OPERATING LEASES

12 Months Ended

Dec. 31, 2016

The Company leases office and manufacturing facilities under operating leases with terms ranging from one to 15 years, excluding renewal options.

Total net rental expense charged to operations in 2016, 2015, and 2014 was $27.2 million, $20.2 million and $20.0 million, respectively. The amounts above are shown net of sublease rentals of $0.1 million, $0.7 million and $0.1 million for the years 2016, 2015 and 2014, respectively.

Future minimum rental payments under operating leases with remaining non-cancelable terms in excess of one year are as follows:



	Real
In thousands	Estate		Equipment		Total
2017	$	24,548	$	1,824	$	26,372
2018	20,851		1,407		22,258
2019	18,450		749		19,199
2020	16,077		328		16,405
2021	13,107		179		13,286
2022 and after	41,019		42		41,061

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details