MRVL » Topics » Leases

This excerpt taken from the MRVL 8-K filed Jan 13, 2006.

Leases

 

The Business leases its facility under an operating lease agreement which was entered into in October 2004.  A summary of the future minimum lease commitments under this non-cancelable operating lease is as follows:

 

Fiscal Year

 

(In thousands)

 

2006

 

$

756

 

2007

 

774

 

2008

 

791

 

2009

 

809

 

2010

 

409

 

Total future minimum lease payments

 

$

3,539

 

 

Rent expense for fiscal 2005 was $354,000.

 

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