Operating Leases

12 Months Ended

Jun. 30, 2014

Note 10.

Operating Leases

The Company leases certain property under operating leases that expire at various dates through the year ending July 2061. Future rental commitments applicable to the operating leases at June 30, 2014 are as follows:

Year Ending June 30,
($000)
2015	$	13,298
2016		10,056
2017		7,191
2018		5,158
2019		1,990
Thereafter		18,795

Rent expense was approximately $13.6 million, $9.8 million, and $7.6 million for the fiscal years ended June 30, 2014, 2013 and 2012, 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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