Sales of Assets

12 Months Ended

Jun. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Sales of Assets

Sales of Assets

Sale of Branch Properties

During the fiscal year ended June 30, 2021, the Company completed the sale of the following branch properties:

(In thousands)
Name of Branch Property	Date Sold	Sales Price		Net Proceed		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
Rialto, California	6/7/2021	$	2,070	$	1,961	$	1,031	No	N/A	N/A

Assets Held for Sale

As of June 30, 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 June 30, 2021 and the aggregate assets held for sale are presented as a separate line item in the consolidated 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)	June 30, 2021
Building and facilities	$	1,035
Land	556
Assets held for sale	$	1,591