Leased Properties

12 Months Ended

Dec. 31, 2011

Leased Properties [Abstract]

Leased Properties

4. Leased Properties

In June 2003, the Company completed an amended and restated master agreement to the $85,000,000 construction and lease agreement (the Agreement). The lessor in the Agreement was an independent third-party limited liability company, which had as its sole member a publicly traded corporation. Properties acquired by the lessor were constructed and/or then leased to the Company under operating lease agreements. On June 26, 2009, the Agreement expired. In accordance with the Agreement, the Company purchased the properties from the lessor for $72,814,000, including closing costs. The properties are included in property, plant, and equipment in the accompanying consolidated balance sheets.

Future minimum payments, by year and in the aggregate, under the noncancelable operating leases with initial or remaining terms of one year or more consisted of the following at December 31, 2011 (in thousands):

2012	$	134,842
2013		108,000
2014		81,028
2015		53,432
2016		36,784
Thereafter		139,220
Total minimum lease payments	$	553,306

Rental expense for operating leases was approximately $154,500,000 in 2011, $147,886,000 in 2010, and $153,523,000 in 2009.