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OPERATING LEASES AND COMMITMENTS
12 Months Ended
Dec. 31, 2015
OPERATING LEASES AND COMMITMENTS  
OPERATING LEASES AND COMMITMENTS

 

NOTE F – OPERATING LEASES AND COMMITMENTS

 

While the Company maintains ownership of most of its larger terminals and distribution centers, certain facilities and equipment are leased. Certain of the leases are renewable for additional periods with similar rent payments. Rental expense for operating leases, including rentals with initial terms of less than one year, totaled $25.0 million, $30.2 million, and $24.1 million in 2015, 2014, and 2013, respectively.

 

The future minimum rental commitments, net of minimum rental to be received under noncancelable subleases, as of December 31, 2015 for all noncancelable operating leases were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment

 

 

 

 

 

 

Land and

 

and

 

 

    

Total

    

Structures

    

Other

  

 

 

 

(in thousands)

 

2016

 

$

14,697

 

$

14,130

 

$

567

 

2017

 

 

12,289

 

 

12,116

 

 

173

 

2018

 

 

10,338

 

 

10,258

 

 

80

 

2019

 

 

8,488

 

 

8,424

 

 

64

 

2020

 

 

7,016

 

 

7,016

 

 

 —

 

Thereafter

 

 

10,487

 

 

10,487

 

 

 —

 

 

 

$

63,315

 

$

62,431

 

$

884

 

 

As of December 31, 2015, the Company had a $40.1 million commitment to construct a new corporate headquarters and call center building to facilitate the continuing growth in its assetlight logistics businesses.