Rental And Lease Information

12 Months Ended

Dec. 31, 2014

Rental and Lease Information [Abstract]

Rental and Lease Information

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, 2014, 2013, and 2012 amounted to $3,062, $3,333, and $3,762, 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, 2014:

		Capital		Operating
Year ending December 31,		Leases		Leases
2015	$	156	$	2,512
2016		149		1,850
2017		91		1,809
2018		68		1,635
2019		11		1,484
2020 and thereafter		-		7,818
Total minimum lease payments		475	$	17,108
Less amount representing interest		28
Total present value of minimum payments		447
Less current portion of such obligations		142
Long-term obligations with interest rates ranging from 2.95% to 5.25%	$	305

Assets recorded under capital leases are as follows:

		2014		2013
Land improvements		-		6,373
Machinery and equipment at cost		638		6,427
Buildings		-		399
		638		13,199
Less accumulated amortization		181		12,676
Net capital lease assets	$	457	$	523

Included in the Company’s 2012 “Other income” in the Consolidated Statements of Operations aregains totaling $577 which were recognized in connection with the Company’s 2008 sale-leaseback transaction. Including this amount, the Company recorded approximately $456 within “Other Income” related to this transaction for the period ended December 31, 2012.