(5)

Leases

The Company leases office and laboratory space under five non-cancelable operating leases, with terms that expire between 2017 and 2025 in Salt Lake City, Utah, one cancelable lease for office and laboratory space with a term of five years in Munich, Germany, and two non-cancelable operating leases for Myriad RBM for office and laboratory space that expire between 2017 and 2020 in Austin, Texas and Saranac Lake, New York. The Company also leases office and laboratory space under one non-cancellable operating lease that expires in 2017 in South San Francisco, California for Crescendo. In addition, the Company maintains lease agreements that expire between 2013 and 2018 for administrative offices in Zurich, Switzerland; Paris, France; Madrid, Spain; and Milan, Italy. Furthermore, the Company leases information technology equipment under two non-cancelable leases, with terms that expire in 2016.

The following is a summary of the Company’s rental expense for the fiscal years reported:


	Years Ended June 30,
(In thousands)	2014		2013		2012
Rental expense	$	11,266	$	8,155	$	6,819

Future minimum lease payments under the Company’s current leases as of June 30, 2014 are as follows:


(In thousands)
Fiscal year ending:
2015	$	11,235
2016		11,500
2017		10,828
2018		6,489
2019		6,009
Thereafter		26,191

	$	72,252