N O T E 1 5 - C
o m m i t m e n t s a n d C o n t i n g e n c i e s
Purchase commitments for capital improvements aggregated
$4,952 at December 31, 2000. Also, the Company has purchase commitments
for equipment for resale of $2,525 at December 31, 2000. The Company has
no purchase agreements with suppliers extending beyond normal quantity requirements.
The Company is obligated under several leases expiring at various dates.
Annual expense under these leases was $45,357 in 2000, $46,223 in 1999 and
$46,838 in 1998.
Rental commitments under existing leases at December 31, 2000, are:
| |
|
|
|
|
|
| (Dollars in thousands) |
Real
Estate
|
Sales
Offices
|
Transportation
Equipment
|
Computer and
Other
Equipment
|
Total
|
 |
| 2001 |
$ 19,070
|
$ 9,188
|
$ 309
|
$ 5,843
|
$ 34,410
|
| 2002 |
13,376
|
6,788
|
312
|
3,755
|
24,231
|
| 2003 |
8,562
|
4,002
|
297
|
2,886
|
15,747
|
| 2004 |
3,763
|
1,840
|
290
|
1,758
|
7,651
|
| 2005 |
2,205
|
885
|
160
|
1,008
|
4,258
|
| Later years |
647
|
107
|
188
|
1
|
943
|
In the opinion of management, no litigation or claims, including proceedings
under governmental laws and regulations related to environmental matters,
are pending against the Company which will have an adverse material effect
on its financial condition.
|
