The Company leases facilities, equipment and vehicles under non-cancelable operating leases with various expiration dates through Monthly lease payments range from to Total rental expense for Successor period from through the Predecessor period from through the fiscal year ended was million, million, million, respectively, which also includes the Company’s month-to-month leases.

 

The following is a summary of future minimum lease payments for the years ended

 

(in thousands)		Future Payments
2020		$	2,997
2021			2,262
2022			1,928
2023			1,268
2024			727
Thereafter			1,165
Total		$	10,347

The Company has a limited number of capital leases related to land and buildings. The capital lease obligation recorded as of was million while the net book value of the leased assets as of was million.

 

The following is a summary of future minimum lease payments together with the present value of those payments for the years ended

 

(in thousands)		Future Payments
2020		$	105
2021			113
2022			115
2023			118
2024			120
Thereafter			60
Total minimum lease payments			631
Less the amount representing interest			(63	)
Present value of minimum lease payments		$	568

 

As of and the Company was partially insured for automobile, general and worker's compensation liability with the following deductibles (per occurrence):

 

		Deductible
General liability		$	250,000
General liability (in the case of accident and driver has completed NBIS driver training)		$	125,000
Automobile		$	100,000
Workers' compensation		$	250,000

 

The Successor and Predecessor had accrued million and million, as of and respectively, for claims incurred but reported and estimated losses reported, which is included in accrued expenses and other current liabilities in the accompanying consolidated balance sheet.

 

The Company offers employee health benefits via a partially self-insured medical benefit plan. Participant claims exceeding certain limits are covered by a stop-loss insurance policy. As of and the Company had accrued million and million, respectively, for health claims incurred but reported based on historical claims amounts and average lag time. These accruals are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheet. The Company contracts with a -party administrator to process claims, remit benefits, etc. The -party administrator requires the Company to maintain a bank account to facilitate the administration of claims. The account balance was million and million, as of and respectively, and is included in cash and cash equivalents in the accompanying consolidated balance sheet.

 

The Company is currently involved in certain legal proceedings and other disputes with parties that have arisen in the ordinary course of business. Management believes that the outcomes of these matters will have a material impact on the Company’s financial statements and does believe that any amounts need to be recorded for contingent liabilities in the Company’s consolidated balance sheet.

 

 

The ABL Credit Agreement provides for up to million of standby letters of credit. As of total outstanding letters of credit totaled million, the vast majority of which had been committed to the Company’s general liability insurance provider.