Leases and Other

12 Months Ended

Dec. 31, 2012

Leases and Other [Abstract]

Leases and Other

Note 17. 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, 2012, 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		Receivable
	Payments		Under Subleases
	(in thousands)
2013	$	17,793	$	1,592
2014		16,320		990
2015		9,824		746
2016		6,842		494
2017		5,288		480
Thereafter		9,323		951
Total	$	65,390	$	5,253

Net rent expense under operating leases consisted of the following:

	2012			2011			2010
	(in thousands)
Minimum rentals	$	36,309		$	30,860		$	29,072
Sublease rentals		(6,501	)		(6,497	)		(5,704	)
Total rentals, net	$	29,808		$	24,363		$	23,368

The aggregate annual maturities and the related amounts representing interest on capital lease obligations are included in Note 9.

In addition, as of December 31, 2012, the Company had aggregate purchase obligations of $32.8 million related to various licensing agreements, consulting and other contracted services.