Lease Commitments

12 Months Ended

Jun. 30, 2016

The Company had commitments as of June 30, 2016 under non-cancellable operating leases for office facilities and equipment. The Company recognizes escalating rental payments on a straight-line basis over the terms of the related leases in order to provide level recognition of rental expense in accordance with ASC Subtopic 840-20, Operating Leases. Such rental expense in excess of the cash paid is recognized as deferred rent as of June 30, 2016. Rental expense, net of sublease income, charged to operations in fiscal years 2016, 2015 and 2014 was $20,336, $16,019 and $14,864, (including rent expense associated with related party lease agreements of $1,181, $1,151 and $1,275) respectively. Also included in fiscal year 2016 rent expense is $2,199 relating to restructuring lease expense.

Minimum operating lease obligations payable in future fiscal years are as follows:



2017	$	18,699
2018	15,902
2019	13,306
2020	10,909
2021	8,051
2022 and thereafter	13,637
	$	80,504

Included in future minimum lease payments are non-cancellable payments due to related parties of $874 in 2017, $843 in 2018, $843 in 2019, $397 in 2020 and $0 thereafter.