Lease Commitments

12 Months Ended

Dec. 31, 2014

We lease office facilities, equipment and autos under operating leases expiring on various dates through 2020. Certain office leases contain renewal options. The following is a schedule, by calendar year, of future minimum lease payments under operating leases that have remaining terms as of December 31, 2014.



Period/Year	Operating Leases
2015	$	879,000
2016	713,000
2017	659,000
2018	674,000
2019	690,000
Thereafter	3,807,000
Total minimum lease payments	$	7,422,000

Certain property leases provide for scheduled rent escalations. We do not consider the scheduled rent escalations to be material to our operating lease expenses individually or in the aggregate. Total expense for all operating leases was as follows:



	Year Ended December 31,
	2014		2013		2012
Operating lease expense	$	1,210,000	$	1,239,000	$	1,451,000

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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