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Interest Rate Swaps (Tables)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Interest Rate Cash Flow Hedges [Abstract]    
Schedule of Interest Rate Swaps

Interest rate swaps consisted of the following:

 

(in thousands)

 

Fixed Notional Amount

 

 

Fixed Interest

 

 

 

 

Fair Value Asset (Liability)

 

Date of Agreement

 

June 30, 2022

 

 

June 30, 2021

 

 

Rate

 

 

Termination Date

 

2022

 

 

2021

 

April 2021

 

$

75,000

 

 

$

75,000

 

 

 

2.32

%

 

June 2028

 

$

2,046

 

 

$

(6,231

)

March 2020

 

$

28,800

 

 

$

28,800

 

 

 

0.78

%

 

July 2026

 

$

2,282

 

 

$

(191

)

March 2020

 

$

46,800

 

 

$

46,800

 

 

 

0.71

%

 

March 2025

 

$

2,748

 

 

$

(280

)

July 2019

 

$

50,000

 

 

$

50,000

 

 

 

2.34

%

 

July 2026

 

$

971

 

 

$

(3,699

)

May 2019

 

$

50,000

 

 

$

50,000

 

 

 

2.25

%

 

May 2026

 

$

1,110

 

 

$

(3,406

)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

9,157

 

 

$

(13,807

)

 

Interest rate swaps consisted of the following as of June 30, 2021 and 2020:

 

 

 

Fixed Notional Amount

 

 

 

 

 

 

 

Fair Value Liability

 

(in thousands)

 

June 30,

 

 

 

 

 

 

 

June 30,

 

Date of agreement

 

2021

 

 

2020

 

 

Fixed Interest Rate

 

 

Termination Date

 

2021

 

 

2020

 

April 2021

 

$

75,000

 

 

$

-

 

 

 

2.32

%

 

June 2028

 

$

6,231

 

 

$

-

 

March 2020

 

$

28,800

 

 

$

28,800

 

 

 

0.78

%

 

July 2026

 

 

191

 

 

 

817

 

March 2020

 

$

46,800

 

 

$

46,800

 

 

 

0.71

%

 

March 2025

 

 

280

 

 

 

1,089

 

July 2019

 

$

50,000

 

 

$

50,000

 

 

 

2.34

%

 

July 2026

 

 

3,699

 

 

 

5,956

 

May 2019

 

$

50,000

 

 

$

50,000

 

 

 

2.25

%

 

May 2026

 

 

3,406

 

 

 

5,568

 

June 2018

 

$

-

 

 

$

50,000

 

 

 

2.34

%

 

June 2025

 

 

-

 

 

 

6,513

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13,807

 

 

$

19,943