Lease Commitments

12 Months Ended

Dec. 31, 2016

Note K Lease Commitments

The Company is obligated under various noncancellable operating leases for equipment, 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, 2016, future minimum lease payments under leases with initial or remaining terms in excess of one year are as follows:

	(In thousands)
2017	$	5,325
2018		4,213
2019		4,026
2020		3,362
2021		2,213
Thereafter		12,429
	$	31,568

Rent expense charged to operations was $5,293,000 for 2016, $4,133,000 for 2015 and $4,066,000 for 2014. Certain leases contain provisions for renewal and change with the consumer price index.