XML 20 R12.htm IDEA: XBRL DOCUMENT

Note 6: Lease Commitments

12 Months Ended

Jun. 30, 2011

Leases of Lessee Disclosure [Text Block]

NOTE 6: LEASE COMMITMENTS

The Company leases certain property under operating leases which expire over the next 7 years, but certain of the leases contain options to extend the lease term. All lease payments are based on the lapse of time but include, in some cases, payments for operating expenses and property taxes. There are no purchase options on real estate leases at this time, but most real estate leases have one or more renewal options. Certain leases on real estate are subject to annual escalations for increases in operating expenses and property taxes.

As of June 30, 2011, net future minimum lease payments are as follows:


Years Ending June 30,		Lease Payments

2012	$	7,185
2013		5,672
2014		4,839
2015		3,966
2016		3,038
Thereafter		1,487
Total	$	26,187

Rent expense was $8,985, $9,733, and $8,314 in 2011, 2010, and 2009, respectively.

- 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.

+ References+ Details