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This excerpt taken from the WEN 8-K filed Mar 12, 2009. Leases” means, with respect to any Person, all leases or other instruments creating leasehold estates in Real Property of such Person, as lessee, as such may be amended, supplemented or otherwise modified from time to time.
“ This excerpt taken from the WEN 10-K filed Apr 3, 2006. Leases The Company leases office facilities and equipment in Phoenix, Arizona, Arlington, Texas, St. Cloud, Minnesota and in San Diego, California. The leases are structured as operating leases, and the Company incurred related rent expense in the amounts of $2.0 million, $1.1 million and $1.0 million during 2005, 2004 and 2003, respectively. Commitments for future minimum rentals as of December 31, 2005 are presented below for the years ending December 31 (in thousands):
The Company leases certain property and equipment through capital leases. These long-term leases are non-cancelable and expire on varying dates through 2008. At December 31, 2005 and 2004, the cost of assets under capital leases was $1.9 million and $1.3 million, respectively. The related accumulated amortization as of December 31, 2005 and 2004 was $1.3 million and $1.1 million, respectively. Amortization of assets under capital leases is included in depreciation and amortization expense.
72 Future minimum lease payments under capital lease obligations consist of the following for the years
ending December 31 (in thousands): | EXCERPTS ON THIS PAGE:
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