Note 8 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

8

. COMMITMENTS AND CONTINGENCIES

Operating Leases

We lease our store locations under lease agreements that expire on dates ranging from

January 2019

to

February 2028.

Rent expense on all operating leases for the years ended

December 31, 2018,

2017,

and

2016,

was

$4,986,297,

$4,609,724,

and

$4,189,225,

respectively.

None

of our store location lease agreements contain variable rental payments, although certain leases require us to pay real estate taxes, insurance, maintenance and other operating expenses associated with the leased premises.

Future minimum lease payments, including fixed executory costs (e.g. real estate taxes, insurance and maintenance) under noncancelable operating leases at

December 31, 2018

were as follows:

Year ending December 31:
2019	$	4,417,806
2020		3,750,324
2021		3,042,779
2022		2,102,463
2023		1,289,874
2024		735,375
2025		624,970
2026		420,549
2027		296,974
2028		61,350
Total minimum lease payments	$	16,742,464

Legal Proceedings

We are periodically involved in various litigation that arises in the ordinary course of business and operations. There are

no

such matters pending that we expect to have a material impact on our financial position and operating results. Legal costs associated with the resolution of claims, lawsuits, and other contingencies are expensed as incurred.