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LEASE COMMITMENTS
12 Months Ended
Dec. 31, 2011
LEASE COMMITMENTS  
LEASE COMMITMENTS

NOTE 7 LEASE COMMITMENTS

 The Company leases certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and capital leases expiring at various dates through the year 2029. Most of the operating leases contain renewal options and certain leases include options to purchase during or at the end of the lease term.

        Amortization expense related to capital leases is included in depreciation expense. Rent expense under operating leases (including taxes, insurance and maintenance when included in the rent) amounted to $27,558, $23,382 and $24,129 in 2011, 2010 and 2009, respectively.

        Assets recorded under capital leases consist of:


 
  2011
  2010
 

Buildings

  $ 16,861   $ 21,663  

Machinery and equipment

        9,003  
       

 

    16,861     30,666  

Accumulated depreciation

    (10,255 )   (19,053 )
       

 

  $ 6,606   $ 11,613  
           

        Future minimum payments, by year and in the aggregate, under the capital leases and noncancelable operating leases with initial or remaining terms of one year or more consisted of the following at December 31, 2011:

    
 
   
    
 
 
  Capital
Leases

  Operating
Leases

 

2012

  $ 854   $ 14,549  

2013

    584     9,814  

2014

    584     7,297  

2015

    547     5,328  

2016

    531     3,595  

Subsequent to 2016

    1,613     7,146  
       

Total minimum lease payments

    4,713   $ 47,729  
             

Amounts representing interest

    (1,341 )      
         

Present value of future minimum lease payments

    3,372        

Lease amount due in one year

    (705 )      
         

Total

  $ 2,667