COMMITMENTS AND CONTINGENCIES: The Company leases certain of its facilities under operating lease agreements, which expire in various periods through 2025. Future minimum rental obligations under noncancellable lease agreements as of August31, 2016 were as follows: Fiscal Years Ending November30, 2016 (remaining three months) $ 21,678 2017 81,173 2018 71,398 2019 60,071 2020 48,121 Thereafter 85,501 Total minimum lease payments $ 367,942 During the three and nine months ended August31, 2016 , rent expense was $26,395 and $76,998 , respectively. During the three and nine months ended August31, 2015 , rent expense was $ 24,198 and $69,444 , respectively. Sublease income was immaterial for each of the periods presented and is immaterial for the amounts entitled to be received in future periods under non-cancellable sublease arrangements. The Company was contingently liable as of August31, 2016 under agreements to repurchase repossessed inventory acquired by flooring companies as a result of default on floor plan financing arrangements by the Company's customers. These arrangements are described in Note 9  Accounts Receivable Arrangements and do not have expiration dates. As the Company does not have access to information regarding the amount of inventory purchased from the Company still on hand with the customer at any point in time, the Companys repurchase obligations relating to inventory cannot be reasonably estimated. Losses, if any, would be the difference between the repossession cost and the resale value of the inventory. There have been no repurchases through August31, 2016 under these agreements and the Company is not aware of any pending customer defaults or repossession obligations. The Company believes that, based on historical experience, the likelihood of a material loss pursuant to these inventory repurchase obligations is remote. From time to time, the Company receives notices from third parties, including customers and suppliers, seeking indemnification, payment of money or other actions in