Note 7 - Operating Leases

3 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

7. OPERATING LEASES

The Company leases facilities, equipment and land under operating leases expiring through

2035.

The land lease provides for contingent rentals in excess of minimum rental commitments based on a percentage of the Company

’s sales. Management has accrued for the estimated contingent rent as of

June 

30,

2017.

Future minimum lease payments under all non-cancelable operating leases at

June

 

30,

2017

are as follows:

Payments Due	(in thousands)
Next 12 Months	$	614
Year 2		618
Year 3		608
Year 4		526
Year 5		532
Thereafter		4,157
Total minimum lease payments	$	7,055