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Commitment and Contingencies
12 Months Ended
Jun. 30, 2017
Commitments And Contingencies Disclosure [Abstract]  
Commitment and Contingencies

15.

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, 2017, 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.

  

The Company leases office and laboratory space under five non-cancelable operating leases, with terms that expire between 2022 and 2027 in Salt Lake City, Utah, one cancelable lease for office and laboratory space with a term that expires in 2018 in Munich, Germany, a non-cancelable operating lease for Myriad RBM for office and laboratory space that expires in 2020 in Austin, Texas, and a non-cancelable lease for office and laboratory space that expires in 2017 in Cologne, Germany.  The Company also leases office and laboratory space under one non-cancellable operating lease that expires in 2021 in South San Francisco, California for Crescendo.  The Company also leases office and laboratory space under two non-cancelable leases that expire between 2018 and 2024 in Mason, Ohio and Toronto, Canada for Assurex.  In addition, the Company maintains lease agreements that expire between 2018 and 2022 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 four non-cancelable leases, with terms that expire in 2018 and 2019.

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

 

 

 

Years Ended June 30,

 

 

 

2017

 

 

2016

 

 

2015

 

Rental expense

 

$

15.2

 

 

$

14.3

 

 

$

13.8

 

 

Future minimum lease payments under the Company’s current leases as of June 30, 2017 are as follows:

 

Fiscal year ending:

 

 

 

 

2018

 

$

12.8

 

2019

 

 

12.1

 

2020

 

 

12.4

 

2021

 

 

10.6

 

2022

 

 

8.7

 

Thereafter

 

 

32.5

 

 

 

$

89.1