Annual report pursuant to Section 13 and 15(d)

Leases

v3.6.0.2
Leases
12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
Leases
Leases
Operating leases
We conduct certain of our operations under operating lease agreements. Rent expense under operating leases was approximately $18.8 million, $7.8 million, and $2.6 million for the years ended December 31, 2016, 2015, and 2014, respectively.
As of December 31, 2016, 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)
2017
$
16,751

2018
12,396

2019
9,967

2020
4,761

2021
2,964

Thereafter
6,173

Total minimum operating lease commitments
$
53,012


Capital leases
We acquired various assets under capital leases in connection with our acquisition of Bio-Reference in 2015. 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, 2016
Automobiles
$
10,342

Less: Accumulated Depreciation
(3,291
)
Net capital leases in Property, plant and equipment
$
7,051


As of December 31, 2016, 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)
2017
$
3,143

2018
2,720

2019
2,184

2020
1,426

2021
488

Thereafter
570

Total minimum capital lease commitments
10,531

Less: Amounts representing interest
290

Net capital liability
$
10,241

 
 
Current
$
3,025

Long-term
$
7,216