Note 22 - Operational leases
The Group leases its headquarters facility, distribution facilities, one of the manufacturing facilities, sales offices and vehicles under long-term non-cancelable operating leases, certain of which provide for renewal options.
Leasing expenses for the year 2017 were $8.6 million (2016: $7.4 million; 2015: $5.0 million).
Future minimum lease payments for all existing long-term, non-cancelable operating leases as of December 31, 2017 are as follows:
|
|
|
(in thousands) |
|
2018 |
|
7,451 |
|
2019 |
|
5,369 |
|
2020 |
|
3,294 |
|
2021 |
|
1,816 |
|
2022 |
|
1,425 |
|
2023 and thereafter |
|
1,020 |
|
Total |
|
20,375 |