NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollar amounts in thousands except per share data) Note 14—Business Segments (continued) Assets for each segment are reported based on a specific identification basis.
The insurance segments’ assets contain deferred acquisition costs (including the value of insurance purchased).
The investment segment includes the investment portfolio, cash, and accrued investment income.
Goodwill is assigned to the insurance segments at the time of purchase based on the excess of cost over the fair value of assets acquired for the benefit of that segment.
All other assets are included in the Other category.
The table below reconciles segment assets to total assets as reported in the consolidated financial statements.
Assets by Segment
## Table 0 ##
Other Balances by Segment
## Table 1 ##
under the caption Settlements, we were involved in certain issues in which we incurred settlement losses and expenses.
In connection with the 2012 purchase of Family Heritage, as described in Note 6— Acquisition, we incurred $2.9 million of acquisition-related expenses ($1.9 million after tax).
During 2013, Torchmark incurred a state guaranty fund assessment in the amount of $1.2 million ($751 thousand after tax), resulting from events in years prior to 2012.
Also in 2013, we resolved a legal matter related to a non-insurance issue in the amount of $500 thousand ($325 thousand after tax), and settled additional litigation related to prior years in the amount of $8.6 million ($5.6 million after tax).
During 2014, Torchmark accrued for certain litigation matters in the net amount of $3.7 million ($2.4 million after tax) that were not directly related to its insurance operations.
Additionally, Torchmark received $1.3 million ($853 thousand after tax) in settlement of litigation regarding investments.
Also in 2014, the Company recorded $8.2 million in administrative settlements ($5.3 million after tax) related to benefits paid for deaths occurring in prior years where claims were not filed.
All of these items have been expensed in the Consolidated Statements of Operations.
However, as described in Note 1, we remove items such as these that relate to prior periods or are non-operating items when evaluating the results of current operations, and therefore exclude such matters from our segment analysis for current periods.
Torchmark has in place an ongoing share repurchase program which began in 1986.
With no specified authorization amount, we determine the amount of repurchases based on the amount of the Company’s excess cash flow, general market conditions, and other alternative uses.
The majority of these purchases are made from excess operating cash flow.
Additionally, when stock options are exercised, proceeds from these exercises and the tax benefit are used to repurchase additional shares on the open market to minimize dilution as a result of the option exercises.
The Board of Directors has authorized the Company’s share repurchase program in amounts and with timing that management, in consultation with the Board, determines to be in the best interest of the Company and its shareholders.
The following chart summarizes share purchase activity for each of the three years ended December 31, 2014.
Analysis of Share Purchases (Amounts in thousands)
## Table 2 ##
* Share purchases for the years 2013 and 2012 have been retrospectively adjusted for the three-for-two stock split effective July 1, 2014.
Option proceeds were unusually high in 2012 due to option holders exercising several years of option grants that expired in 2012.
Throughout the remainder of this discussion, share purchases refer only to those made from excess cash flow and borrowings.
A discussion of each of Torchmark’s segments follows.
The following discussions are presented in the manner we view our operations, as described in Note 14—Business Segments
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) the realization of this investment gain ($5,624 net of the award).
This award, which will be paid out over a three-year period, is presented as Deferred compensation award on the balance sheet.
As of December 31, 2002, $1,504 had been paid against this compensation award.401(K) Plan During August 1997, the Company implemented a 401(K) Savings/Retirement Plan (the “401(K) Plan”) to cover eligible employees of the Company and any designated affiliate.
The 401(K) Plan permits eligible employees of the Company to defer up to 15% of their annual compensation, subject to certain limitations imposed by the Code.
The employees’ elective deferrals are immediately vested and non-forfeitable upon contribution to the 401(K) Plan.
During 2000, the Company amended its 401(K) Plan to include a matching contribution, subject to ERISA limitations, equal to 50% of the first 4% of annual compensation deferred by an employee.
For the years ended December 31, 2002, 2001 and 2000, the Company made matching contributions of $140, $116 and $54, respectively.18.
Commitments and Contingencies The Company and the Operating Partnership are not presently involved in any material litigation nor, to their knowledge, is any material litigation threatened against them or their properties, other than routine litigation arising in the ordinary course of business.
Management believes the costs, if any, incurred by the Company and the Operating Partnership related to this litigation will not materially affect the financial position, operating results or liquidity of the Company and the Operating Partnership.
On October 24, 2001, an accident occurred at 215 Park Avenue South, a property which the Company manages, but does not own.
Personal injury claims have been filed against the Company and others by 11 persons.
The Company believes that there is sufficient insurance coverage to cover the cost of such claims, as well as any other personal injury or property claims which may arise.
The Company has entered into employment agreements with certain executives.
Six executives have employment agreements which expire between November 2003 and December 2007.
The cash based compensation associated with these employment agreements totals approximately $2,125 for 2003.
During March 1998, the Company acquired an operating sub-leasehold position at 420 Lexington Avenue.
The operating sub-leasehold position requires annual ground lease payments totaling $6,000 and sub-leasehold position payments totaling $1,100 (excluding an operating sub-lease position purchased January 1999).
The ground lease and sub-leasehold positions expire 2008.
The Company may extend the positions through 2029 at market rents.
The property located at 1140 Avenue of the Americas operates under a net ground lease ($348 annually) with a term expiration date of 2016 and with an option to renew for an additional 50 years.
The property located at 711 Third Avenue operates under an operating sub-lease which expires in 2083.
Under the sublease, the Company is responsible for ground rent payments of $1,600 annually which increased to $3,100 in July 2001 and will continue for the next ten years.
The ground rent is reset after year ten based on the estimated fair market value of the property.
In April 1988, the SL Green predecessor entered into a lease agreement for property at 673 First Avenue in New York City, which has been capitalized for financial statement purposes.
Land was estimated to be approximately 70% of the fair market value of the property.
The portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease.
The initial lease term is 49 years with an option for an additional 26 years.
Beginning in lease years 11 and 25, the lessor is entitled to additional rent as defined by the lease agreement.
The Company continues to lease the 673 First Avenue property which has been classified as a capital lease with a cost basis of $12,208 and cumulative amortization of $3,579 and $3,306 at December 31, 2002 and 2001, respectively.
The following is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of December 31, 2002.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="7"> At December 31, 2014</td></tr><tr><td></td><td> Life</td><td> Health</td><td> Medicare Part D</td><td> Annuity</td><td> Investment</td><td> Other</td><td> Consolidated</td></tr><tr><td>Cash and invested assets</td><td></td><td></td><td></td><td></td><td>$15,058,996</td><td></td><td>$15,058,996</td></tr><tr><td>Accrued investment income</td><td></td><td></td><td></td><td></td><td>204,879</td><td></td><td>204,879</td></tr><tr><td>Deferred acquisition costs</td><td>$2,946,995</td><td>$493,880</td><td>$14,384</td><td>$16,522</td><td></td><td></td><td>3,471,781</td></tr><tr><td>Goodwill</td><td>309,609</td><td>131,982</td><td></td><td></td><td></td><td></td><td>441,591</td></tr><tr><td>Other assets</td><td></td><td></td><td></td><td></td><td></td><td>$1,037,483</td><td>1,037,483</td></tr><tr><td>Total assets</td><td>$3,256,604</td><td>$625,862</td><td>$14,384</td><td>$16.522</td><td>$15,263,875</td><td>$1,037,483</td><td>$20,214,730</td></tr><tr><td></td><td colspan="7"> At December 31, 2013*</td></tr><tr><td></td><td> Life</td><td> Health</td><td> Medicare Part D</td><td> Annuity</td><td> Investment</td><td> Other</td><td> Consolidated</td></tr><tr><td>Cash and invested assets</td><td></td><td></td><td></td><td></td><td>$13,456,944</td><td></td><td>$13,456,944</td></tr><tr><td>Accrued investment income</td><td></td><td></td><td></td><td></td><td>200,038</td><td></td><td>200,038</td></tr><tr><td>Deferred acquisition costs</td><td>$2,809,199</td><td>$485,527</td><td>$12,216</td><td>$30,707</td><td></td><td></td><td>3,337,649</td></tr><tr><td>Goodwill</td><td>309,609</td><td>131,982</td><td></td><td></td><td></td><td></td><td>441,591</td></tr><tr><td>Other assets</td><td></td><td></td><td></td><td></td><td></td><td>$755,522</td><td>755,522</td></tr><tr><td>Total assets</td><td>$3,118,808</td><td>$617,509</td><td>$12,216</td><td>$30,707</td><td>$13,656,982</td><td>$755,522</td><td>$18,191,744</td></tr></table>
<table><tr><td></td><td colspan="6"> At December 31, 2014</td></tr><tr><td></td><td> Life</td><td> Health</td><td>Medicare Part D</td><td> Annuity</td><td> Investment</td><td> Consolidated</td></tr><tr><td>Future policy benefits</td><td>$8,900,344</td><td>$1,489,963</td><td></td><td>$1,360,188</td><td></td><td>$11,750,495</td></tr><tr><td>Unearned and advance premium</td><td>17,238</td><td>54,465</td><td>$572</td><td></td><td></td><td>72,275</td></tr><tr><td>Policy claims and other benefits payable</td><td>125,884</td><td>128,265</td><td>-42,012</td><td></td><td></td><td>212,137</td></tr><tr><td>Debt</td><td></td><td></td><td></td><td></td><td>$1,230,528</td><td>1,230,528</td></tr><tr><td>Total</td><td>$9,043,466</td><td>$1,672,693</td><td>$-41,440</td><td>$1,360,188</td><td>$1,230,528</td><td>$13,265,435</td></tr><tr><td></td><td colspan="6"> At December 31, 2013*</td></tr><tr><td></td><td> Life</td><td> Health</td><td>Medicare Part D</td><td> Annuity</td><td> Investment</td><td> Consolidated</td></tr><tr><td>Future policy benefits</td><td>$8,493,972</td><td>$1,384,365</td><td></td><td>$1,377,818</td><td></td><td>$11,256,155</td></tr><tr><td>Unearned and advance premium</td><td>16,970</td><td>54,248</td><td>$2,956</td><td></td><td></td><td>74,174</td></tr><tr><td>Policy claims and other benefits payable</td><td>121,661</td><td>116,559</td><td>-14,840</td><td></td><td></td><td>223,380</td></tr><tr><td>Debt</td><td></td><td></td><td></td><td></td><td>$1,219,935</td><td>1,219,935</td></tr><tr><td>Total</td><td>$8,632,603</td><td>$1,555,172</td><td>$-11,884</td><td>$1,377,818</td><td>$1,219,935</td><td>$12,773,644</td></tr></table>
<table><tr><td></td><td colspan="2"> 2014</td><td colspan="2"> 2013*</td><td colspan="2"> 2012*</td></tr><tr><td> Purchases</td><td> Shares</td><td> Amount</td><td> Shares</td><td> Amount</td><td> Shares</td><td> Amount</td></tr><tr><td>Excess cash flow and borrowings</td><td>7,155</td><td>$375,042</td><td>8,280</td><td>$360,001</td><td>11,219</td><td>$360,490</td></tr><tr><td>Option proceeds</td><td>1,394</td><td>74,266</td><td>2,789</td><td>122,263</td><td>6,438</td><td>209,675</td></tr><tr><td>Total</td><td>8,549</td><td>$449,308</td><td>11,069</td><td>$482,264</td><td>17,657</td><td>$570,165</td></tr></table>

Question: the lessor is entitled to additional rent as defined by the lease agreement for what percentage of the original agreement?
Answer: 2.85714
Reasoning program: divide(140,49)