Manitex International, Inc. - 10-K filing on 2017-03-10

Leases (Tables)

12 Months Ended

Dec. 31, 2016

The following is a summary of amounts financed under equipment capital lease agreements:

Amount

Borrowed

Repayment

Period

Amount of

Monthly Payment

Balance

As of December 31,

2016

New equipment

1,166

518

Future Minimum Lease Payments are:

Years	Operating Leases		Capital Leases
2017	$	2,331	$	1,051
2018		2,031		1,248
2019		2,030		1,248
2020		976		866
2021		976		865
Subsequent		71		6,207
Total Minimum Lease Payments	$	8,415		11,485
Less: imputed interest				(5,143	)
Present value of minimum lease payment			$	6,342
Less: current portion				(338	)
Long-term capital lease obligations			$	6,004

Capital Item—as of or for the year ended December 31, 2016	Cost		Accumulated Depreciation		Depreciation Expense		Interest Expense
Building—Georgetown, TX	$	4,881	$	512	$	385	$	670
Land & Building—Winona, MN		1,700		424		57		—
Other Capitalized leases		1,166		—		—		33
Totals	$	7,747	$	936	$	442	$	703

Capital Item—as of or for the year ended December 31, 2015	Cost		Accumulated Depreciation		Depreciation Expense		Interest Expense
Building—Georgetown, TX	$	4,844	$	127	$	158	$	468
Land & Building—Winona, MN		1,700		367		56		—
Other Capitalized leases		2,240		87		19		71
Totals	$	8,784	$	581	$	233	$	539

The following table provides additional information: