XML 28 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Leases Commitments
12 Months Ended
Dec. 31, 2018
Leases [Abstract]  
Lease Commitments

6.

Lease Commitments

At December 31, 2018, the Company was obligated under a number of long-term operating leases, some of which contain renewal options with escalation clauses commensurate with local market fluctuations, however, generally limiting an annual increase to no more than 5.0% of the existing lease payment.

Minimum future obligations under such leases as of December 31, 2018 are summarized as follows:

 

(amounts in thousands)

 

 

 

 

2019

 

$

5,586

 

2020

 

 

4,420

 

2021

 

 

3,050

 

2022

 

 

2,166

 

2023

 

 

1,411

 

Later years

 

 

1,192

 

Minimum future obligations

 

$

17,825

 

 

The operating lease obligations relate to the rental of office space, office equipment, and automobiles leased in Europe. Total rental expense under such operating leases for 2018, 2017, and 2016 was approximately $6.6 million, $5.9 million, and $5.7 million, respectively.