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Leases

New Corporate Office Lease

In December 2013, the Company executed a 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 also leases equipment (principally trucks and forklifts) under operating lease agreements that expire at various dates to 2021. Rental expense relating to operating leases and other short-term leases for the years ended December 31, 2016 and 2015, amounted to approximately $0.70 million and $0.68 million, respectively.

The following is a schedule of future minimum lease payments:

Year Ending December 31,	Amount
	(In thousands)
2017	$	698
2018		631
2019		438
2020		241
2021		215
	$	2,223