14. Commitments

Leases

We conduct retail operations under operating leases, which expire at various dates through 2034. Some of the leases contain escalation clauses, as well as renewal options, and provide for contingent rent based upon sales plus certain tax and maintenance costs. The Company also has a capital lease for a warehouse/manufacturing facility located in the UK, expiring in 2045.

Future minimum rental payments (excluding real estate tax and maintenance costs) for retail locations and other operating leases that have initial or non-cancelable lease terms as well as the aformentioned capital lease are as follows for the fiscal year ending September 30:

	Operating Leases		Captial Lease
2016	$	126,494	$	2,405
2017		109,869		2,405
2018		97,434		2,405
2019		87,803		2,405
2020		76,710		2,405
Thereafter		284,792		59,767

Total	$	783,102		71,792


Less amount representing interest				(24,352	)

Net present value of minimum lease payments				47,440
Less current installments				(998	)

Long-term capital lease obligations less current installments			$	46,442

Operating lease rent expense (including real estate taxes and maintenance costs) and leases on a month to month basis were approximately $148,766, $154,889 and $146,843 during fiscal years ended September 30, 2015, 2014 and 2013, respectively.

Purchase Commitments

We were committed to make future purchases primarily for inventory related items, such as raw materials and finished goods, under various purchase arrangements with fixed price provisions aggregating approximately $273,734 at September 30, 2015.