Note 12: 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
$3,774,000 in 2006, $3,786,000 in 2005, and $3,782,000 in 2004.
Future rental commitments were as follows as of November 30,
2006:
| (In thousands) |
Years ending
November 30, |
Amount |
|
| |
2007 |
3,682 |
| |
2008 |
3,506 |
| |
2009 |
3,436 |
| |
2010 |
2,991 |
| |
2011 |
2,076 |
| |
Thereafter |
16,826 |
| |
|
|
| |
|
$ 32,517 |
Future rental commitments for leases are not reduced by minimum
non-cancelable sublease rentals aggregating $1,297,000 at November
30, 2006. |