LEASES

Leased property consisted primarily of 1,405 of our retail stores and certain transportation, information technology and other office equipment. Many of the store leases obligate us to pay for our applicable portion of real estate taxes, CAM, and property insurance. Certain store leases provide for contingent rents, have rent escalations, and have tenant allowances or other lease incentives. Many of our leases contain provisions for options to renew or extend the original term for additional periods.

Total rent expense, including real estate taxes, CAM, and property insurance, charged to continuing operations for operating leases consisted of the following:



(In thousands)	2014		2013		2012
Minimum leases	$	314,276	$	309,935	$	290,347
Contingent leases	312		308		416
Total rent expense	$	314,588	$	310,243	$	290,763

Future minimum rental commitments for leases, excluding closed store leases, real estate taxes, CAM, and property insurance, at January 31, 2015, were as follows:



Fiscal Year	(In thousands)
2015	$	248,122
2016	208,356
2017	165,037
2018	128,974
2019	85,542
Thereafter	108,629
Total leases	$	944,660

We have obligations for capital leases primarily for store asset protection equipment and office equipment, included in accrued operating expenses and other liabilities on our consolidated balance sheet. Scheduled payments for all capital leases at January 31, 2015, were as follows:



Fiscal Year	(In thousands)
2015	$	4,010
2016	3,938
2017	3,584
2018	2,881
2019	2,881
Thereafter	5,045
Total lease payments	$	22,339
Less amount to discount to present value	(2,869		)
Capital lease obligation per balance sheet	$	19,470