8. Leases

Operating Lease

The Company leases certain facilities and equipment under operating leases. Current operating lease obligations are expected to be renewed or replaced upon expiration. Future minimum lease payments under all non-cancelable leases expiring beyond one year as of December 31, 2013 are as follows:


	(In thousands)
2014	$	8,237
2015		6,095
2016		2,237
2017		940
2018		729
Thereafter		122

	$	18,360

Total rent expense amounted to approximately $9.4 million, $9.9 million and $11.1 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Capital Lease

During the year 2011, the Company acquired leasehold improvements under capital lease. Future minimum annual lease commitments under capital leases as of December 31, 2013 are as follows:


	(In thousands)
2014	$	200
2015		200
2016		10
2017		0
2018		0

	$	410
Less: Amount representing interest		45

Present value of minimum lease payments		365
Less: Current installments of obligations under capital leases		170

	$	195

Leasehold improvements under capital lease amounted to $0.96 million and $1.09 million, recorded under property and equipment, as at December 31, 2013 and December 31, 2012, respectively. Accumulated depreciation on the capital lease amounted to $0.40 million and $0.30 million, as at December 31, 2013 and December 31, 2012, respectively. Depreciation expense under capital lease amounted to approximately $0.14 million for the year ended December 31, 2013, $0.16 for the year ended December 31, 2012 and $0.17 for the year ended December 31, 2011.

The capital lease liability of $0.45 million has been recorded under current liability and noncurrent liability, for $0.17 million and $0.28 million, respectively.