XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Commitment and Contingencies
3 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitment and Contingencies

Operating Leases

The Company leases manufacturing and other space, as well as equipment, under lease agreements that expire at various dates through March 2020. Rental expenses were $172 and $342 for the three months ended September 30, 2016 and 2015, respectively.

Future minimum lease payments under the agreements as of September 30, 2016 are as follows:
Nine months ended June 30, 2017
$
459

Fiscal 2018
523

Fiscal 2019
471

Fiscal 2020
353

 
$
1,806



Stockholder Securities Litigation

With respect to Shoemaker v. Cardiovascular Systems, Inc. et al., 0:16-cv-00568 (D. Minn.) described in Note 9 of the notes to the consolidated annual financial statements, included in the Form 10-K filed by the Company with the SEC on August 25, 2016., the Company filed a motion to dismiss the complaint in this action on August 29, 2016.

Stockholder Derivative Action

With respect to the stockholder derivative action described in Note 9 of the notes to the consolidated annual financial statements, included in the Form 10-K filed by the Company with the SEC on August 25, 2016, the plaintiff amended its complaint on September 19, 2016. On October 19, 2016, the plaintiff filed a notice of voluntary dismissal of the complaint.




Other Matters

In the ordinary conduct of business, the Company is subject to various lawsuits and claims covering a wide range of matters including, but not limited to, employment claims and commercial disputes. While the outcome of these matters is uncertain, the Company does not believe there are any significant matters as of September 30, 2016 that are probable or estimable, for which the outcome could have a material adverse impact on its consolidated balance sheets or statements of operations.