Minimum Lease Commitments

12 Months Ended

Dec. 31, 2018

The Company occupies certain facilities under operating lease agreements. Gross rental expense related to the Company’s operating leases were $21.2 million in 2018, $17.7 million in 2017, and $17.4 million in 2016. The Company also leases certain owned premises and receives rental income from such lease agreements. Gross rental income related to the Company’s buildings totaled $11.8 million, $9.8 million and $8.9 million, in 2018, 2017 and 2016, respectively. The approximate minimum annual gross rental payments and gross rental receipts under noncancelable agreements for office space with remaining terms in excess of one year as of December 31, 2018, are as follows (in thousands):



	Payments		Receipts
2019	$	15,106	$	7,533
2020	16,406		5,576
2021	15,116		5,081
2022	14,253		3,636
2023	13,201		2,117
2024 and thereafter	131,615		5,233
Total minimum future amounts	$	205,697	$	29,176