Lease Obligations

12 Months Ended

Dec. 31, 2013

LEASE OBLIGATIONS

We have operating leases for various vehicles and equipment, as well as for certain of our manufacturing and administrative facilities that extend through 2033. The facilities lease agreements generally provide for payment of base rental amounts plus our share of property taxes and common area costs as well as renewal options at current market rates.

Rent expense is recognized on a straight-line basis over the term of the lease. Rent expense was $7.4 million in 2013, $8.5 million in 2012 and $7.5 million in 2011.

The approximate future minimum rental payments due under these agreements as of December 31, 2013, were as follows (in thousands):



	Minimum Rental Payment
2014	$	10,997
2015	8,171
2016	6,883
2017	5,803
2018	4,811
Thereafter	48,722
Total	$	85,387

- 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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