Commitments and Contingencies

9 Months Ended

Mar. 27, 2016

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 5.8%.

During the nine months ended March 27, 2016, the Company entered into several long-term equipment operating leases totaling approximately $2.3 million and expiring at various dates through fiscal year 2021 with optional renewal periods.

From time to time, the Company is a party to various litigation matters incidental to the conduct of its business.  As of March 27, 2016, 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.