|
NOTE 17 - Commitments and Contingencies
Purchase commitments for capital improvements aggregated $269 at December
30, 2001. Also, the Company has purchase commitments for equipment for
resale of $96.3 at December 30, 2001. The Company has no purchase agreements
with suppliers extending beyond normal quantity requirements.
The Company is obligated under several leases
expiring at various dates. Annual expense under these leases was $31,281
in 2001, $45,357 in 2000, and $46,223 in 1999.
Rental commitments under existing leases
at December 30, 2001, are:
| |
|
 |
|
|
|
|
|
|
|
| |
Real
Estate |
|
Sales
Offices |
|
Transportation
Equipment |
|
Computer
and
Other
Equipment |
|
Total |
|
|
|
|
|
|
|
|
|
|
| 2002 |
$10,611 |
|
$6,749 |
|
$210 |
|
$3,729 |
|
$21,299 |
| 2003 |
8,887 |
|
4,517 |
|
210 |
|
2,376 |
|
15,990 |
| 2004 |
5,620 |
|
2,683 |
|
210 |
|
944 |
|
9,457 |
| 2005 |
4,109 |
|
1,572 |
|
88 |
|
293 |
|
6,062 |
| 2006 |
2,763 |
|
680 |
|
88 |
|
11 |
|
3,542 |
| Later years |
1,356 |
|
48 |
|
82 |
|
1 |
|
1,487 |
| |
|
|
|
|
|
|
|
|
|
|
|
In the opinion of management, no litigation
or claims, including proceedings under governmental laws and regulations
related to environmental matters, are pending against the Company which
will have an adverse material effect on its financial condition.
|
