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LEASES

12 Months Ended

Dec. 31, 2011

Note 15 — LEASES

The Company has leases for manufacturing plants, land, warehouses, machinery and equipment, and administrative offices that expire at various times over the next 90 years. Under most leasing arrangements, the Company pays the property taxes, insurance, maintenance, and other expenses related to the leased property. Total rental expense under operating leases was approximately $17.8 million in 2011, $13.9 million in 2010, and $10.6 million in 2009.

Minimum future obligations on leases in effect at December 31, 2011, were:

	Operating
(in thousands)	Leases
2012	$	11,495
2013	9,137
2014	7,094
2015	5,745
2016	4,642
Thereafter	33,379
Total minimum obligations	$	71,492

- 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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