Lease Commitments

12 Months Ended

Dec. 31, 2017

7) LEASE COMMITMENTS

Three of our hospital facilities are held under operating leases with Universal Health Realty Income Trust with terms expiring in 2021 (see Note 9 for additional disclosure). We also lease the real property of certain facilities (see Item 2. Properties for additional disclosure).

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

	As of December 31,
	2017			2016
Land, buildings and equipment	$	44,740		$	45,768
Less: accumulated amortization		(29,628	)		(28,864	)
	$	15,112		$	16,904

Future minimum rental payments under lease commitments with a term of more than one year as of December 31, 2017, are as follows (amounts in thousands):

Year	Capital Leases			Operating Leases
2018	$	3,899		$	73,310
2019		4,003			63,156
2020		3,345			50,948
2021		3,227			42,167
2022		3,508			24,871
Later years		15,694			147,965
Total minimum rental	$	33,676		$	402,417
Less: Amount representing interest		(11,891	)
Present value of minimum rental commitments		21,785
Less: Current portion of capital lease obligations		(1,837	)
Long-term portion of capital lease obligations	$	19,948

We assumed no capital lease obligations in 2017 and assumed capital lease obligations of approximately $152,000 in 2016 and $7 million in 2015, in connection with the leases on certain real estate assets. In the ordinary course of business, our facilities routinely lease equipment pursuant to new lease arrangements that will likely result in future lease and rental expense in excess of amounts indicated above.