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Commitments and Contingencies
12 Months Ended
Dec. 31, 2011
Commitments and Contingencies
NOTE 16

Commitments and Contingencies

LEASES

We have operating leases covering manufacturing, office, warehouse and distribution space, equipment and vehicles expiring at various dates through 2018, as well as capital leases related to our North Carolina converting and manufacturing facilities. As leases expire, it can be expected that, in the normal course of business, certain leases will be renewed or replaced.

As of December 31, 2011, under current operating and capital lease contracts, we had future minimum lease payments as follows:

 

(In thousands)      Capital      Operating  

2012

     $ 2,287       $ 19,097   

2013

       2,330         14,765   

2014

       2,375         9,418   

2015

       2,420         5,843   

2016

       2,466         5,261   

Thereafter

       39,875         6,525   

 

 

Total future minimum lease payments

     $ 51,753       $ 60,909   

Less interest portion

       (27,193   

Present value of future minimum lease payments

     $ 24,560      

 

 

 

Rent expense was $16.1 million, $10.0 million and $10.2 million for the years ended December 31, 2011, 2010 and 2009, respectively.