LEASE OBLIGATIONS, OTHER COMMITMENTS, AND CONTINGENCIES

6 Months Ended

Nov. 30, 2013

LEASE OBLIGATIONS, OTHER COMMITMENTS, AND CONTINGENCIES

LEASE OBLIGATIONS, OTHER COMMITMENTS, AND CONTINGENCIES

We lease certain warehouse and office facilities and office equipment under non-cancelable operating leases. Rent expense from continuing operations during the first six months of fiscal 2014 was $0.8 million compared to $0.7 million during the first six months of fiscal 2013. Under the terms of the Transaction, Arrow assumed many of our facility leases and we are sub-leasing space from Arrow. Our future lease commitments for minimum rentals, including common area maintenance charges and property taxes during the next five years have been adjusted to reflect the Transaction as follows (in thousands):

Fiscal Year	Payments
Remaining 2014	$	679
2015	1,094
2016	686
2017	77
2018	31
Thereafter	—