Sales of Assets (Notes)

9 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Sales of Assets

Sales of Assets

Sale of Branch Property

During the nine months ended March 31, 2021, the Company completed the sale of the following branch properties:

(In thousands)
Name of Branch Property	Date Sold	Sales Price		Net Proceeds		Gain (loss)		Long-Term Leaseback	Lease Term	Monthly Base Rent
Austin, Texas	11/18/2020	$	1,360	$	1,239	$	1,045	No	N/A	N/A
Bishop, California	12/4/2020	$	220	$	204	$	204	No	N/A	N/A

Assets Held for Sale

As of March 31, 2021, certain branch properties met the accounting guidance criteria to be classified as held for sale. As such, the Company evaluated the assets to determine whether the carrying value exceeded the fair value less any costs to sell. No loss was recorded as of March 31, 2021 and the aggregate assets held for sale are presented as a separate line items in the condensed consolidated condensed balance sheet. The branch properties did not meet the accounting guidance criteria to be classified as discontinued operations.

The following table presents net book value related to the major classes of assets that were classified as held for sale:

(In thousands)	March 31, 2021
Building and facilities	$	1,632
Land	889
Assets held for sale	$	2,521