Note 11 — 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 $18,047, $15,721 and $15,135 in 2016, 2015 and 2014, 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:

	2016			2015
Transportation equipment	$	15,991		$	15,614
Other		8,240			10,070
Total capitalized leases		24,231			25,684
Accumulated amortization		(10,235	)		(10,743	)
Net capitalized leases	$	13,996		$	14,941

At October 31, 2016, future minimum lease payments under non-cancelable capitalized and operating leases are as follows:

	Capitalized Leases		Operating Leases
Year:
2017	$	5,966	$	13,725
2018		4,077		9,559
2019		2,258		8,279
2020		899		5,965
2021		647		4,742
Later years		5,383		11,295
Total minimum lease payments		19,230	$	53,565
Less amount representing executory costs		1,722
Net minimum lease payments		17,508
Less amount representing interest		3,350
Present value of net minimum lease payments		14,158
Less current portion		4,444
Long-term obligations at October 31, 2016	$	9,714