Note 17.

Capital Lease

The Company’s OptoElectronic Devices subsidiary entered into a capital lease related to a building in Warren, New Jersey. The following table shows the future minimum lease payments due under the non-cancelable capital lease ($000):

Fiscal Year Ending June 30,	Amount
2018 (remaining)		645
2019		2,579
2020		2,579
2021		2,579
2022		2,579
Thereafter		24,503

Total minimum lease payments	$	35,464
Less amount representing interest		11,770

Present value of capitalized payments	$	23,694
Less: current portion		1,120

Long-term portion	$	22,574

The current and long-term portion of the capital lease obligation was recorded in Other accrued liabilities and Capital lease obligation, respectively, in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2018. The present value of the minimum capital lease payments at inception was $25 million recorded in Property, Plant & Equipment, net, in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2018, with associated depreciation being recorded over the 15-year life of the lease. During the three and nine months ended March 31, 2018, the Company recorded $0.4 million and $1.3 million, respectively, of depreciation expense associated with the capital leased asset.