LEASE COMMITMENTS

3 Months Ended

Mar. 31, 2016

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, 2016, 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, 2016	$	1,637
2017	3,315
2018	1,897
2019	1,452
2020	996
Thereafter	520
Total future minimum lease payments	$	9,817

At March 31, 2016, the Company had assets held as capital leases with a net book value of $8.0 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, 2016	$	785
2017	496
2018	217
2019	151
2020	18
Thereafter	32
Total future capital lease obligation payments	1,699
Less amount representing interest	(32		)
Present value of future capital lease obligation payments	$	1,667