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FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Jun. 30, 2020

The Company's long-term debt consists of the following:

Revolving Credit Facility


		June 30,
	Maturity Date	2020	2019	2020		2019

	(Fiscal year)	(Interest rate %)				(Dollars in thousands)
Revolving credit facility	2023	5.50%	3.65%	$	177,500	$	90,000

Summary of sale leaseback transactions

The Company’s long-term lease liability consists of the following:


	Maturity Date	Interest Rate	June 30, 2020		June 30, 2019

	(Fiscal year)		(Dollars in thousands)
Financial liability - Salt Lake City Distribution Center	2034	3.30%	$	16,773	$	17,354
Financial liability - Chattanooga Distribution Center	2034	3.70%	11,208		11,556
Long-term financing liabilities			$	27,981	$	28,910

As of June 30, 2020, future lease payments due are as follows:


Fiscal year	Salt Lake City Distribution Center		Chattanooga Distribution Center

	(Dollars in thousands)
2021	$	1,157	$	817
2022	1,171		829
2023	1,186		842
2024	1,200		854
2025	1,215		867
Thereafter	10,683		8,414
Total	$	16,612	$	12,623

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details