Note 13 - Leases

The Company leases land and a building in Des Plaines, Illinois from a related party. Total rent expense incurred under this operating lease was $585 in 2012, $583 in 2011, and $574 in 2010.

The Company leases various plant facilities and equipment under operating leases that cannot be cancelled and expire at various dates through September 2023. Some of the leases contain renewal options and leasehold improvement incentives. Leasehold improvement incentives received from landlords are deferred and recognized as a reduction of rent expense over the respective lease term. Rent expense is recorded on a straight-line basis, taking into consideration lessor incentives and scheduled rent increases. Total rent expense incurred under all operating leases was approximately $14,376, $13,325, and $13,185 for the years ended December 31, 2012, 2011 and 2010, respectively.

Future minimum payments under leases with terms of one year or more are as follows at December 31, 2012:

	Operating Leases
	Gross rents		Subleases			Net rents

2013	$	14,207	$	(1,107	)	$	13,100
2014		12,282		(1,093	)		11,189
2015		5,965		(415	)		5,550
2016		4,138		(362	)		3,776
2017		3,487		(362	)		3,125
Thereafter		3,023		(175	)		2,848

	$	43,102	$	(3,514	)	$	39,588