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, 2017, 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, 2017	$	4,970
2018	4,571
2019	3,612
2020	2,297
2021	2,354
Thereafter	1,365
Total future minimum lease payments	$	19,169

At March 31, 2017, the Company had assets held as capital leases with a net book value of $6.9 million included in property, plant and equipment. At March 31, 2017, total future capital lease obligations relating to these leases were as follows (amounts in thousands):



April 1 - December 31, 2017	$	365
2018	212
2019	162
2020	18
2021	2
Total future capital lease obligation payments	759
Less amount representing interest	(11		)
Present value of future capital lease obligation payments	$	748