星空传媒 Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASE OBLIGATIONS

LEASE OBLIGATIONS

3 Months Ended

Mar. 31, 2017

Leases [Abstract]

听

LEASE OBLIGATIONS

NOTE 10 - LEASE OBLIGATIONS

We lease certain mining, production and other equipment under operating and capital leases. The capital leases are for varying lengths, generally at market interest rates and contain purchase and/or renewal options at the end of the terms. Our operating lease expense was $1.7 million for the three months ended March听31, 2017 compared with $2.4 million for the three months ended March听31, 2016.

Future minimum payments under capital leases and non-cancellable operating leases at March听31, 2017 are as follows:



听	(In Millions)
听	Capital Leases		听	Operating Leases
2017 (April 1 - December 31)	$	17.2	听	$	5.3
2018	18.8		听	5.8
2019	10.4		听	3.0
2020	9.4		听	2.9
2021	8.7		听	3.0
2022 and thereafter	1.4		听	鈥�
Total minimum lease payments	$	65.9	听	$	20.0
Amounts representing interest	11.8		听	听
Present value of net minimum lease payments¹	$	54.1	听	听
听	听		听	听
¹听The total is comprised of $18.0 million and $36.1 million classified as Other current liabilities听and Other liabilities, respectively, in the Statements of Unaudited Condensed Consolidated Financial Position at March听31, 2017.