Leases - PetIQ, LLC and Subsidiaries

6 Months Ended

Jun. 30, 2017

Pet, LLC and Subsidiaries (the "Company")

Leases

Note 3 -     Leases

The Company leases certain real estate, both office and production facilities, as well as equipment from third parties. Lease expiration dates are between 2019 and 2025.  A portion of capital leases are denominated in foreign currencies.  Many of these leases include renewal options and in some cases options to purchase. 

Approximate annual future commitments under non-cancelable leases as of June 30, 2017, consist of the following:

	Lease Obligation
	Operating Leases		Capital Leases
Reminder of 2017	$	858	$	53
2018		1,703		106
2019		596		103
2020		45		88
2021		28		87
Thereafter		81		105
Total minimum future obligations	$	3,311	$	542
Less current capital lease obligations				(99)
Long-term capital lease obligations			$	443

The net book value of assets under capital lease was $878 and $775 as of June 30, 2017 and December 31, 2016, respectively. Total operating lease expense for the three and six months ended June 30, 2017 and 2016 totaled $449, and $378, and $909 and $778, respectively.