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Rental And Lease Information
12 Months Ended
Dec. 31, 2015
Rental and Lease Information [Abstract]  
Rental and Lease Information

Note 17.

 

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, 2015, 2014, and 2013 amounted to $4,611, $3,062, and $3,333, 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 at December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

Operating

Year ending December 31,

 

Leases

 

Leases

 

 

 

2016

$

694 

$

4,310 

2017

 

636 

 

3,680 

2018

 

591 

 

2,429 

2019

 

517 

 

1,702 

2020

 

244 

 

1,407 

2021 and thereafter

 

 -

 

6,600 

Total minimum lease payments

 

2,682 

$

20,128 

Less amount representing interest

 

175 

 

 

Total present value of minimum payments with interest rates ranging from 3.00% to 5.25%

$

2,507 

 

 

 

Assets recorded under capital leases are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

Machinery and equipment at cost

 

3,157 

 

638 

Less accumulated amortization

 

450 

 

181 

Net capital lease assets

$

2,707 

$

457