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## 3. ACCRUED EXPENSES, INTEREST AND OTHER CURRENT LIABILITIES 

Accrued expenses, interest and other current liabilities is comprised of the following (dollars in thousands): 

## THE CHILDREN’S PLACE RETAIL STORES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 

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## 4. COMMITMENTS AND CONTINGENCIES 

The Company leases all of its stores and distribution facilities, and certain office equipment, store fixtures and automobiles, under leases expiring at various dates through 2017. Certain leases include options to renew. The leases require fixed minimum annual rental payments plus, under the terms of certain leases, additional payments for taxes, other expenses and additional rent based upon sales. 

Rent expense is as follows (dollars in thousands): 

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