LEASE COMMITMENTS

6 Months Ended

Jun. 30, 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 June 30, 2013, future minimum rental commitments under noncancellable operating leases with initial terms of at least one year were as follows (amounts in thousands):



July 1 - December 31, 2013	$	7,401
2014	7,320
2015	4,627
2016	3,590
2017	5,776
Total future minimum lease payments	$	28,714

At June 30, 2013, the Company had assets held as capital leases with a net book value of $9.4 million included in property, plant and equipment. Total future capital lease obligations relating to these leases are as follows (amounts in thousands):



July 1 - December 31, 2013	$	854
2014	899
2015	522
2016	304
2017	135
Thereafter	112
Total future capital lease obligation payments	2,826
Less amount representing interest	(171		)
Present value of future capital lease obligation payments	$	2,655

- 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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