Annual report pursuant to Section 13 and 15(d)

Operating Leases

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Operating Leases
12 Months Ended
Dec. 31, 2016
Leases, Operating [Abstract]  
Operating Leases
OPERATING LEASES
The Company leases certain land and equipment under operating leases. Total rent expense under operating leases was $22,487, $19,814 and $17,498 for the years ended December 31, 2016, 2015 and 2014, respectively. For each of the next five calendar years and thereafter, future minimum lease payments under operating leases that have initial or remaining noncancelable lease terms in excess of one year are as follows:
 
Total
Payments
2017
$
18,731

2018
16,575

2019
15,300

2020
10,626

2021
10,242

Thereafter
40,553

Total minimum payments
$
112,027


The Company's leases consist primarily of access to distribution terminals, biomass-based diesel storage facilities, railcars and vehicles. At the end of the lease term the Company, generally, has the option to (a) return the leased equipment to the lessor, (b) purchase the property at its then fair value or (c) renew its lease at the then fair rental value on a year-to-year basis or for an agreed upon term. Certain leases allow for adjustment to minimum rentals in future periods as determined by the Consumer Price Index.