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Sales of Assets (Tables)
9 Months Ended
Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Assets held-for-sale
During the nine months ended March 31, 2020, the Company completed the sale of seven branch properties and entered into two operating lease agreements with the purchasers of two of the branch properties as detailed in the following table:
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Name of Branch Property
 
Date Sold
 
Sales Price
 
Net Proceed
 
Gain (loss)
 
Long-Term Leaseback
 
Lease Term
 
Monthly Base Rent
Seattle, Washington
 
8/28/2019
 
$
7,900

 
$
7,300

 
$
6,800

 
No
 
N/A
 
N/A
Indianapolis, Indiana
 
11/19/2019
 
$
250

 
$
186

 
$
(173
)
 
No
 
N/A
 
N/A
Hayward, California(1)
 
12/23/2019
 
$
7,050

 
$
6,569

 
$
2,016

 
Yes
 
5 years
 
$
28

Denver, Colorado(1)
 
12/31/2019
 
$
2,300

 
$
2,075

 
$
1,989

 
Yes
 
7 years
 
$
17

Casper, Wyoming
 
12/31/2019
 
$
385

 
$
355

 
$
304

 
No
 
N/A
 
N/A
Tempe, Arizona
 
1/28/2020
 
$
1,150

 
$
1,077

 
$
841

 
No
 
N/A
 
N/A
Great Falls, Montana
 
2/28/2020
 
$
385

 
$
356

 
$
283

 
No
 
N/A
 
N/A
___________
(1) Has an option to renew the lease for additional five years.