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Lease Obligations
 12 Months Ended
Dec. 31, 2014
Leases [Abstract]  
Lease Obligations
Lease Obligations

The Company entered into various master lease agreements for press and finishing equipment. These leases provide the Company with options to purchase the related equipment at the termination value, as defined, and at various early buyout dates during the term of the lease. These leases are accounted for as capital leases on the consolidated balance sheets.

Assets recorded under capital leases are as follows as of December 31, 2014 and 2013:

 
2014
 
2013
Leased press and finishing equipment—gross
$
37.1

 
$
70.8

Less: accumulated depreciation
(26.2
)
 
(62.0
)
Leased presses and finishing equipment—net
$
10.9

 
$
8.8



At December 31, 2014, the future maturities of capitalized leases consisted of the following:

2015
$
4.6

2016
4.1

2017
3.3

2018
1.3

2019
0.6

2020 and thereafter
0.9

Total minimum payments
$
14.8

Less: amounts representing interest
(0.9
)
Present value of minimum payments
$
13.9

Less: current portion
(4.2
)
Long-term capital lease obligations
$
9.7



The Company has various operating lease agreements. Future minimum rental commitments under non-cancelable leases are as follows:

2015
$
41.2

2016
34.3

2017
27.3

2018
21.1

2019
15.1

2020 and thereafter
34.7

Total
$
173.7



Rent expense under these operating lease agreements totaled $39.6 million, $36.9 million and $33.2 million during the years ended December 31, 2014, 2013 and 2012, respectively.