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Operating Leases
12 Months Ended
Dec. 31, 2013
Leases, Operating [Abstract]  
Operating Leases
Note 9. Operating Leases
We lease space under non-cancelable operating leases for several distribution centers, several manufacturing locations, and certain store locations with initial terms of one to 60 months. Most store locations have initial lease terms of 36 to 48 months. These leases do not have significant rent escalation holidays, concessions, leasehold improvement incentives, or other build-out clauses. Any such terms are recognized as rent expense over the term of the lease. Further, the leases do not contain contingent rent provisions. Leasehold improvements, with a net book value of $1,827 at December 31, 2013, on operating leases are amortized over a 36-month period. We lease certain semi-tractors and pick-ups under operating leases. The semi-tractor leases typically have a 36-month term. The pick-up leases typically have a non-cancelable lease term of approximately one year, with renewal options for up to 72-months. Our average lease term for pick-ups is typically for 28 to 36 months. Future minimum annual rentals for the leased facilities and the leased vehicles are as follows:

 
Leased
Facilities
 
Leased
Vehicles
 
Total
2014
$
89,289

 
20,263

 
109,552

2015
65,242

 
10,796

 
76,038

2016
41,115

 
4,733

 
45,848

2017
20,575

 

 
20,575

2018
8,894

 

 
8,894

2019 and thereafter

 

 

 
$
225,115

 
35,792

 
260,907


Rent expense under all operating leases was as follows:

 
Leased
Facilities
 
Leased
Vehicles
 
Total
2013
$
99,483

 
32,907

 
132,390

2012
$
96,540

 
29,039

 
125,579

2011
$
95,808

 
23,866

 
119,674


Certain operating leases for vehicles contain residual value guarantee provisions which would generally become due at the expiration of the operating lease agreement if the fair value of the leased vehicles is less than the guaranteed residual value. The aggregate residual value guarantee related to these leases is approximately $44,720. We believe the likelihood of funding the guarantee obligation under any provision of the operating lease agreements is remote, except for a $36 loss on disposal reserve provided at December 31, 2013. Our fleet also contains vehicles we estimate will settle at a gain. Gains on these vehicles will be recognized when we sell or dispose of the vehicle or at the end of the lease term.