RENTAL EXPENSE, LEASES AND COMMITMENTS

12 Months Ended

Dec. 30, 2017

RENTAL EXPENSE, LEASES AND COMMITMENTS

RENTAL EXPENSE, LEASES AND COMMITMENTS

9. RENTAL EXPENSE, LEASES AND COMMITMENTS

The Company leases certain of its facilities and equipment and is required to pay the related taxes, insurance and certain other expenses. Rental expense was $3,779,000 and $4,595,000 for 2017 and 2016, respectively.

Future minimum rental commitments under non-cancelable operating leases for 2018 and thereafter are as follows: 2018 – $2,000,000; 2019 – $913,000; 2020 – $769,000; 2021 – $677,000; 2022 – $664,000 and thereafter – $1,740,000. The commitments do not include any amounts related to minimum royalty payments due on a contested aggregates property lease in conjunction with the Pueblo, Colorado operation as discussed in Note 2. The commitments do include amounts expected to be reimbursed to the Company by related party tenants as discussed in Note 13. These related party amounts for 2018 and thereafter are as follows: 2018 – $169,000; 2019 – $171,000; 2020 – $174,000; 2021 – $177,000; 2022 –  $180,000 and thereafter – $878,000.