Operating Leases

12 Months Ended

Jun. 30, 2016

Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]

Note 15—Operating Leases

The Company has various operating leases for certain facilities and equipment. Future minimum rental payments at June 30, 2016 under non-cancelable operating leases with initial terms of one year or more for the next five years and thereafter are as follows:


For the Fiscal Year Ending June 30,	Amount
2017	$	13,941
2018		11,285
2019		8,411
2020		7,097
2021		9,165
Thereafter		16,534
	$	66,433

Rent expense under all operating leases were $13,381, $14,504, $6,788 and $519 for the fiscal years ended June 30, 2016 and 2015, the period from August 15, 2013 through June 30, 2014, and the period from July 1, 2013 through August 14, 2013, respectively.

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details