(9)

Leases

The Company leases equipment (principally trucks) under operating lease agreements that expire at various dates to 2016. Rental expense relating to operating leases and other short-term leases for the years ended December 31, 2011 and 2010, amounted to approximately $1.0 million and $767,000, respectively.

The following is a schedule of future minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2011:


Year Ending December 31,	Amount
	(In thousands)
2012	$	246
2013		198
2014		149
2015		85
2016		9

	$	687

In March, 2008, the Company entered into a capital lease in order to finance shop equipment and related training expenses related to its American Access segment. The lease term commenced in June, 2008, when the equipment was installed and operational. The lease obligation and capitalized amount at inception was $725,000 and the lease term is 60 months. The following is a schedule of future minimum lease payments associated with the Company's capital lease obligation:


Year Ending December 31,	Amount
	(In thousands)
2012	$	154
2013		67

Total future minimum lease payments		221
Less imputed interest		(10	)

Net present value of future minimum lease payments	$	211