The Company leases office space, service facility centers and equipment under non-cancelable capital and operating lease arrangements. The Company periodically enters into capital leases to finance the purchase of ambulatory infusion pumps (“Pump Assets”). The Pumps Assets are capitalized into medical equipment in rental service at their fair market value, which equals the value of the future minimum lease payments and are depreciated over the useful life of the pumps. The weighted average interest rate under capital leases was as of The leases for office space and service facility centers used in the Company’s logistics operations are operating leases. In most cases, the Company expects its facility leases will be renewed or replaced by other leases in the ordinary course of business.

 

Future minimum rental payments pursuant to leases that have an initial or remaining non-cancelable lease term in excess of year as of are as follows (in thousands):

 

		Capital Leases				Operating Leases				Total
2018		$	361			$	1,019			$	1,380
2019			33				1,263				1,296
2020			-				733				733
2021			-				219				219
2022			-				229				229
Thereafter			-				841				841
Total required payments			394			$	4,304			$	4,698
Less amounts representing interest (3.5%)			(5	)
Present value of minimum lease payments			389
Less current maturities			(389	)
Long-term capital lease liability		$	-

 

At and Pump Assets obtained under capital leases, had a cost of approximately million for both periods and accumulated depreciation of million and million, respectively.

 

The Company had minimum future operating lease commitments, mainly related to its leased facilities. Related rental expense for facilities and other equipment from parties under operating leases for the months ended and was million and million, respectively.