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DEBT (Tables)

9 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of debt

The Company’s Debt consisted of the following (in thousands):

			March 31, 2021						June 30, 2020
Term Loan - short term			$	25,000					$	25,000
Debt issuance costs, net			(1,135)						(933)
Total Debt - short term			23,865						24,067
Term Loan - long term			475,000						450,000
Revolver - long term			75,000						180,000
Debt issuance costs, net			(1,867)						(1,563)
Total Debt - long term			$	548,133					$	628,437

Schedule of respective interest rates

The table below shows the respective interest rates as of March 31, 2021, in addition to the interest rate reset dates as available for each revolver draw.

Debt Payment Obligations

Interest Rate as of March 31, 2021

Rate Reset Date

Reset Rate

$75 Million Revolver

1.61

%

April 30, 2021

1.61%

Schedule of estimated debt and interest payment obligations

The following table summarizes the Company’s estimated debt and interest payment obligations as of March 31, 2021, for the remainder of fiscal 2021 and future fiscal years (in thousands):

			2021 (remainder)						2022						2023						2024						2025						Thereafter						Total
Debt payment obligations			$	6,250					$	25,000					$	25,000					$	25,000					$	25,000					$	468,750					$	575,000
Interest and other payments on debt payment obligations (1)			2,654						10,391						9,983						9,601						9,167						6,590						48,386
Total			$	8,904					$	35,391					$	34,983					$	34,601					$	34,167					$	475,340					$	623,386

(1) - Interest payments are calculated based on the applicable rates and payment dates as of March 31, 2021. Although the Company’s interest rates on our debt obligations may vary, the Company has assumed the most recent available interest rates for all periods presented.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
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-Paragraph 1
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-Publisher FASB
-Name Accounting Standards Codification
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