Operating Leases

12 Months Ended

Dec. 31, 2014

18.

OPERATING LEASES

The Company leases equipment and office space under noncancellable operating leases and month-to-month rental agreements.

The following is a schedule, by year, of future minimum rental payments required under operating leases having initial or remaining noncancellable terms in excess of one year as of December 31, 2014 (dollars in thousands):


Year ending December 31,
2015	$	454
2016		330
2017		256
2018		225
2019		168
2020		143

Total rental expense under all operating leases was $0.8 million and $0.3 million in 2014 and 2013, respectively.

- Definition

The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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