Leasing Arrangements

12 Months Ended

Dec. 31, 2017

The Company leases certain offices, warehouse facilities and machinery and equipment under noncancellable capital and operating leases that expire at various dates through 2031. Many leases include renewal and/or fair value purchase options.

Future minimum capital and operating lease payments at December 31, 2017 are:



	Capital Leases		Operating Leases
2018	$	938	$	3,359
2019	437		2,126
2020	21		1,929
2021	—		1,662
2022	—		1,059
Subsequent to 2022	—		2,329
Total minimum lease payments	1,396		$	12,464
Amounts representing interest	34
Present value of net minimum lease payments	1,362
Current maturities	912
Long-term capital lease obligation	$	450

Rental expense for all operating leases was $4.9 million, $7.4 million and $9.8 million in 2017, 2016 and 2015, respectively. The Company also recognized $0.6 million, $0.4 million and $0.3 million in 2017, 2016 and 2015, respectively, for rental income on subleases of equipment and buildings under operating leases in which it was the lessee.

Assets recorded under capital leases are included in property, plant and equipment and consist of the following:



	December 31
	2017		2016
Plant and equipment	$	4,807	$	4,807
Less accumulated depreciation	3,730		3,129
	$	1,077	$	1,678

Depreciation of plant and equipment under capital leases is included in depreciation expense in each of the years ended December 31, 2017, 2016 and 2015.