Sales of Assets (Notes)

3 Months Ended

Sep. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Sale of Branch Property

During the three months ended September 30, 2021, the Company completed the sale of the following branch properties, none of which were leased back:


(In thousands)
Name of Branch Property	Date Sold	Sales Price		Net Proceeds		Gain on Sale
Santa Ana, California	7/2/2021	$	4,299	$	4,072	$	3,571
Santa Fe Springs, California	7/7/2021	$	2,650	$	2,507	$	1,509

Assets Held for Sale

As of September 30, 2021, one branch property met the accounting guidance criteria to be classified as held for sale. As such, the Company evaluated this asset to determine whether the carrying value exceeded the fair value less any costs to sell. No loss was recorded as of September 30, 2021 and the aggregate assets held for sale are presented as a separate line item in the condensed consolidated balance sheet. The branch property 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)	September 30, 2021
Land	90
Assets held for sale	$	90