Lease Commitments

12 Months Ended

Dec. 31, 2011

13) Lease Commitments

The Company leases certain of its facilities and some of its equipment under non-cancelable operating lease arrangements. The rental payments under these leases are charged to expense as incurred. The following is a schedule of future minimum lease payments, excluding property taxes and other operating expenses, required under all non-cancelable operating leases (in thousands):


Years Ending December 31,	Total Operating Leases
2012	$	937
2013		985
2014		651
2015		469
2016		435
Minimum lease payments	$	3,477

Rent expense under operating leases amounted to approximately $1,096,000, $855,000 and $903,000 for the years ended December 31, 2011, 2010 and 2009, respectively.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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