Rental And Lease Information

12 Months Ended

Dec. 31, 2013

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, 2013, 2012 and 2011 amounted to $3,333, $3,762 and $4,367, 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, 2013:



		Capital		Operating
Year ending December 31,		Leases		Leases

2014	$	34	$	2,897
2015		17		2,430
2016		9		1,593
2017		-		1,535
2018		-		1,449
2019 and thereafter		-		9,219
Total minimum lease payments		60	$	19,123
Less amount representing interest		4
Total present value of minimum payments		56
Less current portion of such obligations		31
Long-term obligations with interest rates ranging from 3.75% to 8.46%	$	25

Assets recorded under capital leases are as follows:



		2013		2012


Land improvements	$	6,373	$	6,373
Machinery and equipment at cost		6,427		6,395
Buildings		399		399
		13,199		13,167
Less accumulated amortization		12,676		12,556
Net capital lease assets	$	523	$	611

Included in the Company’s 2012 and 2011 “Other income” in the Consolidated Statements of Operations are gains recognized in connection with the Company’s 2008 sale-leaseback transaction. During 2011, the Company provided the lessor of the Houston, TX property with written notice of the Company’s termination of the lease in its entirety effective April 30, 2012. As a result of this termination, during 2012 the Company recognized $577 of previously deferred gain which was recorded in other income in the Consolidated Statement of Operations. Including this amount, the Company recorded approximately $456 and $1,081 within “Other Income” related to this transaction for the periods ended December 31, 2012 and 2011, respectively.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details