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 Pump 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		$	208			$	681			$	889
2019			33				1,263				1,296
2020			-				733				733
2021			-				219				219
2022			-				229				229
Thereafter			-				841				841
Total required payments		$	241			$	3,966			$	4,207
Less amounts representing interest (3.5%)			(3	)
Present value of minimum lease payments			238
Less current maturities			(238	)
Long-term capital lease liability		$	-

 

At and Pump Assets obtained under capital leases had a cost of approximately million, respectively, and accumulated depreciation of million and million, respectively. In the quarter of the Company exited facility leases in Georgia and Texas and commenced a lease in Massachusetts. In accordance with ASC – Exit or Disposal Activities, the Company expensed less than million of future lease payments relating to these exited facility leases.

 

The Company has minimum future operating lease commitments, mainly related to its leased facilities. Associated rental expense for facilities and other equipment from parties under operating leases for the and months ended was million and million, respectively, compared to million and million for the same prior year periods, respectively.