12. LEASES

The Company conducts all of its current manufacturing business from a leased facility, which lease expires in fiscal 2020. The Company also leases a facility which is used for research and development of new products, which lease expires in fiscal 2021. In addition, the Company leases various office equipment under operating leases, which expire at various dates through fiscal 2020. All operating leases may include renewals and escalations.

The following is a summary of rent expense under operating leases for the years ended March 31:

2015	$	1,072
2014	$	1,074
2013	$	1,113

At March 31, 2015, the Company and its subsidiaries have minimum rental commitments under non-cancelable operating leases as follows:

2016	$	1,110
2017		1,100
2018		1,090
2019		1,100
2020		857
Thereafter		25
Total	$	5,282