Annual report pursuant to Section 13 and 15(d)

Note 7 - Commitments and Contingencies

v3.19.3
Note 7 - Commitments and Contingencies
12 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
Note
7.
Commitments and Contingencies: 
 
The Company leases office and warehouse space, vehicles and various office equipment under operating leases. At
June 30, 2019,
aggregate net minimum rental commitments under non-cancelable leases having an initial or remaining term of more than
one
year are payable as follows (in thousands):
 
2020
  $
13,707
 
2021
   
13,469
 
2022
   
13,154
 
2023
   
12,716
 
2024
   
11,392
 
Thereafter
   
51,895
 
Total
  $
116,333
 
 
Total rent expense was approximately
$12.9
million,
$10.8
million, and
$9.8
million for the years ended
June 30, 2019,
2018,
and
2017,
respectively.
 
The Company is routinely subject to claims and involved in legal actions which are incidental to the business of the Company. Although it is difficult to predict the ultimate outcome of these matters, management believes that any ultimate liability will
not
materially affect the consolidated financial position or results of operations of the Company.