Commitments and Contingencies

3 Months Ended

Oct. 02, 2016

Commitments and Contingencies

Commitments and Contingencies

NOTE 12 – Commitments and Contingencies

The Company leases land, facilities, and equipment under various non-cancellable operating lease agreements expiring through August 31, 2024, 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%.

From time to time, the Company is a party to various litigation matters incidental to the conduct of its business.  As of October 2, 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.