LEASE COMMITMENTS

9 Months Ended

Sep. 30, 2014

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 September 30, 2014, future minimum rental commitments under noncancellable operating leases with initial terms of at least one year were as follows (amounts in thousands):



October 1 - December 31, 2014	$	2,627
2015	5,709
2016	5,572
2017	3,557
2018	1,978
Thereafter	2,608
Total future minimum lease payments	$	22,051

At September 30, 2014, 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):



October 1 - December 31, 2014	$	877
2015	1,074
2016	643
2017	275
2018	78
Thereafter	66
Total future capital lease obligation payments	3,013
Less amount representing interest	(89		)
Present value of future capital lease obligation payments	$	2,924

- 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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