Annual report pursuant to Section 13 and 15(d)

Leases

v3.10.0.1
Leases
12 Months Ended
Dec. 31, 2018
Leases [Abstract]  
Leases Leases
Operating leases
We conduct certain of our operations under operating lease agreements. Rent expense under operating leases was approximately $18.9 million, $18.9 million, and $18.8 million for the years ended December 31, 2018, 2017, and 2016, respectively.
As of December 31, 2018, the aggregate future minimum lease payments under all non-cancelable operating leases with initial or remaining lease terms in excess of one year are as follows:
Year Ending
(In thousands)
2019
$
18,386

2020
11,535

2021
7,385

2022
4,074

2023
2,446

Thereafter
1,650

Total minimum operating lease commitments
$
45,476


Capital leases
Capital leases are included within Property, plant and equipment, net in our Consolidated Balance Sheet with imputed interest rates of approximately 2% as follows:
Capital leases
Year ended December 31, 2018
Automobiles
$
10,133

Less: Accumulated Depreciation
(5,056
)
Net capital leases in Property, plant and equipment
$
5,077


As of December 31, 2018, the aggregate future minimum lease payments under all non-cancelable capital leases with initial or remaining lease terms in excess of one year are as follows:
Year Ending
(In thousands)
2019
$
2,995

2020
2,692

2021
2,012

2022
871

2023
479

Total minimum capital lease commitments
9,049

Less: Amounts representing interest
149

Net capital liability
$
8,900

 
 
Current
$
3,280

Long-term
$
5,620