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Commitment and Contingencies | 12 Months Ended
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Jun. 30, 2015
Commitment and Contingencies |
13. | COMMITMENT AND CONTINGENCIES
The Company is subject to various claims and legal proceedings covering matters that arise in the ordinary course of its business activities. As of June 30, 2015, management of the Company believes any liability that may ultimately result from the resolution of these matters will not have a material adverse effect on the Company’s consolidated financial position, operating results, or cash flows. As of June 30, 2015, Crescendo Bioscience, Inc. has approximately two years remaining under an unconditional purchase obligation with a vendor to purchase goods and services used in the Company’s diagnostic processes. The agreement specifies certain minimum quantities and pricing terms. As of June 30, 2015 under this agreement the Company has expended as follows:
|  | Amount |
Fiscal year ending: |  |  |  |
2014 |  | $ | 10.4 |
2015 |  |  | 10.9 |
Total expended on unconditional purchase obligations |  | $ | 21.3 |
In addition to the minimum quantities and pricing terms, the Company may also make additional purchase commitments of anticipated purchases based upon forecasted needs which are not included in the unconditional purchase obligation amounts below. As of June 30, 2015, the remaining obligations under this agreement were as follows:
|  | Amount |
Fiscal year ending: |  |  |  |
2016 |  | $ | 21.3 |
2017 |  |  | 12.1 |
Total commitment for unconditional purchase obligations |  | $ | 33.4 |
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 that expires in 2018 in Munich, Germany, and a non-cancelable operating lease for Myriad RBM for office and laboratory space that expires in 2020 in Austin, Texas. The Company also leases office and laboratory space under one non-cancellable operating lease that expires in 2016 in South San Francisco, California for Crescendo. In addition, the Company maintains lease agreements that expire between 2015 and 2020 for administrative offices in Zurich, Switzerland; Paris, France; Madrid, Spain; Milan, Italy; London, UK; and Munich, Germany. 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, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Rental expense |  | $ | 13.8 |  |  | $ | 11.3 |  |  | $ | 8.2 |
Future minimum lease payments under the Company’s current leases as of June 30, 2015 are as follows:
Fiscal year ending: |  |  |  |
2016 |  | $ | 12.4 |
2017 |  |  | 11.8 |
2018 |  |  | 7.4 |
2019 |  |  | 6.2 |
2020 |  |  | 6.4 |
Thereafter |  |  | 19.8 |
|  | $ | 64.0 |

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