Leasing Arrangements

12 Months Ended

Dec. 31, 2014

Note 6 - Leasing Arrangements

Certain sales and administrative offices, data processing equipment and manufacturing facilities are leased under operating leases. We recognize rental expense on operating leases straight-line over the term of a lease. Total rental expense was $12.7 million in 2014, $12.6 million in 2013 and $13.2 million in 2012.

Scheduled future minimum lease payments as of December 31, 2014 were:

(In millions)
Payable during the years ending December 31:	Operating Leases
2015	$	8.2
2016		6.8
2017		5.2
2018		3.5
2019		2.0
Thereafter		5.1
Total minimum lease payments	$	30.8

- 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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