LEASE OBLIGATIONS, OTHER COMMITMENTS, AND CONTINGENCIES

12 Months Ended

May 31, 2014

LEASE OBLIGATIONS, OTHER COMMITMENTS, AND CONTINGENCIES

7. 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 for fiscal 2014, 2013, and 2012 was $1.5 million, $1.6 million, and $1.6 million, respectively. 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
2015	$	1,518
2016	776
2017	133
2018	86
2019	55
Thereafter	55