LEASES

Leased property consisted primarily of 1,378 of our retail stores, our new corporate office (anticipated to open in the first half of 2018), and certain transportation, information technology and other office equipment. In 2016, we entered into a lease for our new corporate office. We expect to move into the new office in 2018. 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)	2016		2015		2014
Minimum rents	$	321,248	$	314,605	$	314,276
Contingent rents	607		637		312
Total rent expense	$	321,855	$	315,242	$	314,588

Future minimum rental commitments for leases, excluding closed store leases, real estate taxes, CAM, and property insurance, at January 28, 2017, were as follows:



Fiscal Year	(In thousands)
2017	$	256,400
2018	223,827
2019	182,186
2020	138,449
2021	93,174
Thereafter	188,496
Total leases	$	1,082,532

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 28, 2017, were as follows:



Fiscal Year	(In thousands)
2017	$	5,481
2018	4,423
2019	4,423
2020	4,423
2021	3,358
Thereafter	505
Total lease payments	$	22,613
Less amount to discount to present value	(2,368		)
Capital lease obligation per balance sheet	$	20,245