Leases and Other

12 Months Ended

Dec. 31, 2011

Leases and Other [Abstract]

Leases and Other

Note 18. Leases and Other

Viad has entered into operating leases for the use of certain of its offices, equipment and other facilities. These leases expire over periods up to 40 years. Leases which expire are generally renewed or replaced by similar leases. Some leases contain scheduled rental increases accounted for on a straight-line basis.

As of December 31, 2011, Viad’s future minimum rental payments and related sublease rentals receivable with respect to non-cancelable operating leases with terms in excess of one year were as follows:

	Rental Payments		Receivable Under  Subleases
	(in thousands)
2012	$	16,699	$	1,902
2013		15,911		1,146
2014		14,285		845
2015		7,738		613
2016		4,871		358
Thereafter		12,793		1,247
Total	$	72,297	$	6,111

Net rent expense under operating leases consisted of the following:

	2011			2010			2009
				(in thousands)
Minimum rentals	$	30,860		$	29,072		$	31,082
Sublease rentals		(6,497	)		(5,704	)		(6,193	)
Total rentals, net	$	24,363		$	23,368		$	24,889

The aggregate annual maturities and the related amounts representing interest on capital lease obligations are included in Note 10.

In addition, as of December 31, 2011, the Company had aggregate purchase obligations of $24.0 million related to various licensing agreements, consulting and other contracted services.