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14. Leases
12 Months Ended
Sep. 30, 2012
Leases Disclosure [Abstract]  
14. Leases

14. 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 21 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 and $1.3 million at September 30, 2012 and 2011. Accumulated depreciation for these capital leases totaled $0.9 and $0.9 million at September 30, 2012 and 2011. 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, 2012 were as follows:

 Capital Operating
 Leases Leases
 (In thousands)
      
2013$ 186 $ 17,571
2014  186   17,215
2015  186   15,940
2016  186   15,036
2017  186   14,597
Thereafter  78   100,632
Total minimum lease payments  1,008 $ 180,991
Less amount representing interest  286   
Present value of net minimum lease payments$ 722   

Consolidated lease and rental expense amounted to $33.6 million, $35.5 million and $36.7 million for fiscal 2012, 2011 and 2010.