Leases

The Company finances its use of certain motor vehicles under various lease arrangements provided by financial institutions. Future minimum lease payments under these capital leases as of June 30, 2017 are as follows:



During the next twelve months ending June 30,
2018	$	259
2019	180
2020	134
2021	49
Total minimum lease payments	622
Less: amount representing interest	109
Present value of minimum lease payments	513
Less: current portion	203
Long term capital lease obligation	$	310

The Company conducts its operations using facilities leased under non-cancelable operating lease agreements that expire at various dates. Future minimum lease payments under non-cancelable agreements expiring after June 30, 2017 are set forth below:



During the next twelve months ending June 30,
2018	$	10,834
2019	9,301
2020	5,055
2021	3,403
2022	1,119
2023 and thereafter	1,105
	$	30,817

The operating leases are subject to renewal periodically and have scheduled rent increases. The Company recognizes rent on such leases on a straight-line basis over the non-cancelable lease period determined under ASC topic 840, “Leases”. Rent expense under both cancelable and non-cancelable operating leases was $6,139 and $5,278 for the three months ended June 30, 2017 and 2016, respectively and $11,806 and $10,426, respectively for the six months ended June 30, 2017 and 2016. Deferred rent as of June 30, 2017 and December 31, 2016 was $8,785 and $7,915, respectively, and is included under “Accrued expenses and other current liabilities” and “Non-current liabilities” in the unaudited consolidated balance sheets.