10.	Commitments and Contingencies

From time to time we

may

have various contractual and other commitments requiring future payments. These commitments

may

include amounts required to be paid for: the acquisition of television stations; the purchase of property and equipment; service and other agreements; operating lease commitments for equipment, land and office space; commitments for various syndicated television programs; and commitments under affiliation agreements with networks. Future minimum payments for these commitments, in addition to the liabilities accrued for on our consolidated balance sheets as of

December 31, 2018,

were as follows (in thousands):

	Property		Service and				Syndicated		Network
	and		Other		Operating		Television		Affiliation
Year	Equipment		Agreements		Leases		Programming		Agreements		Total
2019	$	1,375	$	1,324	$	3,343	$	6,241	$	129,485	$	141,768
2020		-		573		3,039		13,034		140,627		157,273
2021		-		-		2,851		1,157		130,424		134,432
2022		-		-		2,618		163		3,026		5,807
2023		-		-		2,540		111		67		2,718
Thereafter		-		-		11,588		-		-		11,588
Total	$	1,375	$	1,897	$	25,979	$	20,706	$	403,629	$	453,586

Leases.

We have

material capital leases. Where leases include rent holidays, rent escalations, rent concessions and leasehold improvement incentives, the value of these incentives are amortized over the lease term including anticipated renewal periods. Leasehold improvements are depreciated over the associated lease term including anticipated renewal periods. Rent expense resulting from operating leases for the years ended

December 31, 2018,

2017

and

2016

were

$4.2

million,

$4.0

million and

$3.5

million, respectively. On

January 1, 2019

we adopted ASC

842

–

Leases

, that requires us to record lease assets and liabilities related to these contractual obligations on our balance sheets.

Legal Proceedings and Claims

We are and expect to continue to be subject to legal actions, proceedings and claims that arise in the normal course of our business. In the opinion of management, the amount of ultimate liability, if any, with respect to these known actions, proceedings and claims will

not

materially affect our financial position, results of operations or cash flows, although legal proceedings are subject to inherent uncertainties, and unfavorable rulings or events could occur that could negatively affect us, possibly materially.