11.

LEASES

The Company leases office space, storage warehouses and certain office and plant equipment under various operating leases. Minimum annual payments under these non-cancelable leases as of December 31, 2015 were as follows (in thousands):


Year Ending December 31,
2016	$	8,581
2017		9,013
2018		8,683
2019		7,573
2020		6,032
Thereafter		23,917

Total minimum lease payments	$	63,799

For the years ended December 31, 2015, 2014 and 2013, the Company recognized rental expenses of approximately $7.7 million, $7.5 million and $6.5 million, respectively.

For information related to the Company’s reconsidered corporate headquarters lease agreement, see Note 14.