Rental and Lease Information

12 Months Ended

Dec. 31, 2011

Rental and Lease Information [Abstract]

Note 18.

Rental and Lease Information

The Company has capital and operating leases for certain plant facilities, office facilities, and equipment. Rental expense for the years ended December 31, 2011, 2010 and 2009 amounted to $4,580,000, $3,674,000 and $3,672,000, respectively. Generally, land and building leases include escalation clauses.

The following is a schedule, by year, of the future minimum payments under capital and operating leases, together with the present value of the net minimum payments as of December 31, 2011:

	Capital		Operating
	Leases		Leases
Year ending December 31,	In thousands
2012	$	1,497	$	2,993
2013		34		2,365
2014		19		1,969
2015		1		1,534
2016 and thereafter		0		3,300
Total minimum lease payments		1,551	$	12,161
Less amount representing interest		61
Total present value of minimum payments		1,490
Less current portion of such obligations		1,439
Long-term obligations with interest rates ranging from 1.74% to 8.55%	$	51

Assets recorded under capital leases are as follows:

	2011		2010
	In thousands
Land Improvements	$	6,372	$	6,372
Machinery and equipment at cost		6,399		6,355
Buildings		399		399
		13,170		13,126
Less accumulated amortization		11,019		9,808
Net capital lease assets	$	2,151	$	3,318