Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

14. Commitments and Contingencies

In the ordinary course of business, the Company is engaged in various litigation including product liability and intellectual property disputes. However, the Company does not believe that any pending litigation will have a material adverse effect on its consolidated financial position, consolidated results of operations or liquidity. In addition, the Company is not currently a party to any environmental‑related claims or legal matters.

The Company leases facilities under non-cancelable operating leases, some of which contain renewal options. Total future minimum lease payments consisted of the following at December 31, 2016:



		Related Party Leases		Third Party Leases		Total Leases

2017	$	1,796	$	626	$	2,422
2018		1,796		638		2,434
2019		1,796		620		2,416
2020		1,796		496		2,292
2021		1,796		453		2,249
Thereafter		8,184		1,860		10,044
Total lease obligations	$	17,164	$	4,693	$	21,857

The Company entered into lease agreements at the time of the close of the Dejana acquisition with parties that are affiliated with the former owners of Dejana and are still employed at Dejana post - acquisition. The related parties continue to own land and buildings where Dejana conducts business. The Company incurred $1,665 of total operating lease rent expense in the year ended 2016, of which $797 were to related parties. As the Company makes monthly payments to the related parties, there are no amounts owed to the related parties at December 31, 2016. The Company incurred $485 of operating lease rent expense related to its facilities in the year ended December 31, 2015 all to third parties.