NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(18) Leases

Certain of Fleetwood’s facilities and equipment are leased under terms that range from monthly to five years.

The following is a schedule by year of future minimum rental payments required under operating and capital leases that have initial or remaining non-cancelable lease terms in excess of one year as of April 29, 2007:

  Minimum Rental Payments
Fiscal Year Operating   Capital
  (Amounts in thousands)
2008    $ 2,481         $ 2,233     
2009   2,496     2,297  
2010   1,786     383  
2011   646     35  
Later years   1,105     7  
Total minimum lease payments $ 8,514   $ 4,955  

Rental expense for the last three fiscal years was as follows:

  2007   2006   2005
  (Amounts in thousands)
Rental expense    $ 3,716         $ 4,328         $ 4,360     
Less: Sublease rental income   (445   (364   (971
  $ 3,271   $ 3,964   $ 3,389