Note 10 — Leases

We have lease commitments expiring at various dates, principally for manufacturing, warehouse and office space, automobiles and office equipment. Many leases contain renewal options and some contain purchase options and residual guarantees.

Rent expense for all operating leases was approximately $15,135, $14,835 and $13,822 in 2014, 2013 and 2012, respectively.

Amortization of assets recorded under capital leases is recorded in depreciation expense.

Assets held under capitalized leases and included in property, plant and equipment are as follows:


	2014			2013
Transportation equipment	$	15,524		$	16,261
Other		12,191			10,577

Total capitalized leases		27,715			26,838
Accumulated amortization		(11,139	)		(10,805	)

Net capitalized leases	$	16,576		$	16,033

At October 31, 2014, future minimum lease payments under non-cancelable capitalized and operating leases are as follows:


	Capitalized Leases		Operating Leases
Year:
2015	$	6,866	$	12,189
2016		4,957		7,192
2017		2,340		5,808
2018		993		4,179
2019		635		3,773
Later years		6,476		10,410

Total minimum lease payments		22,267	$	43,551

Less amount representing executory costs		1,993

Net minimum lease payments		20,274
Less amount representing interest		4,148

Present value of net minimum lease payments		16,126
Less current portion		5,108

Long-term obligations at October 31, 2014	$	11,018