Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v2.4.0.6
Leases (Tables)
12 Months Ended
Dec. 31, 2011
Leases [Abstract]  
Operating Leases of Lessee Disclosure [Table Text Block]
Future annual minimum lease payments, excluding inflationary adjustments, are as follows (in thousands): 
Years Ending December 31,
Operating
Leases (2) (3)
2012
$
14,046

2013
14,242

2014
13,188

2015
12,764

2016
12,837

Thereafter (1)
260,195

Total
$
327,272


 
(1)
Includes certain lease option renewals as they were reasonably assured.
(2)
Future annual minimum lease payments do not include $3.4 million expected to be recovered through sublease agreements for our office leases in Houston, Texas.
(3)
Lease payments for our tug boat lease represent third-party tug boat lease payment obligations and do not take into account the payments we receive from our third-party TUA customers that effectively offset $80.2 million, or two-thirds of our lease payment obligations, as discussed below.