KEWAUNEE SCIENTIFIC CORP /DE/ Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) | MarketScreener

2022-07-02 17:44:13 By : Ms. judy zhu

Other income, net was $400,000 and $241,000 in fiscal years 2022 and 2021, respectively. The increase in other income in fiscal year 2022 was primarily due to the interest earned on the Note Receivable related to the Sale-Leaseback financing transaction that was executed on March 24, 2022. See Note 5 , Sale-Leaseback Financing Transaction for additional information on this transaction.

The following table summarizes the cash payment obligations for our lease and financing arrangements as of April 30, 2022:

fiscal year 2021, we made contributions to the plans of $30,000. We expect to make no contributions to the plans for fiscal year 2023.

See Note 1 , Summary of Significant Accounting Policies, to our Consolidated Financial Statements in this Form 10-K for a discussion of new accounting pronouncements, which is incorporated herein by reference.

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