Lease Commitments

12 Months Ended

Dec. 31, 2018

The Company has entered into capital and operating lease agreements for equipment and warehouses. The lease terms generally range from five to 20 years, with renewal or purchase options.

As of December 31, 2018, future minimum lease payments under capital leases are as follows:



Years Ending December 31:	(In thousands)
2019	$	12,415
2020	11,788
2021	10,350
2022	5,025
2023	2,469
Thereafter	6,575
Total minimum lease payments	48,622
Interest portion	(7,835		)
Present value of net minimum payments	$	40,787

As of December 31, 2018, future minimum lease payments under operating leases are as follows:



Years Ending December 31:	(In thousands)
2019	$	25,453
2020	20,590
2021	11,051
2022	8,204
2023	7,894
Thereafter	20,757
Total minimum lease payments	$	93,949

Rent expense, inclusive of month-to-month rental charges, for the years ended December 31, 2018, 2017 and 2016 was $36.7 million, $42.3 million and $40.4 million, respectively.