Discontinued Operations (Tables)

12 Months Ended

Jun. 30, 2021

Discontinued Operations And Disposal Groups [Abstract]

Reconciliation of Net Income from Discontinued Operations

The following table provides a reconciliation of the Company’s net income from discontinued operations presented in the consolidated statements of operations:

	For the years ended June 30,
(in thousands)	2021			2020
Discontinued operations:
Net revenue	$	5,005		$	5,104
Real estate expenses		(505	)		(544	)
Depreciation and amortization		(1,689	)		(1,722	)
Operating income from discontinued operations		2,811			2,838
Interest expense		(2,536	)		(2,619	)
Gain on sale of real estate business		263			-
Pretax income from discontinued operations		538			219
Income tax benefit		111			-
Net income from discontinued operations	$	649		$	219

Reconciliation of Assets and Liabilities of Discontinued Operations

The following table provides a reconciliation of the assets and liabilities of discontinued operations presented in the consolidated balance sheet:

(in thousands)	As of June 30, 2020
Cash and cash equivalents	$	19
Restricted cash		846
Prepaid and other current assets		49
Total current assets of discontinued operations		914
Real estate assets, net		53,188
Identifiable intangible assets, net		4,871
Other assets		1,257
Total Assets	$	60,230
Accrued expenses and other liabilities		503
Current portion of long term debt		2,326
Total current liabilities of discontinued operations		2,829
Long term debt, net of current portion		52,781
Other liabilities		478
Total Liabilities	$	56,088