NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(18) Leases
Certain of Fleetwoods 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 | ||||||