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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 $4,633,000 in 2008, $4,039,000 in 2007, and $3,774,000 in 2006. Future rental commitments were as follows as of November 30, 2008:

(In thousands)

Years ending November 30,

Amount

  2009 $ 4,494
  2010 4,031
  2011 3,314
  2012 2,206
  2013 1,328
  Thereafter 20,882
   
    $ 36,255

Future rental commitments for leases are not reduced by minimum non-cancelable sublease rentals aggregating $2,428,000 at November 30, 2008.

 

Note Thirteen

 
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