Note I - Commitments

12 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Commitments Disclosure [Text Block]

I

. Commitments

We lease a total of

162,000

square feet at our manufacturing facility in Vista, California from an unaffiliated

third

party under a non-cancelable operating lease. On

July 31, 2013,

we executed a

third

amendment to the lease for our manufacturing facility in Vista, CA. As a result of this amendment, our facility lease has been extended through

March 2024.

During

February 2016,

we sold our former corporate headquarters in San Marcos, CA and the property was leased though a sale-leaseback agreement through

August 2016.

The property was vacated during

August 2016.

We purchased the Carlsbad facility in

March 2016

and began to occupy as our new corporate headquarters during

August 2016.

NAIE leases facility space in Manno, Switzerland. The leased space totals approximately

94,217

square feet

.

We primarily use the facilities for manufacturing, packaging, warehousing and distributing nutritional supplement products for the European marketplace. Effective

July 1, 2014,

NAIE entered into a new lease with its current landlord. The new lease replaced, extended, and enlarged an existing lease between the same parties for the same building in Manno Switzerland. The new lease has a term of

five

years with a right for NAIE to extend the lease for an additional

five

years. The initial

five

year term expires on

June 30, 2019

and we have notified the landlord that we intend to extend the lease for an additional

five

years.

Minimum rental commitments (exclusive of property tax, insurance and maintenance) under all non-cancelable operating leases with initial or remaining lease terms in excess of

one

year, including the lease agreements referred to above, are set forth below as of

June 

30,

2018

(in thousands):

	201 9		20 20		202 1		202 2		202 3		There- after		Total
Gross minimum rental commitments	$	2,796	$	2,794	$	2,829	$	2,864	$	2,901	$	2,547	$	16,731

Rental expense totaled

$3.0

million for the fiscal year ended

June 

30,

2018

and

$3.0

million for the fiscal year ended

June 30, 2017.