Lease Commitments

12 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

LEASE COMMITMENTS

The Company has operating leases for office equipment that expire between fiscal years 2015 and 2018 and for office facilities in Canada that expire in 2018. Lease expenses totaled $494,000; $491,000; and $572,000; in fiscal years 2014, 2013, and 2012, respectively. Minimum non-cancelable lease payments required under operating leases for future periods, are as follows:



(dollars in thousands)
Fiscal Year	Amount
2015	$	291
2016	251
2017	185
2018	117
2019	—
Total	$	844

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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