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Notes to Consolidated Financial Statements

Notes Eleven: LEASE COMMITMENTS

The Company leases facilities and equipment under noncancelable operating leases. Rental expense under long-term operating leases of real property, vehicles and other equipment was $5,025,000 in 2004, $4,773,000 in 2003 and $5,071,000 in 2002. Future rental commitments were as follows as of November 30, 2004:

(In thousands)

Years ending
November 30,

Amount

  2005 4,590
 

2006

3,880
  2007 3,382
  2008 3,285
  2009 3,264
  Thereafter 21,802
   
    $ 40,203

Future rental commitments for leases are not reduced by minimum non-cancelable sublease rentals aggregating $2,119,000 at November 30, 2004.

 

Note Twelve

 
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