Note 10 - Leases and Purchase Commitments

12 Months Ended

Jun. 30, 2012

Leases of Lessee Disclosure [Text Block]

NOTE 10 — LEASES AND PURCHASE COMMITMENTS

Purchase commitments, including minimum annual rental commitments, of the Company totaled $27,669,000 and $18,146,000 as of June 30, 2012 and June 30, 2011, respectively. The Company leases certain of its facilities and equipment under operating lease arrangements. The facility leases contain the option to renew for periods ranging from one to five years. Rental expense was $1,836,000 in 2012, $2,858,000 in 2011, and $2,254,000 in 2010. Minimum annual rental commitments under non-cancelable operating leases are indicated in the table below:

2013				2014				2015				2016				2017				2018 & Beyond
$	1,343,000			$	1,337,000			$	1,201,000			$	1,009,000			$	995,000			$	1,078,000

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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