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COMMITMENTS

12 Months Ended

Mar. 28, 2020

Leases, Operating [Abstract]

COMMITMENTS

NOTE 8 – COMMITMENTS

Leases: Transcat leases facilities, equipment, and vehicles under various non-cancelable operating leases. Total rental expense was approximately $3.7 million and $3.4 million in fiscal years 2020 and 2019, respectively. The minimum future annual rental payments under the non-cancelable leases at March 28, 2020 are as follows (in millions):

Fiscal Year
2020		$	3.2
2021			2.7
2022			2.2
2023			1.8
2024			1.3
Thereafter			4.1
Total minimum lease payments		$	15.3

Effective December 2018, the Company has term loan repayments (principal plus interest) of $0.2 million per month through December 2025. These amounts are not reflected in the table above.

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Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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