Leases

The Company finances its use of certain motor vehicles and other equipment under various lease arrangements provided by financial institutions. Future minimum lease payments under these capital leases as of December 31, 2017 are as follows:



During the next twelve months ending December 31,
2018	$	330
2019	201
2020	127
2021	64
Total minimum lease payments	722
Less: amount representing interest	124
Present value of minimum lease payments	598
Less: current portion	267
Long term capital lease obligation	$	331

The Company conducts its operations using facilities leased under operating lease agreements that expire at various dates. Future minimum lease payments under such agreements expiring after December 31, 2017 are set forth below:



During the next twelve months ending December 31,
2018	$	20,850
2019	17,802
2020	14,840
2021	12,888
2022	10,234
2023 and thereafter	28,273
Future minimum lease payment	$	104,887

Rent expense

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 cancelable and non-cancelable lease period determined under ASC topic 840, "Leases":



	Year ended December 31,
	2017		2016		2015
Rent expense	$	24,015	$	21,382	$	19,943

Deferred rent



	As of
	December 31, 2017		December 31, 2016
Cancelable and non-cancelable operating leases	$	8,959	$	7,915

Deferred rent is included under "Accrued expenses and other current liabilities" and "Non-current liabilities" in the consolidated balance sheets.