Lease Commitments

12 Months Ended

Dec. 31, 2016

Leases [Abstract]

Lease Commitments

(6)          Lease Commitments  

We lease our operating facilities under operating leases. During October 2016 we entered into a Third Lease Amendment related to our primary facility in Romeoville, Illinois, extending the term of the lease through December 31, 2024. The current monthly rent on this lease amounts to $25.

We lease our Burr Ridge, Illinois, facility under an agreement extended during September 2010, which extended the term through September 2014 (we have since exercised our final tenant option to extend the term through September 2017). During March 2017, we entered into a new Building Lease for this facility that will begin September 2017 and extend through September 2021, with our having the option to further extend this lease by three additional one-year periods. The current monthly rent on this lease amounts to $15. During 2016 we also renewed our lease for our offsite warehouse in Romeoville, Illinois, through August 2019. The current monthly rent on this lease amounts to $5. 

The following is a schedule of future minimum lease payments including real estate taxes as required under the above operating leases, as well as the remaining lease payments under capital leases as referenced below:

Year ending December 31:	Operating Leases			Capital Leases
2017	$	698			58
2018		700			45
2019		691			34
2020		589			18
2021		554			15
Thereafter		1,289			—
Total minimum payments required:	$	4,521	*	$	170	*

* After paying $60 to retire a capital lease during January 2017, the remaining payments under capital leases include principal of $147 and interest of $23. Also, includes future payments of the Burr Ridge Building Lease executed March 2017 as described above. 

Rent expense, including real estate taxes, under these leases amounted to $597 and $588, for the years ended December 31, 2016 and 2015, respectively.

On December 31, 2016 equipment under capital leases had a cost of $362 with accumulated depreciation of $62, compared to $316 and $29, respectively, on December 31, 2015. Principal and interest payments are due monthly under the capital lease obligations through October 2020. We entered into one new capital lease during 2016 for $75 and a 5-year duration (through August 2021), and recognized an impairment charge, reducing the value of two other pieces of capital equipment by $54 in aggregate. We entered into three new capital leases during 2015 for $132 and 3 to 5 year durations (through August 2020).