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Leases
12 Months Ended
Dec. 31, 2015
Leases  
Leases

9. Leases

The Company leases certain office furniture, computer equipment, and office space under operating and capital leases. Generally, the leases contain renewal terms at the option of the Company at rates reflecting market rates at the time of renewal. Minimum annual lease payments under noncancelable lease arrangements at December 31, 2015, are as follows:

 

 

 

 

 

 

 

 

 

    

Capital

    

Operating

 

 

 

Leases

 

Leases

 

Year ending December 31:

 

 

 

 

 

 

 

2016

 

$

5,174

 

$

3,214

 

2017

 

 

3,051

 

 

2,445

 

2018

 

 

789

 

 

1,310

 

2019

 

 

477

 

 

1,129

 

2020

 

 

40

 

 

654

 

Thereafter

 

 

 —

 

 

41

 

Total minimum lease payments

 

$

9,531

 

$

8,793

 

Less amount representing interest

 

 

740

 

 

 

 

Present value of future minimum lease payments

 

 

8,791

 

 

 

 

Less current installments of obligations under capital leases

 

 

4,626

 

 

 

 

Long-term capital lease obligations

 

$

4,165

 

 

 

 

 

Total rent expense charged to operations under terms of these operating leases was $3.2 million, $3.4 million, and $3.3 million for the years ended December 31, 2015, 2014, and 2013, respectively.

Amortization of the capital leases of $4.6 million, $2.3 million, and $1.9 million for the years ended December 31, 2015, 2014, and 2013, respectively, is included in depreciation and amortization expense on the consolidated statements of operations.