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Lease Commitments

12 Months Ended

Dec. 31, 2011

7. Lease Commitments

We lease offices, retail stores, distribution centers and personal property used in our business. These leases are operating leases which expire at varying dates through 2022. We are typically required to pay for normal repairs and maintenance, property taxes and insurance under these leases.

The future annual minimum lease payments at December 31, 2011 under capital and operating leases are as follows (in thousands):

Year	Capital Lease		Operating Leases

2012		649		68,761
2013		54		64,355
2014		—		55,831
2015		—		47,975
2016		—		35,631
Thereafter		—		49,986

Total minimum lease payments		703	$	322,539

Less imputed interest		3

Present value of lease obligations	$	700

Total rent expense included in the consolidated statements of operations is $70.6 million for 2011, $69.2 million for 2010 and $70.2 million for 2009. These rent expense amounts exclude common area maintenance expenses.

- 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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