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, 2018 are as follows:



During the next twelve months ending December 31,
2019	$	283
2020	163
2021	120
2022	58
2023 and thereafter	49
Total minimum lease payments	673
Less: amount representing interest	135
Present value of minimum lease payments	538
Less: current portion	223
Long term capital lease obligation	$	315

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, 2018 are set forth below:



During the next twelve months ending December 31,
2019	$	23,431
2020	20,039
2021	16,924
2022	14,804
2023	12,859
2024 and thereafter	26,114
Future minimum lease payment	$	114,171

Rent expense

The operating leases are subject to renewal periodically and have scheduled rent increases. The Company recognizes rent expense 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,
	2018		2017		2016
Rent expense	$	25,573	$	24,015	$	21,382

Deferred rent



	As of
	December 31, 2018		December 31, 2017
Cancelable and non-cancelable operating leases	$	8,782	$	8,959

Deferred rent is included under “Accrued expenses and other current liabilities” and “Other non-current liabilities” in the consolidated balance sheets.