Note 17.

Capital Lease

During the quarter ended December 31, 2016, the Company’s OptoElectronic Devices subsidiary entered into a capital lease related to a building in Warren, New Jersey. The following table shows the future minimum lease payments due under the non-cancelable capital lease ($000):

Fiscal Year Ending June 30,	Amount
2017 (remaining)	$	645
2018		2,579
2019		2,579
2020		2,579
2021		2,579
Thereafter		27,082

Total minimum lease payments	$	38,043
Less amount representing interest		13,297

Present value of capitalized payments	$	24,746
Less: current portion		1,057

Long-term portion	$	23,689

The current and long-term portion of the capital lease obligation was recorded in Other accrued liabilities and Capital lease obligation, respectively, in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2017. The present value of capitalized payments of $25.0 million was recorded in Property, Plant & Equipment, net, in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2017, with associated depreciation being recorded over the 15 year life of the lease.