Operating Lease Agreements

12 Months Ended

Dec. 31, 2011

Operating Lease Agreements [Abstract]

10. OPERATING LEASE AGREEMENTS

The future minimum rental commitments, exclusive of cost escalation clauses, at December 31, 2011, for all of the Company's operating leases with remaining non-cancelable terms in excess of one year are as follows:


(Dollars in thousands)
2012	$	11,914
2013		11,624
2014		9,973
2015		9,962
2016		9,954
Thereafter		33,986
Net commitments	$	87,413

All of these leases, the expiration terms of which range from 2013 to 2020, are for the rental of office space. Rental expense was $14,148 thousand, $13,124 thousand and $11,815 thousand for the years ended December 31, 2011, 2010 and 2009, respectively.

- Definition

The entire disclosure for operating leases of a lessor. This may inlcude a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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