Leasing Arrangements

12 Months Ended

Dec. 31, 2012

The Company leases warehouse and manufacturing space, and manufacturing and computer equipment under operating leases with terms ranging up to 25 years. Operating lease expense amounted to $9.0 million in 2012, $8.9 million in 2011 and $9.9 million in 2010. The future estimated minimum payments under capital leases and non-cancelable operating leases with initial lease terms in excess of one year at December 31, 2012, are as follows:



	Capital		Operating
(Thousands)	Leases		Leases
2013	$	1,102	$	6,721
2014	1,069		4,982
2015	1,068		4,472
2016	1,066		4,152
2017	1,064		3,063
2018 and thereafter	5,766		14,992
Total minimum lease payments	11,135		$	38,382
Amounts representing interest	2,593
Present value of net minimum lease payments	$	8,542

The Company was in compliance with all of the covenants contained in the lease agreements as of December 31, 2012.

- 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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