Commitments

The Company has operating leases on real property and equipment that expire at various dates. The Torrance, CA office, manufacturing and distribution facility is leased under a series of 5-year operating lease terms that would have expired on February 28, 2020. On November 14, 2017, the Company entered into a fourth amendment which extends the term of the lease for an additional 62 months through April 30, 2025 and provides for monthly base lease payments that increase after each 12-month period. The monthly base lease payments range from approximately $397,000 per month (which applies for the period from May 1, 2020 to February 28, 2021) to $447,000 per month (which applies for the period from March 1, 2024 to April 30, 2025). 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 for real estate 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, 2019, are as follows:



Year ending January 31,
2020	$	5,045
2021	4,405
2022	5,041
2023	5,040
2024	5,192
Thereafter	6,687
Total minimum lease payments	$	31,410

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



Year ended January 31,
2019	$	6,006
2018	5,644

The Company subleased space at one of its facilities on a month-to-month basis during 2019 and 2018. Rental income was $40,000 for fiscal years ended January 31, 2019 and 2018.

The Company has issued purchase commitments for raw materials at January 31, 2019, of approximately $11,296,000. There were no commitments in excess of normal operating requirements.