15. LEASES

The Company has operating leases principally for land, buildings and equipment and also leases certain real estate and transportation equipment under various capital leases expiring between 2016 and 2027. Future minimum rental payments required under capital and operating leases as of July 31, 2016 are as follows:


	Capital Leases			Operating Leases
For the fiscal year ending July 31, 2017	$	943		$	2,517
For the fiscal year ending July 31, 2018		948			1,864
For the fiscal year ending July 31, 2019		938			1,437
For the fiscal year ending July 31, 2020		933			849
For the fiscal year ending July 31, 2021		951			619
For the fiscal year ending July 31, 2022 and thereafter		5,988			5,628

Total minimum lease payments		10,701		$	12,914

Less amount representing interest		(3,887	)

Present value of net minimum capital lease payments		6,814
Less current portion		341

Long-term capital lease obligations	$	6,473

The current portion of capital lease obligations are included in Other current liabilities and the long-term capital lease obligations are included in Other long-term liabilities, respectively, in the Consolidated Balance Sheets.

Rent expense for the fiscal years ended July 31, 2016, 2015 and 2014 was $3,757, $2,092 and $1,700, respectively.