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Notes to Consolidated Financial Statements

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.

 

Note Thirteen

 
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