Commitments

The Company has operating leases on real property and equipment that expire at various dates. The Torrance, CA manufacturing and distribution facility is leased under a 5-year operating lease that expires on February 28, 2020. One of the Conway, AR manufacturing facilities is leased under a 10-year operating lease that expires on March 31, 2018. The Company leases machinery and equipment under a 5-year operating lease arrangement. The Company has the option of buying out the assets at the end of the lease period. The Company leases trucks, automobiles, and forklifts under operating leases that include certain fleet management and maintenance services. Certain of the leases contain renewal or purchase options and require payment for property taxes and insurance. The Company records rent expense on a straight-line basis based on contractual lease payments. Allowances from lessors for tenant improvements have been included in the straight-line rent expense for applicable locations. Tenant improvements are capitalized and depreciated over the remaining life of the applicable lease.

Minimum future lease payments (in thousands) for operating leases in effect as of January 31, 2016, are as follows:



Year ending January 31,
2017	$	4,266
2018	4,548
2019	4,177
2020	4,157
2021	347
Thereafter	—
Total minimum lease payments	17,495
Less sublease revenues	—
	$	17,495

Rent expense relating to operating leases was as follows (in thousands):



Year ended January 31,
2016	$	5,681
2015	6,025
2014	6,555

The Company has issued purchase commitments for raw materials at January 31, 2016, of approximately $12,131,000. There were no commitments in excess of normal operating requirements.