Annual report pursuant to Section 13 and 15(d)

Note 7 - Commitments and Contingencies

Note 7 - Commitments and Contingencies

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

Note

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.