13. COMMITMENTS

The Company operates retail shoe stores under both short-term and long-term leases. Leases provide for a minimum rental plus percentage rentals based upon sales in excess of a specified amount. The Company also leases office space in the U.S. and its distribution facilities in Canada and overseas. Total minimum rents were $9.7 million in 2014, $9.5 million in 2013 and $9.6 million in 2012. Percentage rentals were $512,000 in 2014, $430,000 in 2013, and $1.2 million in 2012.

Future fixed and minimum rental commitments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2014, are shown below. Renewal options exist for many long-term leases.

Dollars in thousands)	Operating Leases
2015	$	8,579
2016		7,265
2017		6,221
2018		5,024
2019		4,539
Thereafter		6,015
Total	$	37,643

At December 31, 2014, the Company also had purchase commitments of approximately $80.8 million to purchase inventory, all of which were due in less than one year.