COMMITMENTS AND CONTINGENCIES

12 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Operating Leases: The Company operates in a number of locations across the U.S. including space for corporate offices in Houston, Texas. Sharps has manufacturing, assembly, storage, distribution and warehousing operations as well as two (2) fully-permitted facilities that house our processing and treatment operations. The Company owns one processing and treatment facility and leases all other spaces. The Company also leases a number of trucks and office equipment. The leases expire between fiscal years 2019 to 2024 with options to renew ranging from 1 years to 5 years.

Rent expense for the fiscal years ended June 30, 2018, 2017 and 2016 was $2.0 million, $1.5 million and $0.9 million, respectively. Future minimum lease payments under non-cancelable operating leases as of June 30, 2018 are as follows (in thousands):



	Year Ended June 30,
	2019		2020		2021		2022		2023		Thereafter
Operating lease obligations	$	2,166	$	1,903	$	1,165	$	414	$	71	$	17

Performance Bonds: The Company utilizes performance bonds to support operations based on certain state requirements. At June 30, 2018, the Company had performance bonds outstanding covering financial assurance up to $0.7 million.

Other: From time to time, the Company is involved in legal proceedings and litigation in the ordinary course of business. In the opinion of management, the outcome of such matters is not anticipated to have a material adverse effect on the Company’s consolidated financial position or consolidated results of operations.