XML 76 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Subsequent Event
12 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
Subsequent Event

15. SUBSEQUENT EVENTS



On August 29, 2019, Flexsteel Industries, Inc. entered into an Agreement of Purchase and Sale and Joint Escrow Instructions dated August 26, 2019 to sell the Riverside property located at 7227 Central Avenue, Riverside, California for $20.5 million to Greenlaw Acquisitions, LLC.  There is a $0.5 million non-refundable deposit placed in escrow and the closing is scheduled for September 26, 2019.  The property is being sold “As-Is, Where-Is”.