NOTE 17. COMMITMENTS AND CONTINGENCIES

Operating Leases

The Company is obligated under non-cancelable operating leases for facilities and equipment which expire at various dates through 2022. These leases generally contain renewal options for periods ranging from one to five years and require the Company to pay all executory costs (property taxes, maintenance and insurance). Rental payments include minimum rentals. Future minimum rental payments as of December 31, 2017 required under these leases are as follows (in millions):


	Total
2018	$	2.5
2019		2.4
2020		2.2
2021		1.1
2022		0.7
Thereafter		3.7
Total future minimum lease payments	$	12.6

Purchase Obligations for Rigs

The Company entered into agreements during 2017 pursuant to which we have acquired 30 high-spec well service rigs as of December 31, 2017, and will acquire an additional 9 high-spec well service rigs during the remainder of 2018 for an aggregate purchase price under such agreements of approximately $42.1 million, for which $4.5 million of payments have been made as of agreements during 2017 pursuant to which we have acquired 30 high-spec well service rigs as of December, 2017, and the remaining $37.6 million of which will be due during 2018, of which $23.5 million is included in accounts payable on the consolidated balance sheet as of December 31, 2017.

Legal Matters

From time to time, the Company is involved in various legal matters arising in the normal course of business. The Company does not believe that the ultimate resolution of these matters will have a material adverse effect on its consolidated financial position or results of operations.

Employee Severance

In March 2017, Ranger Services terminated the employment of one of its officers. As a result, the former officer became entitled to severance payments of $0.7 million. In addition during the year ended December 31, 2017, Ranger severed other officers and employees. As of December 31, 2017, Ranger has $1.0 million of severance liability recorded in the accompanying consolidated financial statements.