LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2014

At December 31, 2014, we were obligated under noncancelable operating lease agreements for office space, vehicles, computer equipment and office equipment. Most of our leases include renewal options, purchase options or both. These provisions may be exercised by us upon the expiration of the related lease agreements. Rental expense under our operating lease agreements was $7,040, $6,521 and $6,017 for 2014, 2013 and 2012, respectively. Our most significant lease arrangement is for office space for our regional office in Galveston, Texas. This lease expired in November 2014. The monthly lease payments for this office space total approximately $175.

At December 31, 2014, our future minimum rental payments are as follows:



2015	$	5,711
2016	5,484
2017	4,657
2018	2,298
2019	1,388
Thereafter	1,461
Total	$	20,999

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details