with a net book value of $9.8 million included in property, plant and equipment. Total future capital lease obligations relating to these leases are as follows (amounts in thousands):



April 1 - December 31, 2013	$	1,103
2014	961
2015	588
2016	319
2017	132
Thereafter	134
Total future capital lease obligation payments	3,237
Less amount representing interest	(161		)
Present value of future capital lease obligation payments	$	3,076

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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