Operating Leases

12 Months Ended

Jun. 30, 2012

Note 9.

Operating Leases

The Company leases certain property under operating leases that expire at various dates through the year ending June 30, 2056. Future rental commitments applicable to the operating leases at June 30, 2012 are as follows:


Year Ending June 30,
($000)
2013	$	7,613
2014		6,049
2015		5,230
2016		3,404
2017		2,009
Thereafter		19,576

Rent expense was approximately $7.6 million, $5.6 million, and $4.1 million for the fiscal years ended June 30, 2012, 2011 and 2010, respectively.

- Definition

The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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