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Leases

12 Months Ended

Dec. 31, 2013

8. Leases

The Company leases certain buildings and equipment under various noncancelable operating lease agreements that contain renewal provisions. Rent expense under these leases approximated $2.7 million, $2.5 million and $1.7 million for the years ended December 31, 2013, 2012, and 2011, respectively.

The future minimum lease payments due under operating leases as of December 31, 2013, were as follows:


2014	$	2,556
2015		2,529
2016		2,352
2017		1,916
2018		1,010

	$	10,363

- 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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