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Commitments and Contingencies
6 Months Ended
Dec. 31, 2015
Commitments and Contingencies  
Commitments and Contingencies

 

Note 13.  Commitments and Contingencies

 

Leases

 

The Company leases certain manufacturing and office equipment, in the ordinary course of business.  These assets are typically renewed annually.  Rental and lease expense was not material for all periods presented.

 

Future minimum lease payments under noncancelable operating leases (with initial or remaining lease terms in excess of one year) for the remainder of Fiscal 2016 and the twelve month periods ending June 30 and thereafter are as follows:

 

(In thousands)

 

Amounts Due

 

Remainder of 2016

 

$

706 

 

2017

 

1,403 

 

2018

 

1,394 

 

2019

 

1,399 

 

2020

 

1,376 

 

Thereafter

 

7,398 

 

 

 

 

 

Total

 

$

13,676