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 2018 and 2028. Future minimum rental payments required under capital and operating leases as of July 31, 2018 are as follows:


	Capital Leases			Operating Leases
For the fiscal year ending July 31, 2019	$	977		$	2,301
For the fiscal year ending July 31, 2020		974			1,544
For the fiscal year ending July 31, 2021		993			1,259
For the fiscal year ending July 31, 2022		1,015			1,046
For the fiscal year ending July 31, 2023		1,037			1,011
For the fiscal year ending July 31, 2024 and thereafter		4,098			6,723

Total minimum lease payments		9,094		$	13,884

Less amount representing interest		(2,999	)

Present value of net minimum capital lease payments		6,095
Less current portion		(410	)

Long-term capital lease obligations	$	5,685

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, 2018, 2017 and 2016 was $3,804, $3,560 and $3,757, respectively.