Quarterly report pursuant to Section 13 or 15(d)

Finance Lease Obligation (Tables)

v3.19.3.a.u2
Finance Lease Obligation (Tables)
6 Months Ended
Dec. 31, 2019
Finance Lease Obligation  
Schedule of components of lease expense and supplemental balance sheet information related to the finance lease obligation

The following tables present the components of lease expense and supplemental balance sheet information related to the finance lease obligation (in thousands):

 

 

 

 

 

 

 

Six Months 

 

 

Ended

 

 

December 31, 

 

 

2019

Finance Lease Cost:

 

 

  

Amortization of right-of-use assets

 

$

830

Interest on lease liabilities

 

 

1,235

Operating Lease Cost

 

 

67

Total Lease Cost

 

$

2,132

 

 

 

 

 

Other Information

    

 

  

Cash paid for amounts included in the measurement lease liabilities:

 

 

 

Operating cash flows from operating lease

 

$

67

Financing cash flows from finance lease obligation

 

$

 —

 

 

 

 

 

 

 

    

December 31, 

 

 

 

2019

 

Finance lease right-of-use assets

 

$

28,446

 

Finance lease obligation – current portion

 

$

216

 

Finance lease obligation - non-current portion

 

$

32,160

 

Weighted average remaining lease term - finance lease

 

 

30.18 years

 

Weighted average discount rate - Finance lease obligation

 

 

7.608

%

 

Schedule of future minimum payments under the finance lease obligation

Future minimum payments under the capitalized lease obligation are due as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Fiscal period ending on December 31:

    

Principal

    

Interest

    

Total

2020

 

$

216

 

$

2,459

 

$

2,675

2021

 

 

312

 

 

2,438

 

 

2,750

2022

 

 

337

 

 

2,413

 

 

2,750

2023

 

 

363

 

 

2,387

 

 

2,750

2024

 

 

391

 

 

2,359

 

 

2,750

Thereafter

 

 

30,757

 

 

38,680

 

 

69,437

 

 

 

  

 

 

  

 

 

  

Total minimum lease payments

 

 

32,376

 

$

50,736

 

$

83,112

Less: current portion

 

 

(216)

 

 

  

 

 

  

Long-term portion of minimum lease obligations

 

$

32,160