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Leases

12 Months Ended

May 31, 2014

8. Leases

Future minimum payments under non-cancelable operating leases that have initial or remaining non-cancelable terms in excess of one year at May 31, 2014 are as follows (in thousands):


2015	$	492
2016		454
2017		401
2018		270
2019		18
Total minimum lease payments	$	1,635

Substantially all of the leases provide that the Company pays taxes, maintenance, insurance and certain other operating expenses applicable to the leased assets. Vehicle rent expense totaled $174,000, $382,000 and $538,000 in fiscal 2014, 2013 and 2012, respectively. Rent expense excluding vehicle rent was $2.7 million, $2.9 million, and $2.9 million in fiscal 2014, 2013 and 2012, respectively, primarily for the lease of certain operating facilities and equipment.

- 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.

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