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LEASES

12 Months Ended

Dec. 31, 2011

NOTE 15 – LEASES

The Company leases sales offices, warehouses and distribution centers, transportation equipment, office equipment and data processing equipment. Such leases, some of which are noncancelable and, in many cases, include renewals, expire at various dates. The Company pays most insurance, maintenance and taxes relating to leased assets. Rental expense was $15,221 in 2011, $14,155 in 2010 and $14,275 in 2009.

At December 31, 2011, total future minimum lease payments for noncancelable operating leases were $10,620 in 2012, $7,720 in 2013, $5,443 in 2014, $3,839 in 2015, $3,330 in 2016 and $5,264 thereafter.

The following table summarizes assets held under capital leases and included in property, plant and equipment:

	December 31,

	2011			2010
Buildings	$	6,236		$	6,449
Machinery and equipment		179			984
Less: accumulated depreciation		(2,494	)		(2,134	)

Net capital leases	$	3,921		$	5,299

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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