NOTE N - LEASES

Rent expense under operating leases was approximately $50.1 million, $45.8 million, and $40.5 million, for the years ended December 31, 2014, 2013 and 2012, respectively, which was included within “Other operating costs” and “General and administrative expenses” on the Company’s consolidated statements of operations and comprehensive (loss) income. Sublease rental income is not material. The net book value of office equipment under capital leases was approximately $1.1 million and $0.6 million at December 31, 2014 and 2013, respectively. Equipment capital lease obligations are included in long-term debt as a part of “Financing Leases and Other” in Note O - “Long-Term Debt.”

Future minimum rental payments, by year and in the aggregate, under operating and financing obligations with terms of one year or more at December 31, 2014 are as follows:

(in thousands)	Operating Leases		Capital Leases
2015	$	38,592	$	436
2016	31,187		404
2017	24,726		299
2018	18,879		73
2019	13,209		—
Thereafter	25,253		—

Total	$	151,846	$	1,212