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. |