Operating Leases

12 Months Ended

Dec. 31, 2017

OPERATING LEASES

OPERATING LEASES

11. OPERATING LEASES

We lease our production facilities and administrative offices as well as certain equipment used in our operations including leases on transportation equipment used in the delivery of our products. The lease terms range from monthly to seven years. We occupy a 51,000 square foot facility and a 17,500 square foot facility in Wixom, Michigan under a lease expiring in August 2018. We also occupy a 51,000 square foot facility in Grapevine, Texas under a lease expiring in December 2020. In addition, we lease a 57,000 square foot facility in Greer, South Carolina under a lease expiring February 2020.

	2017		2016		2015
Rent Expense Recognized Under Operating Leases	$	2,463,145	$	2,369,101	$	2,301,930

Future minimum rental payments under operating lease agreements are as follows:

Year ending December 31, 2018	$	1,917,356
Year ending December 31, 2019		1,456,164
Year ending December 31, 2020		685,349
Year ending December 31, 2021		206,595
Year ending December 31, 2022		54,726
Year ending December 31, 2023 and thereafter		—
Total	$	4,320,190