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Leases and Rentals
12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
Leases and Rentals
LEASES AND RENTALS
Operating Leases
The Company leases certain offices, buildings, automobiles, computers, land and other equipment under operating leases. As of December 31, 2017, such leases expire at various dates through 2022 and may include renewal and payment escalation clauses. The Company often pays maintenance, insurance and tax expense related to leased assets. Rental expenses under our operating leases were $3.5 million, $6.0 million and $5.0 million for 2017, 2016 and 2015, respectively. Future operating lease payments under non-cancellable operating leases with an initial term in excess of one year as of December 31, 2017 are shown below.
(In thousands)

Payments due
2018

$
3,626

2019

953

2020

711

2021

213

2022

10

Total minimum lease payments

$
5,513


The lease of our current corporate headquarters in Colorado Springs, Colorado expires in August 2018. We entered into a new lease agreement for another headquarter office in Colorado Springs in February 2018. The lease obligation for the new office is $8.3 million over 10 years.
Capital Leases
There was $0.1 million, $0.3 million and $0.5 million of depreciation on capital leases during the years ended December 31, 2017, 2016 and 2015, respectively. Capital lease terms vary in length from 24 to 60 months.
The following is a schedule, by year, of future minimum lease payments under capital leases, together with the present value of the net minimum lease payments as of December 31, 2017:
(In thousands)

Amount
2018
 
$
74

2019

48

Total minimum lease payments

122

Less: estimated executory costs


Net minimum lease payments

122

Less: amount representing interest

(1
)
Present value of net minimum lease payments

$
121


Capital leases included in property, plant and equipment, net (See Note 10, "Property, Plant and Equipment"):
 

December 31,
(In thousands)

2017

2016
Machinery and equipment

$
1,625

 
$
1,625

Accumulated depreciation

(1,504
)
 
(1,409
)
Machinery and equipment, net

$
121

 
$
216


Capital lease obligations consisted of the following:


December 31,
(In thousands)

2017

2016
Other accrued liabilities

$
73

 
$
69

Other non-current liabilities

48

 
111

Total

$
121

 
$
180