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Leases

12 Months Ended

Dec. 31, 2014

Leases. Lease expense was $42.6 million, $39.2 million and $39.1 million in 2014, 2013 and 2012, respectively. The future minimum lease payments are summarized as follows (in thousands of dollars):



2015	48,387
2016	38,857
2017	33,179
2018	27,300
2019	20,140
2020 and after	18,316

	186,179

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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