Long-Term Debt (Tables)

12 Months Ended

Jun. 30, 2020

Outstanding balances and interest rates as of June 30, 2020 and June 30, 2019 are as follows (dollars in thousands):


	June 30, 2020				June 30, 2019
	Outstanding		Interest Rate		Outstanding		Interest Rate
Revolving line of credit	$	—	n/a		$	—	n/a
Term loans		3,904	1	%		—	n/a
	$	3,904			$	—
Less: current maturities		(1,794)				—
Long-term debt	$	2,110			$	—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details