Hillman Solutions Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases

Leases

12 Months Ended

Dec. 31, 2011

Leases [Abstract]

Leases

10.

Leases:

Certain warehouse, office space and equipment are leased under capital and operating leases with terms in excess of one year. Future minimum lease payments under non-cancellable leases consisted of the following at December 31, 2011:


	Capital			Operating
	Leases			Leases
2012	$	38		$	8,000
2013		36			5,758
2014		30			3,549
2015		30			2,941
2016		17			2,696
Later years		—			15,954

Total minimum lease payments		151		$	38,898

Less amounts representing interest		(17	)

Present value of net minimum lease payments (including $31 currently payable)	$	134

The rental expense for all operating leases was $9,039, $4,989, $3,616, and $8,716 for the Successor year ended December 31, 2011, seven months ended December 31, 2010, Predecessor five months ended May 28, 2010 and Predecessor year ended December 31, 2009, respectively. Certain leases are subject to terms of renewal and escalation clauses.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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