Lease Commitments

12 Months Ended

Dec. 31, 2011

Lease Commitments [Abstract]

Lease Commitments

7) LEASE COMMITMENTS

Four of our hospital facilities are held under operating leases with Universal Health Realty Income Trust with terms expiring in 2014 and 2016 (see Note 9 for additional disclosure). We also lease the real property of certain facilities acquired by us in connection with the acquisition of PSI in November, 2010 (see Item 2. Properties for additional disclosure).

A summary of property under capital lease follows (amounts in thousands):

	As of December 31,
	2011			2010
Land, buildings and equipment	$	37,037		$	38,712
Less: accumulated amortization		(35,264	)		(35,627	)
	$	1,773		$	3,085

Future minimum rental payments under lease commitments with a term of more than one year as of December 31, 2011, are as follows (amounts in thousands):

Year	Capital Leases			Operating Leases
	(000s)
2012	$	2,425		$	58,388
2013		2,277			42,717
2014		1,299			32,777
2015		1,212			26,806
2016		1,077			21,687
Later years		7,787			24,053
Total minimum rental	$	16,077		$	206,428
Less: Amount representing interest		(6,095	)
Present value of minimum rental commitments		9,982
Less: Current portion of capital lease obligations		(1,680	)
Long-term portion of capital lease obligations	$	8,302

In the ordinary course of business, our facilities routinely lease equipment pursuant to month-to-month lease arrangements that will likely result in future lease & rental expense in excess of the amounts indicated above. Capital lease obligations of $7.1 million in 2010 and $700,000 in 2009 were incurred when we assumed capital lease obligations upon the acquisition of facilities or entered into capital leases for new equipment. We incurred no additional capital lease obligations during 2011.