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Leases
12 Months Ended
Dec. 31, 2018
Leases [Abstract]  
Leases

Note M: Leases

Total lease expense for operating leases was $122,545,000, $90,731,000 and $85,945,000 for the years ended December 31, 2018, 2017 and 2016, respectively. The Company’s operating leases generally contain renewal and/or purchase options with varying terms. The Company has royalty agreements that generally require royalty payments based on tons produced or total sales dollars and also contain minimum payments. Total royalties, principally for leased properties, were $52,482,000, $51,827,000 and $55,257,000 for the years ended December 31, 2018, 2017 and 2016, respectively. The Company also has capital lease obligations for machinery and equipment.

Future minimum lease and royalty commitments for all noncancelable agreements and capital lease obligations as of December 31, 2018 are as follows:

(add 000)

 

Capital

Leases

 

 

Operating Leases

 

 

Royalty Commitments

 

2019

 

$

3,718

 

 

$

105,955

 

 

$

14,614

 

2020

 

 

2,695

 

 

 

70,478

 

 

 

11,364

 

2021

 

 

1,735

 

 

 

60,382

 

 

 

10,335

 

2022

 

 

1,004

 

 

 

57,531

 

 

 

9,545

 

2023

 

 

713

 

 

 

56,511

 

 

 

8,109

 

Thereafter

 

 

3,893

 

 

 

318,147

 

 

 

65,981

 

Total

 

 

13,758

 

 

$

669,004

 

 

$

119,948

 

Less: imputed interest

 

 

(2,879

)

 

 

 

 

 

 

 

 

Present value of minimum lease payments

 

 

10,879

 

 

 

 

 

 

 

 

 

Less: current capital lease obligations

 

 

(3,249

)

 

 

 

 

 

 

 

 

Long-term capital lease obligations

 

$

7,630

 

 

 

 

 

 

 

 

 

 

 Of the total future minimum commitments, $172,877,000 relates to the Company’s contracts of affreightment.