Operating Leases

12 Months Ended

Dec. 31, 2018

The APEI Segment leases office space in Maryland and Virginia under operating leases that expire through June 2023. HCN operates five campuses, which are located in the suburban areas of Cincinnati, Cleveland, Columbus, Dayton and Toledo, Ohio, and one administrative office in suburban Columbus under operating leases that expire through June 2029. Rent expense related to the APEI Segment’s operating leases was $584,000, $677,000 and $559,000 for the years ended December 31, 2016, 2017 and 2018, respectively. Rent expense related to the HCN Segment’s operating leases was $2,528,000, $2,729,000, and $2,814,000 for the years ended December 31, 2016, 2017 and 2018, respectively. A majority of the leases provide for the payment of taxes, maintenance, insurance and certain other expenses applicable to the leased premises.

The minimum rental commitments due under the operating leases are as follows (in thousands):



Years Ending December 31,	Combined

2019	$	2,459
2020	2,517
2021	2,537
2022	2,490
2023	1,523
2024 and beyond	2,806
Total minimum rental commitment	$	14,332