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Commitments and Contingencies
12 Months Ended
Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies

Litigation and Claims— The Company is involved in various legal proceedings arising from the normal course of business activities. The Company defends itself vigorously against any such claims. In management’s opinion, the resolution of any matters will not have a material adverse effect on the Company’s consolidated financial condition, results of operations or liquidity.

Purchase Commitments— The Company has agreements to purchase certain units of inventory and non-inventory items through fiscal year 2016. As of June 30, 2014, these remaining non-cancellable commitments were $211,090,000 compared to $249,005,000 as of June 30, 2013.
    
Included in the above non-cancellable commitments are hard disk drive purchase commitments totaling approximately $45,210,000, which will be paid through December 2014. The Company entered into purchase agreements with selected suppliers of hard disk drives in order to ensure continuity of supply for these components. The agreements provide for some variation in the amount of units the Company is required to purchase and the suppliers may modify the purchase price for these components due to significant changes in market or component supply conditions. Product mix for these components may be negotiated quarterly and the purchase price for these components will be reviewed quarterly with the suppliers. The Company has been negotiating the purchase price with the suppliers on an ongoing basis based upon market rates.
    
Lease Commitments—The Company leases offices and equipment under noncancelable operating leases which expire at various dates through 2019. In addition, the Company leases certain of its equipment under capital leases. The future minimum lease commitments under all leases are as follows (in thousands):
 
 
Balance as of
 
Capital
Leases
 
Operating
Leases
Year ending June 30, 2015
$
103

 
$
3,265

Year ending June 30, 2016
99

 
1,129

Year ending June 30, 2017
90

 
130

Year ending June 30, 2018
66

 
1

Year ending June 30, 2019
30

 
1

Thereafter

 

Total minimum lease payments
388

 
$
4,526

Less: Amounts representing interest
49

 
 
Present value of minimum lease payments
339

 
 
Less: Long-term portion
259

 
 
Current portion
$
80

 
 


Rent expense for the years ended June 30, 2014, 2013 and 2012, was $3,477,000, $3,345,000 and $3,444,000, respectively.