Lease Commitments and Total Rental Expense

12 Months Ended

Sep. 30, 2014

Lease Commitments and Total Rental Expense [Abstract]

Lease Commitments and Total Rental Expense

Note 10—Lease Commitments and Total Rental Expense

The Company leases five locations under long-term operating leases. Future minimum lease payments by year and in the aggregate, under non-cancellable operating leases with initial or remaining terms of one year or more, consisted of the following at September 30, 2014 (in thousands):


Years ending September 30,
2015	$	577
2016		500
2017		503
2018		375
2019		279
Thereafter		1,528
	$	3,762

The total rental expense and related charges for all leases for the years ended September 30, 2014 and 2013 was $797,000 and $786,000, respectively.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details