Thrifty Car Rental 2007 Annual Report Download - page 81

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Future minimum rentals and fees under noncancelable operating leases and the Company’s
obligations for minimum airport concession fees at December 31, 2007 are presented in the
following table:
Company-Owned
Stores Operating
Concession Fees Leases Total
(In Thousands)
2008 75,306 44,258 119,564
2009 58,414 34,639 93,053
2010 45,038 25,586 70,624
2011 34,910 19,969 54,879
2012 29,370 14,183 43,553
Thereafter 114,613 87,760 202,373
357,651 226,395 584,046
Less sublease rental income - (1,652) (1,652)
357,651$ 224,743$ 582,394$
Vehicle Insurance Reserves
The Company is self insured for a portion of vehicle insurance claims. In general, the Company
retained the risk for the first $2,000,000 of loss per occurrence for public liability and property
damage claims, including third-party bodily injury and property damage, in 2004 and 2005, plus a
self-insured corridor of $1,000,000 per occurrence for losses in excess of $2,000,000 with an
aggregate limit of $3,000,000 for losses within this corridor. Beginning in March 2006 and
continuing in 2007, the Company retained risk of loss up to $4,000,000 per occurrence for public
liability and property damage claims, including third-party bodily injury and property damage, plus a
self-insured corridor of $1,000,000 per occurrence for losses in excess of $4,000,000 with an
aggregate limit of $7,000,000 for losses within this corridor. In February 2008, the Company
increased its retained risk of loss up to $5,000,000 per occurrence for public liability and property
damage claims, including third-party bodily injury and property damage. The Company maintains
insurance for losses above these levels.
The Company continues to retain the risk of loss on supplemental liability insurance (“SLI”) policies
sold to vehicle rental customers.
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