At the Company’s discretion, RsU holders are given the option to net-share settle to cover the required minimum withholding  tax, and the remaining amount is converted into the equivalent number of common shares. During the year ended December  31, 2014, 9,878 shares were redeemed for this purpose at an average market price of $25.88. During the years ended December  31, 2013 and 2012, 22,089 and 25,684 shares were redeemed for this purpose at an average market price of $19.29 and $16.10,  respectively. the following summarizes the future share-based compensation expense the Company will record as the equity securities  granted through December 31, 2014, vest (in thousands): tax benefits totaling approximately $1,219,000, $818,000 and $831,000 were recognized as additional paid-in capital during  the years ended December 31, 2014, 2013 and 2012, respectively, since the Company’s tax deductions exceeded the share-based  compensation charge recognized for stock options exercised and RsUs vested. On March 18, 2009, the Company declared a dividend of one preferred share purchase right (a “Right”) for each  outstanding share of common stock, par value $0.01 per share on March 20, 2009, to the stockholders of record on that  date. each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of series A  Junior participating preferred stock, par value $0.01 per share (the “preferred share”), of the Company, at a price of $25.00  per one one-thousandth of a preferred share subject to adjustment and the terms of the Rights Agreement. the rights  expire on March 19, 2019. the Company provides discretionary supplemental retirement benefits for certain retired officers, which will provide  an annual benefit to these individuals for various terms following separation from employment. the Company recorded  an expense of approximately $23,000, $17,000 and $32,000 for the years ended December 31, 2014, 2013 and 2012,  respectively. the present value of the supplemental retirement obligation has been calculated using a 4.0% discount rate,  and is included in retirement and other liabilities. total projected future cash payments for the years ending December 31,  2015 through 2019, are approximately $25,000 for each year. Future minimum lease payments under non-cancelable operating leases as of December 31, 2014, are as follows (in  thousands): Rent expense amounted to approximately $1.8 million, $2.0 million and $2.4 million in 2014, 2013 and 2012 respectively 31 (b)  Legal  – the Company is a defendant in various administrative proceedings that are being handled in the ordinary  course of business. In the opinion of management of the Company, these suits and claims should not result in final  judgments or settlements that, in the aggregate, would have a material adverse effect on the Company’s financial  condition or results of operations. (a) Minimum payments have not been reduced by minimum sublease rentals of approximately $589,000 due in the  future under noncancelable subleases. (a)  Leases  – the Company has operating leases for certain facilities that expire through 2018. Certain of the leases contain  escalation clauses that require payments of additional rent, as well as increases in related operating costs. (13) Preferred Stock (14) Supplemental retirement benefits (15) commitments and contingencies Years ending december 31  operating Leases 2015  $ 1,443  2016 1,341  2017 921  2018 91 total minimum lease payments (a)  $ 3,796 restricted options  common Stock  Stock units  total 2015  $ 172  —  $ 196  $ 368  2016 147 — 147 294  2017 46 — 101 147  2018 16 — 16 32 total  $ 381  $ —  $ 460 $ 841