10.

LEASES

The Company leases office space, storage warehouses and certain office and plant equipment under various operating leases. Minimum annual payments under these non-cancelable leases as of December 31, 2016 were as follows (in thousands):


Year Ending December 31,
2017	$	9,606
2018		9,271
2019		8,205
2020		6,477
2021		6,170
Thereafter		18,659

Total minimum lease payments	$	58,388

For the years ended December 31, 2016, 2015 and 2014, the Company recognized rental expenses of approximately $9.9 million, $7.7 million and $7.5 million, respectively.

For information related to the Company’s reconsidered corporate headquarters lease agreement, see Note 13.