LEASE COMMITMENTS

12 Months Ended

Dec. 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. Total rental expense was $7.6 million, $2.2 million and $1.5 million for the years ended December 31, 2013, 2012 and 2011, respectively.

At December 31, 2013, future minimum rental commitments under noncancellable operating leases with initial or remaining terms in excess of one year are as follows (amounts in thousands):



2014	$	5,441
2015	5,054
2016	3,417
2017	2,143
2018	1,530
Thereafter	1,415
Total future minimum lease payments	$	19,000

At December 31, 2013, the Company had assets held as capital leases with a net book value of $10.4 million included in property, plant and equipment. Total future capital lease obligations relating to these leases are as follows (amounts in thousands):



2014	$	1,453
2015	1,059
2016	696
2017	152
2018	6
Thereafter	—
Total future capital lease obligation payments	3,366
Less amount representing interest	(118		)
Present value of future capital lease obligation payments	$	3,248

- 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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