The Company leases certain property and equipment used in its operations. Generally, the leases are for primary terms of from five to twenty years with options either to renew for additional periods or to purchase the premises and call for payment of property taxes, insurance, and maintenance by the lessee.

The following is an analysis of the leased property under capital leases by major classes:



		Asset balances at April 30,
		2012		2011
Real estate	$	11,933	$	11,933
Equipment		2,612		2,605
		14,545		14,538
Less accumulated amortization		4,378		3,918
	$	10,167	$	10,620

Future minimum payments under the capital leases and noncancelable operating leases with initial or remaining terms of one year or more consisted of the following at April 30, 2012:



		Capital		Operating leases
Years ended April 30,		leases		leases
2013	$	1,266	$	928
2014		1,262		739
2015		898		385
2016		721		199
2017		678		131
Thereafter		12,462		481
Total minimum lease payments		17,287	$	2,863
Less amount representing interest		7,642
Present value of net minimum lease payments	$	9,645

The total rent expense under operating leases was $1,269 in 2012, $674 in 2011, and $438 in 2010.