Note 5: Leases

MSC leases one manufacturing facility (Walbridge, Ohio) under a lease that ends on April 30, 2015, and which automatically extends in three-year increments through April 30, 2027, unless either party explicitly cancels the lease prior to each extension date. The Company leases its Application Research Center in Michigan under a lease ending in September 2018, with the option to extend in five-year increments through September 2043. MSC also leases space for its corporate and general offices in a building the Company sold in August 2012 located in Elk Grove Village, Illinois. The Company is in compliance with all the terms of these leases. Other equipment is leased under non-cancelable operating leases. The table below presents future minimum lease payments.


(in thousands)
2014	$	1,660
2015		1,508
2016		904
2017		674
2018		555
2019 and Thereafter		231
Total Minimum Lease Payments	$	5,532

Total rental expense under operating leases was $1.7 million in fiscal 2013, $1.5 million in fiscal 2012 and $1.5 million in fiscal 2011. Rental income was $1.0 million, $1.1 million and $0.9 million in fiscal 2013, 2012 and 2011, respectively.