Note 10 - Leases and Purchase Commitments

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

NOTE

10

— LEASES AND PURCHASE COMMITMENTS

Purchase commitments, including minimum annual rental commitments, of the Company totaled

$21,867,000

and

$21,451,000

of

June 30, 2019

and

June 

30,

2018,

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

seven

years. Rental expense was

$2,654,000

and

$2,867,000

in fiscal

2019

and

2018,

respectively. Minimum annual rental commitments under non-cancelable operating leases are indicated in the table below:

2020		2021		2022		2023		2024		After 2025
$	2,210,630	$	2,198,595	$	2,158,112	$	2,142,479	$	1,866,851	$	1,605,753