Commitments

12 Months Ended

Jun. 30, 2011

Commitments

Commitments

(16) Commitments

We lease buildings, motor vehicles and office equipment under operating leases. We expense rental charges for operating leases on a straight-line basis over the lease term taking into account rent concessions or holidays. Rent expenses under operating leases for the years ended June 30, 2011, 2010 and 2009 were approximately $14.3 million, $13.1 million and $14.9 million, respectively. At June 30, 2011 we had the following future minimum lease payments under non-cancelable operating leases (in thousands):

Years	Operating Leases
2012	$	14,020
2013		9,855
2014		7,066
2015		4,639
2016		2,400
Thereafter		1,113
Total minimum lease payments	$	39,093

Excluding lease commitments, details of contractual obligations at June 30, 2011 are as follows (in thousands):

			Payments Due by Period
In $000's	Total		2012		2013		2014		2015		2016		Thereafter
Long-Term Debt	$	100,163	$	163	$	0	$	100,000	$	0	$	0	$	0
Purchase Obligations		98,425		96,097		2,328		0		0		0		0
Total Contractual Obligations	$	198,588	$	96,260	$	2,328	$	100,000	$	0	$	0	$	0

Details of other commercial commitments at June 30, 2011 are as follows:

In $000's	Total Amounts Committed		Amount of Commitment Expiration Per Period
			2012		2013		2014		2015		2016		Thereafter
Standby Letters of Credit	$	99	$	61	$	0	$	0	$	0	$	0	$	38
Other		9,271		8,413		429		429		0		0		0
Guarantees*		8,912		3,908		1,080		623		636		0		2,665
Total Commercial Commitments	$	18,282	$	12,382	$	1,509	$	1,052	$	636	$	0	$	2,703

^* The above guarantees mainly relate to requirements under contractual obligations with insurance companies transacting with our German subsidiaries.