Commitments and Contingencies

6 Months Ended

Dec. 27, 2015

Commitments and Contingencies

Commitments and Contingencies

NOTE 11 – Commitments and Contingencies

The Company leases land, facilities, and equipment under various non-cancellable operating lease agreements expiring through August 31, 2019, which contain various renewal options.  The Company also leases equipment under non-cancellable capital lease agreements expiring through June 30, 2024.  The capital leases have interest rates ranging from 3.0% to 9.2%.

During the quarter ended December 27, 2015, the Company entered into several long-term equipment operating leases totaling approximately $2.5 million and expiring at various dates through fiscal year 2020 with optional renewal periods.

From time to time, the Company is a party to various litigation matters incidental to the conduct of its business.  The Company is not presently a party to any legal proceedings, the resolution of which, management believes, would have a material adverse effect on its business, operating results, financial condition, or cash flows.