Leases

12 Months Ended

Mar. 03, 2018

The Company leases retail stores under non-cancelable operating leases, which generally have lease terms ranging from three to ten years. Most of these lease arrangements do not provide for renewal periods; however, management expects that in the normal course of business, expiring leases will generally be renewed or, upon making a decision to relocate, replaced by leases at other premises.

In addition to rent payments, leases generally require additional payments covering real estate taxes, insurance, maintenance, and other costs. These additional payments are excluded from the table below. The components of rent expense incurred under these leases are as follows for each of the following fiscal years (in thousands):



	2018		2017		2016
Minimum rent	$	103,361	$	103,935	$	102,916
Contingent rent	32,041		34,397		28,560
Rent expense	$	135,402	$	138,332	$	131,476

A schedule of future base rent payments by fiscal year with initial or remaining non-cancelable terms of one year or more is as follows (in thousands):



2019	$	125,252
2020	116,311
2021	109,975
2022	104,819
2023	91,781
Thereafter	123,515
Total	$	671,653

The lease commitments in the table above include the guaranteed minimum license fee associated with shops within department stores.

FINISH LINE INC /IN/ 10-K