Annual report pursuant to Section 13 and 15(d)

Operating Leases

v3.10.0.1
Operating Leases
12 Months Ended
Dec. 31, 2018
Leases [Abstract]  
Operating Leases
OPERATING LEASES
We rent certain real estate and equipment. Several leases include options for renewal or purchase, and contain clauses for payment of real estate taxes and insurance. In most cases, management expects that in the normal course of business, leases will be renewed or replaced by other leases. Total rent expense was $11.0 million, $10.1 million and $8.5 million in 2018, 2017, and 2016, respectively.

Future minimum payments at December 31, 2018 by year and in the aggregate, having non-cancelable lease terms in excess of one year are as follows:
 
Total Minimum Lease Payments
2019
$
10.0

2020
7.1

2021
2.0

2022
0.3

2023
0.2

Thereafter
0.8

Total
$
20.4



The table above includes AFI lease obligations to AWI. The AFI sublease to TZI is cancellable within less than one year and is therefore excluded from the table above. The termination fee to cancel the sublease before the end of the sublease term is $2.5 million.