Lease Commitments

12 Months Ended

Dec. 31, 2015

Note K

Lease Commitments

The Company is obligated under various noncancellable operating leases for buildings, and land. Minimum rent payments under operating leases are recognized on a straight-line basis over the term of the lease. At December 31, 2015, future minimum lease payments under leases with initial or remaining terms in excess of one year are as follows:

	(In thousands)
2016	$	4,736
2017		3,892
2018		2,087
2019		1,882
2020		1,364
Thereafter		9,681
	$	23,642

Rent expense charged to operations was $4,133,000 for 2015, $4,066,000 for 2014, and $3,878,000 for 2013. Certain leases contain provisions for renewal and change with the consumer price index.