Minimum Lease Commitments

12 Months Ended

Dec. 31, 2016

The Company occupies certain facilities under operating lease agreements. Gross rental expense related to the Company’s operating leases were $17.4 million in 2016, $15.7 million in 2015, and $10.5 million in 2014. The Company also leases certain owned premises and receives rental income from such lease agreements. Gross rental income related to the Company’s buildings totaled $8.9 million, $7.7 million and $6.9 million, in 2016, 2015 and 2014, respectively. The approximate minimum annual gross rental payments and gross rental receipts under noncancelable agreements for office space with remaining terms in excess of one year as of December 31, 2016, are as follows (in thousands):



	Payments		Receipts
2017	$	10,598	$	4,986
2018	12,299		4,145
2019	11,730		2,764
2020	12,196		2,155
2021	10,686		1,633
2022 and thereafter	109,406		3,057
Total minimum future amounts	$	166,915	$	18,740