Commitments

The Company conducts its branch-based operations primarily from leased facilities. The following is a schedule by fiscal year of future minimum commitments under operating leases as of year-end 2016 (in millions of dollars):



Fiscal year:
2017	$	25.3
2018	17.8
2019	11.6
2020	6.5
2021	3.4
Later years	0.9

Total	$	65.5

Lease expense for fiscal 2016, 2015 and 2014 amounted to $33.1 million, $37.5 million and $43.5 million, respectively.

In addition to operating lease agreements, the Company has entered into noncancelable purchase obligations totaling $25.7 million. These obligations relate primarily to online tools and voice and data communications services which the Company expects to utilize generally within the next two fiscal years, in the ordinary course of business. The Company has no material unrecorded commitments, losses, contingencies or guarantees associated with any related parties or unconsolidated entities. See the Debt and Retirement Benefits footnotes for commitments related to debt and pension obligations.