Leasing Arrangements

12 Months Ended

Dec. 31, 2018

The Company leases certain offices, warehouse facilities, mining and other 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, 2018 are:



	Capital Leases		Operating Leases
2019	$	437	$	2,387
2020	21		2,174
2021	—		2,092
2022	—		2,116
2023	—		1,659
Subsequent to 2023	—		10,959
Total minimum lease payments	458		$	21,387
Amounts representing interest	8
Present value of net minimum lease payments	450
Current maturities	429
Long-term capital lease obligation	$	21

Rental expense for all operating leases was $3.7 million and $4.9 million in 2018 and 2017, respectively. The Company also recognized $0.9 million and $0.6 million in 2018 and 2017, respectively, for rental income on subleases of equipment 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
	2018		2017
Plant and equipment	$	3,085	$	4,807
Less accumulated depreciation	2,681		3,730
	$	404	$	1,077

Depreciation of plant and equipment under capital leases is included in depreciation expense in each of the years ended December 31, 2018 and 2017.