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Leases (Tables)
9 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Future Minimum Lease Payments

Future minimum lease payments for the fiscal years ending June 30th and a reconciliation of undiscounted lease cash flows and the lease liability recognized in the consolidated balance sheet as of March 31, 2020 is shown below:

 

(dollars in thousands)

 

 

 

2020

$

521

 

2021

 

1,960

 

2022

 

1,937

 

2023

 

1,850

 

2024

 

1,479

 

Thereafter

 

5,661

 

Total future minimum lease payments (undiscounted)

 

13,408

 

Discounting effect on cash flows

 

(1,759

)

Lease liability (discounted)

$

11,649