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 31, 2014 were as follows:



	Commitments				Lease Receipts
	Capital		Operating		Operating
	(In thousands)
2015	$	6,451	$	31,904	$	30,610
2016	5,561		29,473		28,546
2017	4,967		26,658		26,531
2018	3,738		22,376		23,072
2019	2,970		18,145		19,062
Thereafter	9,306		65,611		97,165
Total	32,993		$	194,167	$	224,986
Less imputed interest	14,180
Present value of capital lease obligations	$	18,813

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. Rental expense and income were comprised of the following:



	Fiscal Year Ended
	December 31, 2014		December 25, 2013		December 26, 2012
	(In thousands)
Rental expense:
Base rents	$	33,402	$	35,667	$	38,326
Contingent rents	5,535		5,412		5,762
Total rental expense	$	38,937	$	41,079	$	44,088

Rental income:
Base rents	$	33,926	$	36,183	$	37,363
Contingent rents	4,608		4,389		3,871
Total rental income	$	38,534	$	40,572	$	41,234