Leasing Arrangements

12 Months Ended

Dec. 31, 2017

The Company leases real and personal property in the normal course of business under various operating leases and other insignificant capital leases, including non-cancelable and month-to-month agreements. Rental expense under these leases was $5.9 million, $5.2 million and $3.1 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Landlord incentives are recorded as deferred rent and amortized on a straight-line basis over the lease term. Rent escalations are recorded on a straight-line basis over the lease term. The following is a schedule, by year, of future minimum rental payments required under non-cancelable operating leases in place as of December 31, 2017 (in thousands):



Year ending December 31,
2018	$	4,016
2019	3,818
2020	3,731
2021	3,524
2022	3,210
2023 and thereafter	9,649
Total	$	27,948