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Preferred Stock Preferred Stock
6 Months Ended
Dec. 31, 2018
Preferred Stock [Abstract]  
Preferred Stock
Preferred Stock
The Company is authorized to issue 500,000 shares of preferred stock at a par value of $1.00, including 21,000 authorized shares of Series A Preferred Stock.
On October 2, 2017, the Company issued 14,700 shares of Series A Preferred Stock in connection with the Boyd Coffee acquisition. At December 31, 2018, Series A Preferred Stock consisted of the following:
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except share and per share amounts)
 
 
 
 
 
 
Shares Authorized
 
Shares Issued and Outstanding
 
Stated Value per Share
 
Carrying Value
 
Cumulative Preferred Dividends, Undeclared and Unpaid
 
Liquidation Preference
21,000

 
14,700

 
$
1,045

 
$
15,354

 
$
654

 
$
15,354