Leases

Capital and Operating Leases

We have entered into operating leases for office and warehouse space, vehicles and heavy equipment used in our operations. The remaining lease terms range from one to 20 years and generally provide for the payment of taxes, insurance and maintenance by the lessee. Renewal options exist for certain of these leases. We have also entered into capital leases for division offices and operating facilities. Property, plant and equipment included amounts for capital leases of $1.3 million at September 30, 2014 and 2013. Accumulated depreciation for these capital leases totaled $1.1 million and $1.0 million at September 30, 2014 and 2013. Depreciation expense for these assets is included in consolidated depreciation expense on the consolidated statement of income.

The related future minimum lease payments at September 30, 2014 were as follows:



	Capital Leases		Operating Leases
	(In thousands)
2015	$	186	$	16,673
2016	186		16,021
2017	186		16,330
2018	78		15,907
2019	—		15,138
Thereafter	—		75,620
Total minimum lease payments	636		$	155,689
Less amount representing interest	123
Present value of net minimum lease payments	$	513

Consolidated lease and rental expense amounted to $31.7 million, $32.4 million and $33.6 million for fiscal 2014, 2013 and 2012.