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LEASE COMMITMENTS
12 Months Ended
Dec. 31, 2012
LEASE COMMITMENTS

7) LEASE COMMITMENTS

Four of our hospital facilities are held under operating leases with Universal Health Realty Income Trust with terms expiring in 2014 and 2016 (see Note 9 for additional disclosure). We also lease the real property of certain facilities acquired by us in connection with the acquisition of PSI in November, 2010 and the acquisition of Ascend in October, 2012 (see Item 2. Properties for additional disclosure).

A summary of property under capital lease follows (amounts in thousands):

 

     As of December 31,  
     2012     2011  

Land, buildings and equipment

   $ 27,836      $ 37,037   

Less: accumulated amortization

     (26,540     (35,264
  

 

 

   

 

 

 
   $ 1,296      $ 1,773   
  

 

 

   

 

 

 

Future minimum rental payments under lease commitments with a term of more than one year as of December 31, 2012, are as follows (amounts in thousands):

 

Year

   Capital
Leases
    Operating
Leases
 
     (000s)  

2013

   $ 2,162      $ 58,638   

2014

     1,369        50,973   

2015

     1,158        43,496   

2016

     1,068        36,952   

2017

     1,077        21,906   

Later years

     5,117        102,722   
  

 

 

   

 

 

 

Total minimum rental

   $ 11,951      $ 314,687   
    

 

 

 

Less: Amount representing interest

     (3,684  
  

 

 

   

Present value of minimum rental commitments

     8,267     

Less: Current portion of capital lease obligations

     (1,585  
  

 

 

   

Long-term portion of capital lease obligations

   $ 6,682     
  

 

 

   

We incurred no additional capital lease obligations during 2012.