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Leases
12 Months Ended
Dec. 31, 2014
Leases  
Leases

 

Note J — Leases

 

We lease real estate and certain equipment under numerous lease agreements, most of which contain some renewal options.  The total rent expense applicable to operating leases was $15.4 million, $14.5 million and $14.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.

 

Step rent provisions and escalation clauses, normal tenant improvements, rent holidays and other lease concessions are taken into account in computing minimum lease payments.  We recognize the minimum lease payments on a straight-line basis over the minimum lease term.

 

The future minimum rental commitments for all non-cancelable operating leases with terms in excess of one year as of December 31, 2014 are as follows:

 

Operating Leases

 

In thousands

 

 

 

2015

 

$

10,012 

 

2016

 

6,380 

 

2017

 

5,163 

 

2018

 

3,340 

 

2019

 

1,697 

 

Thereafter

 

1,466 

 

 

 

$

28,058 

 

 

We also lease certain equipment and software under capital leases.  Our capital lease obligations at year-end were as follows:

 

In thousands

 

2014

 

2013

 

Current portion of capital leases

 

$

134 

 

$

257 

 

Long-term portion of capital leases

 

185 

 

204 

 

Total capital lease obligation

 

$

319 

 

$

461 

 

 

The future minimum lease payments for all capital leases operating as of December 31, 2014 are as follows:

 

Capital Leases

 

In thousands

 

 

 

2015

 

$

134 

 

2016

 

98 

 

2017

 

59 

 

2018

 

23 

 

2019

 

 

Thereafter

 

 

 

 

$

319