Cablevision 2011 Annual Report Download - page 163

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-39
At December 31, 2011 and 2010, the gross amount of equipment and related accumulated amortization
recorded under capital leases were as follows:
December 31,
2011 2010
Equipment ............................................................................................................. $ 57,271 $ 42,790
Less accumulated amortization ............................................................................. (27,409) (21,325)
$ 29,862 $ 21,465
NOTE 9. OPERATING LEASES
The Company leases certain office, production, transmission, and theatre facilities under terms of leases
expiring at various dates through 2036. The leases generally provide for escalating rentals over the term
of the lease plus certain real estate taxes and other costs or credits. Costs associated with such operating
leases are recognized on a straight-line basis over the initial lease term. The difference between rent
expense and rent paid is recorded as deferred rent. Rent expense for the years ended December 31, 2011,
2010 and 2009 amounted to $69,143, $64,355 and $65,631, respectively.
In addition, the Company rents space on utility poles for its operations. The Company's pole rental
agreements are for varying terms, and management anticipates renewals as they expire. Pole rental
expense for the years ended December 31, 2011, 2010 and 2009 amounted to $17,243, $15,551 and
$14,939, respectively.
The minimum future annual payments for all operating leases from continuing operations (with initial or
remaining terms in excess of one year) during the next five years and thereafter, including pole rentals
from January 1, 2012 through December 31, 2016, at rates now in force are as follows:
2012 ........................................................................................................................................................ $71,258
2013 ........................................................................................................................................................ 72,581
2014 ........................................................................................................................................................ 68,786
2015 ........................................................................................................................................................ 61,523
2016 ........................................................................................................................................................ 54,907
Thereafter ............................................................................................................................................... 85,655