Operating Lease Agreements

12 Months Ended

Dec. 31, 2013

Operating Lease Agreements [Abstract]

10. OPERATING LEASE AGREEMENTS

The future minimum rental commitments, exclusive of cost escalation clauses, at December 31, 2013, for all of the Company's operating leases with remaining non-cancelable terms in excess of one year are as follows:


(Dollars in thousands)
2014	$	10,227
2015		10,994
2016		11,089
2017		10,436
2018		10,522
Thereafter		26,336
Net commitments	$	79,604

All of these leases, the expiration terms of which range from 2016 to 2024, are for the rental of office space. Rental expense was $12,405 thousand, $12,232 thousand and $12,656 thousand for the years ended December 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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