Leases

Our operations utilize property, facilities and equipment leased from others. Buildings and facilities are primarily used for restaurants and support facilities. Many of our restaurants are operated under lease arrangements which generally provide for a fixed basic rent, and, in many instances, contingent rent based on a percentage of gross revenues. Initial terms of land and restaurant building leases generally range from 10 to 15 years, exclusive of options to renew, which are typically for five year periods. Leases of other equipment consist primarily of restaurant equipment, computer systems and vehicles.

Minimum future lease commitments and amounts to be received as lessor or sublessor under non-cancelable leases, including leases for both open and closed restaurants, at December 26, 2012 were as follows:



	Commitments				Lease Receipts
	Capital		Operating		Operating
	(In thousands)
2013	$	7,364	$	36,420	$	36,563
2014	6,243		34,081		34,586
2015	4,578		29,432		31,244
2016	3,470		26,578		29,271
2017	2,909		23,936		27,260
Thereafter	9,662		98,768		142,203
Total	34,226		$	249,215	$	301,127
Less imputed interest	14,092
Present value of capital lease obligations	$	20,134

Rent expense is a component of both occupancy expense and costs of franchise and license revenue in our Consolidated Statements of Income. Lease and sublease rental income is a component of franchise and license revenue in our Consolidated Statements of Income. Net rental expense was comprised of the following:



	Fiscal Year Ended
	December 26, 2012		December 28, 2011		December 29, 2010
	(In thousands)
Rental expense:
Base rents	$	38,326	$	40,278	$	42,575
Contingent rents	5,762		5,575		4,374
Total rental expense	$	44,088	$	45,853	$	46,949
Rental income:
Base rents	$	37,363	$	35,337	$	35,882
Contingent rents	3,871		2,812		2,660
Total rental income	$	41,234	$	38,149	$	38,542
Net rental expense:
Base rents	$	963	$	4,941	$	6,693
Contingent rents	1,891		2,763		1,714
Net rental expense	$	2,854	$	7,704	$	8,407