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Leases

New Corporate Office Lease

In late December 2013 the Company executed a new lease for office space at 1250 Wood Branch Park Drive, Houston, Texas. The lease covers approximately 13,000 square feet.

The term of the lease is 64 months and commenced upon completion of tenant improvements, which were completed in March 2014.

The Company leases equipment (principally trucks and forklifts) 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, 2015 and 2014, amounted to approximately $0.4 million and $0.3 million, respectively.

The following is a schedule of future lease payments:

Year Ending December 31,	Amount
	(In thousands)
2016	$	690
2017		629
2018		596
2019		411
2020		207
	$	2,533