

NOTE 7.	COMMITMENTS

A. | Leases

The Company occupies office and warehouse facilities under terms of operating leases expiring up to 2021. The Company also has two long term operating lease arrangements to use land, for which the usage rights were entirely prepaid in 2009 and 2007. Usage rights for those arrangements are recognized in rent expense over the lease terms up to 2057. Total rent expense for all operating leases in 2011, 2010 and 2009 was $58,978, $54,024 and $52,581, respectively.

At December 31, 2011, future minimum annual lease payments under all noncancelable leases are as follows:



2012	$	44,971
2013	31,917
2014	18,436
2015	9,450
2016	6,605
Thereafter	7,206
	$	118,585

B. | Unconditional Purchase Obligations

The Company enters into short-term unconditional purchase obligations with asset-based providers reserving space on a guaranteed basis. The pricing of these obligations varies to some degree with market conditions. The Company only enters into agreements that management believes the Company can fulfill with relative ease. Historically, the Company has met these obligations in the normal course of business. Management believes, in line with historical experience, committed purchase obligations outstanding as of December 31, 2011 of $377,345, will be fulfilled during 2012 in the Company’s ordinary course of business.

C. | Employee Benefits

The Company has employee savings plans under which the Company provides a discretionary matching contribution. In 2011, 2010 and 2009, the Company’s contributions under the plans were $6,312, $6,127, and $6,100, respectively.