Leased Properties

12 Months Ended

Dec. 31, 2016

7. Leased Properties

The Company leases certain property and equipment (primarily transportation equipment, buildings and land) under operating leases, which are denominated in local currencies. Total rental expense was $8,595,000, $7,097,000 and $6,660,000 in 2016, 2015 and 2014, respectively.

Consolidated Company minimum future rental payments under operating leases with initial or remaining noncancelable lease terms in excess of one year as of December 31, 2016, are:

	(In thousands)
Year	Amount
2017	$	7,761
2018		6,413
2019		5,561
2020		4,879
2021		3,702
Subsequent to 2021		19,276
Total minimum future rental payments	$	47,592