Note 20 - Operating Leases

12 Months Ended

Sep. 27, 2014

Leases of Lessee Disclosure [Text Block]

20 .	OPERATING LEASES

We lease truck equipment in South Carolina. In addition, we lease a 15,000 square foot distribution facility in Utah for $7,500 a month. The Utah facility lease is cancellable by either party with 60 days’ notice. Both leases require us to pay certain insurance and maintenance costs.

Rental expense for all operating leases was $375,000 in fiscal 2014, $424,000 in fiscal 2013, and $414,000 in fiscal 2012.

In connection with our acquisition of M.C. Healthcare on December 9, 2011, we signed a five-year commitment to lease Old M.C. Healthcare’s 50,000 square foot manufacturing and showroom facility in Beamsville, Ontario

at CDN $265,000 per year. The lease includes a one-time option, exercisable in the last year of the initial lease term, to buy the property or renew the lease for an additional five years.

- 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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