General Finance (GFNCP) 10-Q 8 Feb 21 2021 Q2 Quarterly report Financial data

Document Entity and Information

Document Entity and Information - shares	6 Months Ended
	Dec. 31, 2020	Feb. 04, 2021
Document Entity Information
Entity Registrant Name	General Finance CORP
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	001-32845
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0163571
Entity Address, Address Line One	39 East Union Street
Entity Address, City or Town	Pasadena
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91103
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,227,705
City Area Code	626
Local Phone Number	584-9722
Entity Central Index Key	0001342287
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--06-30
Amendment Flag	false
Common Stock
Document Entity Information
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	GFN
Security Exchange Name	NASDAQ
Series C Cumulative Redeemable Perpetual Preferred Stock
Document Entity Information
Title of 12(b) Security	9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (Liquidation Preference $100 per share)
Trading Symbol	GFNCP
Security Exchange Name	NASDAQ
7.875% Senior Notes Due 2025
Document Entity Information
Title of 12(b) Security	7.875% Senior Notes due 2025
Trading Symbol	GFNSZ
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Jun. 30, 2020
Assets
Cash and cash equivalents	$ 11,792,000	$ 17,478,000
Trade and other receivables, net of allowance for doubtful accounts of $5,972 and $5,769 at June 30, 2020 and December 31, 2020, respectively	43,128,000	44,066,000
Inventories	20,402,000	20,928,000
Prepaid expenses and other	12,638,000	8,207,000
Property, plant and equipment, net	27,095,000	24,396,000
Lease fleet, net	471,988,000	458,727,000
Operating lease assets	78,532,000	66,225,000
Goodwill	100,398,000	97,224,000
Other intangible assets, net	18,022,000	18,771,000
Total assets	783,995,000	756,022,000
Liabilities
Trade payables and accrued liabilities	43,121,000	46,845,000
Income taxes payable	353,000	645,000
Unearned revenue and advance payments	31,030,000	24,642,000
Operating lease liabilities	80,115,000	67,142,000
Senior and other debt, net	372,022,000	379,798,000
Fair value of bifurcated derivatives in Convertible Note	16,424,000	18,325,000
Deferred tax liabilities	46,985,000	43,708,000
Total liabilities	590,050,000	581,105,000
Commitments and contingencies (Note 9)
Equity
Cumulative preferred stock, $.0001 par value: 1,000,000 shares authorized; 400,100 shares issued and outstanding (in series) and liquidation value of $40,722 at June 30, 2020 and December 31, 2020	40,100,000	40,100,000
Common stock, $.0001 par value: 100,000,000 shares authorized; 30,880,531 shares issued and 29,968,766 shares outstanding at June 30, 2020 and 31,139,470 shares issued and 30,227,705 shares outstanding at December 31, 2020	3,000	3,000
Additional paid-in capital	182,434,000	183,051,000
Accumulated other comprehensive loss	(15,800,000)	(22,106,000)
Accumulated deficit	(7,451,000)	(20,790,000)
Treasury stock, at cost; 911,765 shares at June 30, 2020 and December 31, 2020	(5,845,000)	(5,845,000)
Total General Finance Corporation stockholders' equity	193,441,000	174,413,000
Equity of noncontrolling interests	504,000	504,000
Total equity	193,945,000	174,917,000
Total liabilities and equity	$ 783,995,000	$ 756,022,000

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
CONDENSED CONSOLIDATED BALANCE SHEETS
Allowance for doubtful accounts on trade and other receivables	$ 5,769	$ 5,972
Cumulative preferred stock, par value	$ 0.0001	$ 0.0001
Cumulative preferred stock, shares authorized	1,000,000	1,000,000
Cumulative preferred stock, shares issued	400,100	400,100
Cumulative preferred stock, shares outstanding	400,100	400,100
Cumulative preferred stock, aggregate liquidation preference	$ 40,722	$ 40,722
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	31,139,470	30,880,531
Common stock, shares outstanding	30,227,705	29,968,766
Treasury stock shares	911,765	911,765

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Revenues
Sales	$ 30,752	$ 31,324	$ 60,774	$ 62,288
Leasing	58,362	60,785	110,700	119,718
Total revenues	89,114	92,109	171,474	182,006
Costs and expenses
Direct costs of leasing operations	21,318	22,761	41,929	45,619
Selling and general expenses	19,904	20,483	39,547	41,138
Depreciation and amortization	9,394	8,609	18,460	18,020
Operating income	16,655	17,019	27,960	31,949
Interest income	151	180	302	366
Interest expense	(6,686)	(6,930)	(12,383)	(14,254)
Change in valuation of bifurcated derivatives in Convertible Note (Note 5)	2,584	3,902	1,901	4,894
Foreign exchange and other	(1,070)	264	(744)	(309)
Total costs and expenses	(5,021)	(2,584)	(10,924)	(9,303)
Income before provision for income taxes	11,634	14,435	17,036	22,646
Provision for income taxes	2,378	3,994	3,697	6,254
Net income	9,256	10,441	13,339	16,392
Preferred stock dividends	(922)	(922)	(1,844)	(1,844)
Net income attributable to common stockholders	$ 8,334	$ 9,519	$ 11,495	$ 14,548
Net income per common share:
Basic	$ 0.28	$ 0.31	$ 0.39	$ 0.48
Diluted	$ 0.27	$ 0.30	$ 0.38	$ 0.46
Weighted average shares outstanding:
Basic	29,774,426	30,253,075	29,734,141	30,229,164
Diluted	30,770,036	31,537,637	30,645,104	31,433,274
Lease inventories and fleet
Revenues
Sales	$ 30,206	$ 29,741	$ 59,871	$ 58,532
Costs and expenses
Cost of sales	21,215	21,600	42,509	41,816
Manufactured units
Revenues
Sales	546	1,583	903	3,756
Costs and expenses
Cost of sales	$ 628	$ 1,637	$ 1,069	$ 3,464

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS
Net income	$ 9,256	$ 10,441	$ 13,339	$ 16,392
Other comprehensive income (loss):
Change in fair value change of interest rate swap, net of income tax effect of $246 and $16 and $80 and $83 in the quarter and six months ended December 31, 2019 and 2020, respectively	(12)	421	(99)	(37)
Cumulative translation adjustment	4,652	1,728	6,405	(66)
Total comprehensive income	13,896	12,590	19,645	16,289
Comprehensive income allocable to General Finance Corporation stockholders	$ 13,896	$ 12,590	$ 19,645	$ 16,289

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS
Change in fair value change of interest rate swap, income tax provision	$ 16	$ 246	$ 83	$ 80

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Cumulative Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Total General Finance Corporation Stockholders' Equity	Equity of Noncontrolling Interests	Treasury Stock	Total
Balance at Jun. 30, 2019	$ 40,100	$ 3	$ 183,933	$ (18,755)	$ (28,744)	$ 176,537	$ 504		$ 177,041
Share-based compensation			683			683			683
Preferred stock dividends			(922)			(922)			(922)
Issuance of shares of common stock on exercises of stock options			85			85			85
Net Income (loss)					5,951	5,951			5,951
Fair value change in derivative, net of related tax effect				(458)		(458)			(458)
Cumulative translation adjustment				(1,794)		(1,794)			(1,794)
Total comprehensive income						3,699			3,699
Balance at Sep. 30, 2019	40,100	3	183,779	(21,007)	(22,793)	180,082	504		180,586
Balance at Jun. 30, 2019	40,100	3	183,933	(18,755)	(28,744)	176,537	504		177,041
Net Income (loss)									16,392
Fair value change in derivative, net of related tax effect									(37)
Cumulative translation adjustment									(66)
Total comprehensive income									16,289
Balance at Dec. 31, 2019	40,100	3	183,555	(18,858)	(12,352)	192,448	504		192,952
Balance at Sep. 30, 2019	40,100	3	183,779	(21,007)	(22,793)	180,082	504		180,586
Share-based compensation			685			685			685
Preferred stock dividends			(922)			(922)			(922)
Issuance of shares of common stock on exercises of stock options			13			13			13
Net Income (loss)					10,441	10,441			10,441
Fair value change in derivative, net of related tax effect				421		421			421
Cumulative translation adjustment				1,728		1,728			1,728
Total comprehensive income						12,590			12,590
Balance at Dec. 31, 2019	40,100	3	183,555	(18,858)	(12,352)	192,448	504		192,952
Balance at Jun. 30, 2020	40,100	3	183,051	(22,106)	(20,790)	174,413	504	$ (5,845)	174,917
Share-based compensation			524			524			524
Preferred stock dividends			(922)			(922)			(922)
Issuance of shares of common stock on exercises of stock options			143			143			143
Net Income (loss)					4,083	4,083			4,083
Fair value change in derivative, net of related tax effect				(87)		(87)			(87)
Cumulative translation adjustment				1,753		1,753			1,753
Total comprehensive income						5,749			5,749
Balance at Sep. 30, 2020	40,100	3	182,796	(20,440)	(16,707)	179,907	504	(5,845)	180,411
Balance at Jun. 30, 2020	40,100	3	183,051	(22,106)	(20,790)	174,413	504	(5,845)	174,917
Net Income (loss)									13,339
Fair value change in derivative, net of related tax effect									(99)
Cumulative translation adjustment									6,405
Total comprehensive income									19,645
Balance at Dec. 31, 2020	40,100	3	182,434	(15,800)	(7,451)	193,441	504	(5,845)	193,945
Balance at Sep. 30, 2020	40,100	3	182,796	(20,440)	(16,707)	179,907	504	(5,845)	180,411
Share-based compensation			514			514			514
Preferred stock dividends			(922)			(922)			(922)
Issuance of shares of common stock on exercises of stock options			46			46			46
Net Income (loss)					9,256	9,256			9,256
Fair value change in derivative, net of related tax effect				(12)		(12)			(12)
Cumulative translation adjustment				4,652		4,652			4,652
Total comprehensive income						13,896			13,896
Balance at Dec. 31, 2020	$ 40,100	$ 3	$ 182,434	$ (15,800)	$ (7,451)	$ 193,441	$ 504	$ (5,845)	$ 193,945

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical)	3 Months Ended
	Sep. 30, 2019shares
Issuance of shares of common stock on exercises of stock options	47,500
Forfeiture of shares, restricted stock	1,000
Restricted Stock
Vesting of restricted stock units, shares of common stock	55,957

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net cash provided by operating activities (Note 10)	$ 29,823	$ 37,460
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(1,854)
Proceeds from sales of property, plant and equipment	289	407
Purchases of property, plant and equipment	(5,691)	(5,279)
Proceeds from sales of lease fleet	19,774	14,938
Purchases of lease fleet	(24,279)	(32,805)
Other intangible assets	(46)	(104)
Net cash used in investing activities	(11,807)	(22,843)
Cash flows from financing activities:
Repayments of equipment financing activities, net	(120)	(328)
Proceeds from (repayments of) senior and other debt borrowings, net	(11,585)	(12,849)
Proceeds from issuances of 7.875% Senior Notes	69,000
Redemption of 8.125% Senior Notes	(77,390)
Deferred financing costs	(3,917)
Proceeds from issuances of common stock	189	98
Preferred stock dividends	(1,844)	(1,844)
Net cash used in financing activities	(25,667)	(14,923)
Net decrease in cash	(7,651)	(306)
Cash and equivalents at beginning of period	17,478	10,359
The effect of foreign currency translation on cash	1,965	14
Cash and equivalents at end of period	$ 11,792	$ 10,067

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Thousands	6 Months Ended
	Dec. 31, 2020USD ($)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Business acquisitions, non-cash holdback	$ 150

Organization and Business Opera

Organization and Business Operations	6 Months Ended
	Dec. 31, 2020
Organization and Business Operations
Organization and Business Operations	Note 1. Organization and Business Operations General Finance Corporation (“GFN”) was incorporated in Delaware in October 2005. References to the “Company” in these Notes are to GFN and its consolidated subsidiaries. These subsidiaries include GFN U.S. Australasia Holdings, Inc., a Delaware corporation (“GFN U.S.”); GFN Insurance Corporation, an Arizona corporation (“GFNI”); GFN North America Leasing Corporation, a Delaware corporation (“GFNNA Leasing”); GFN North America Corp., a Delaware corporation (“GFNNA”); GFN Realty Company, LLC, a Delaware limited liability company (“GFNRC”); GFN Manufacturing Corporation, a Delaware corporation (“GFNMC”), and its subsidiary, Southern Frac, LLC, a Texas limited liability company (collectively “Southern Frac”); Pac-Van, Inc., an Indiana corporation, and its Canadian subsidiary, PV Acquisition Corp., an Alberta corporation (collectively “Pac-Van”); and Lone Star Tank Rental Inc., a Delaware corporation (“Lone Star”); GFN Asia Pacific Holdings Pty Ltd, an Australian corporation (“GFNAPH”), and its subsidiaries, Royal Wolf Holdings Pty Ltd, an Australian corporation, which was dissolved in June 2019 (“RWH”), Royal Wolf Trading Australia Pty Limited, an Australian corporation, and Royalwolf Trading New Zealand Limited, a New Zealand Corporation (collectively, “Royal Wolf”). The Company does business in three distinct, but related industries, mobile storage, modular space and liquid containment (which are collectively referred to as the “portable services industry”), in two geographic areas; the Asia-Pacific (or Pan-Pacific) area, consisting of Royal Wolf (which leases and sells storage containers, portable container buildings and freight containers in Australia and New Zealand) and North America, consisting of Pac-Van (which leases and sells storage, office and portable liquid storage tank containers, modular buildings and mobile offices) and Lone Star (which leases portable liquid storage tank containers and containment products, as well as provides certain fluid management services, to the oil and gas industry in the Permian and Eagle Ford basins of Texas), which are combined to form our North American leasing operations, and Southern Frac (which manufactures portable liquid storage tank containers and other steel-related products).

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with United States generally accepted accounting principles (“U.S. GAAP”) applicable to interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements, although the Condensed Consolidated Balance Sheet at June 30, 2020 was derived from the audited Consolidated Balance Sheet at that date. In the opinion of management, all adjustments (which include all significant normal and recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for all periods presented have been made. The accompanying results of operations are not necessarily indicative of the operating results that may be expected for the entire fiscal year ending June 30, 2021, particularly in light of the pandemic caused by the novel strain of coronavirus (COVID-19). The Company believes its business is essential, which allows it to continue to serve customers that remain operational. However, if the Company is required to close a certain number of its locations or a number of its employees cannot work because of illness or otherwise, its business could be materially adversely affected in a rapid manner. Similarly, if customers experience adverse business consequences due to the COVID-19 pandemic, including being required to shut down their operations, demand for the Company’s services and products could also be materially adversely affected in a rapid manner. The impact of the COVID-19 pandemic is fluid, continues to evolve and, therefore, at this time it cannot be reasonably predicted to what extent the Company’s consolidated results of operations and financial condition will ultimately be impacted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes thereto of the Company, which are included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020 filed with the Securities and Exchange Commission (“SEC”). Unless otherwise indicated, references to “FY 2020” and “FY 2021” are to the six months ended December 31, 2019 and 2020, respectively. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include assumptions used in assigning value to identifiable intangible assets at the acquisition date, the assessment for impairment of goodwill, the assessment for impairment of other intangible assets, the allowance for doubtful accounts, share-based compensation expense, residual value of the lease fleet, derivative liability valuation and deferred tax assets and liabilities. Assumptions and factors used in the estimates are evaluated on an annual basis or whenever events or changes in circumstances indicate that the previous assumptions and factors have changed. The results of the analysis could result in adjustments to estimates. The COVID-19 pandemic and the efforts to contain it have, among other things, negatively impacted the global economy and created significant volatility and disruption of financial markets. In addition, the COVID-19 pandemic has significantly increased economic and demand uncertainty. The Company believes the estimates and assumptions underlying the accompanying consolidated financial statements are reasonable and supportable based on the information available at the time the financial statements were prepared. However, uncertainty over the impact COVID-19 will have on the global economy and the Company’s business in particular makes many of the estimates and assumptions reflected in these consolidated financial statements inherently less certain. Therefore, actual results may ultimately differ from those estimates to a greater degree than historically. Inventories Inventories are comprised of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2020 Finished goods ​ $ 17,347 ​ $ 16,964 Work in progress ​ 1,161 ​ 607 Raw materials ​ 2,420 ​ 2,831 ​ ​ $ 20,928 ​ $ 20,402 ​ Property, Plant and Equipment Property, plant and equipment consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ June 30, ​ December 31, ​ Useful Life 2020 2020 Land ​ — ​ $ 2,168 ​ $ 2,168 Building and improvements ​ 10 — 40 years ​ 4,899 ​ 4,899 Transportation and plant equipment (including finance lease assets - see Note 9) ​ 3 — 20 years ​ 50,497 ​ 55,832 Furniture, fixtures and office equipment ​ 3 — 10 years ​ 14,583 ​ 15,240 ​ ​ ​ ​ ​ 72,147 ​ 78,139 Less accumulated depreciation and amortization ​ ​ ​ ​ (47,751) ​ (51,044) ​ ​ ​ ​ ​ $ 24,396 ​ $ 27,095 ​ Depreciation expense on property, plant and equipment totaled $1,639,000 and $3,326,000 for the quarter ended December 31, 2019 and FY 2020, respectively; and $1,828,000 and $3,465,000 for the quarter ended December 31, 2020 and FY 2021, respectively. Lease Fleet The Company has a fleet of storage, portable building, office and portable liquid storage tank containers, mobile offices, modular buildings and steps that it primarily leases to customers under operating lease agreements with varying terms. Units in the lease fleet are also available for sale. The cost of sales of a unit in the lease fleet is recognized at the carrying amount at the date of sale. At June 30, 2020 and December 31, 2020, the gross costs of the lease fleet were $613,358,000 and $641,233,000, respectively. Depreciation expense on lease fleet totaled $6,110,000 and $12,968,000 for the quarter ended December 31, 2019 and FY 2020, respectively; and $6,895,000 and $13,650,000 for the quarter ended December 31, 2020 and FY 2021, respectively. Goodwill and Other Intangible Assets The purchase consideration of acquired businesses have been allocated to the assets and liabilities acquired based on the estimated fair values on the respective acquisition dates (see Note 4). Based on these values, the excess purchase consideration over the fair value of the net assets acquired was allocated to goodwill. The Company accounts for goodwill in accordance with FASB ASC Topic 350, Intangibles — Goodwill and Other. The North American oil and gas market has been, and the Company expects it to continue to be, highly cyclical, generally fluctuating in correlation with the price of West Texas Intermediate Crude (“WTI”). The decrease in demand caused by, among other things, the COVID-19 pandemic resulted in a substantial decline in WTI prices and drilling activity. Specifically impacting the Company is a reduction in drilling activity of oil wells located in the Permian and Eagle Ford shales basins in Texas, the two primary basins in which it operates. At June 30, 2020, the Company’s annual impairment test for Lone Star, which does its business in the Permian and Eagle Ford shales basins, determined that the implied value of goodwill at Lone Star, based on a discounted cash flow basis, was less than its carrying value and, as a result, a impairment charge was recorded. The Company’s annual impairment assessment at June 30, 2020 for its other operating units concluded that the fair value of the goodwill for each of them was greater than their respective carrying amounts. At December 31, 2020, the Company determined that qualitative factors in its North American leasing operations pertaining to conditions in the oil and gas market did not change significantly since June 30, 2020 and, as a result, a quantitative impairment analysis for Lone Star was not required. Determining the fair value of a reporting unit requires judgment and involves the use of significant estimates and assumptions. The Company based its fair value estimates on assumptions that it believes are reasonable but are uncertain and subject to changes in market conditions. Other intangible assets include those with indefinite lives (trademark and trade name) and finite lives (primarily customer base and lists, non-compete agreements and deferred financing costs), as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2020 ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ Net Carrying ​ Carrying ​ Accumulated ​ Net Carrying ​ Amount Amortization Amount Amount Amortization Amount Trademark and trade name ​ $ 5,486 ​ $ (453) ​ $ 5,033 ​ $ 5,486 ​ $ (453) ​ $ 5,033 Customer base and lists ​ 31,691 ​ (19,612) ​ 12,079 ​ 31,893 ​ (20,986) ​ 10,907 Non-compete agreements ​ 8,651 ​ (8,226) ​ 425 ​ 8,641 ​ (8,279) ​ 362 Deferred financing costs ​ 3,643 ​ (2,769) ​ 874 ​ 4,413 ​ (3,006) ​ 1,407 Other ​ 2,828 ​ (2,468) ​ 360 ​ 3,200 ​ (2,887) ​ 313 ​ ​ $ 52,299 ​ $ (33,528) ​ $ 18,771 ​ $ 53,633 ​ $ (35,611) ​ $ 18,022 ​ Amortization expense related to amortizable intangible assets, other than deferred financing costs, totaled $772,000 and $1,545,000 for the quarter ended December 31, 2019 and FY 2020, respectively; and $957,000 and $1,924,000 for the quarter ended December 31, 2020 and FY 2021, respectively. Amortization expense, which is included in interest expense, related to deferred financing costs recorded as amortizable intangible assets totaled Revenue from Contracts with Customers The Company leases and sells new and used storage, office, building and portable liquid storage tank containers, modular buildings and mobile offices to its customers, as well as provides other ancillary products and services. The Company recognizes revenue in accordance with two accounting standards. The rental revenue portions of the Company’s revenues that arise from lease arrangements are accounted for in accordance with Topic 842, Leases . Revenues determined to be non-lease related, including sales of lease inventories and fleet, sales of manufactured units and rental-related services, are accounted for in accordance with ASU No. 2014-09, Revenue from Contracts with Customers Our portable storage and modular space rental customers are generally billed in advance for services, which generally includes fleet pickup. Liquid containment rental customers are typically billed in arrears monthly and sales transactions are generally billed upon transfer of the sold items. Payments from customers are generally due upon receipt or 30-day payment terms. Specific customers have extended terms for payment, but no terms are greater than one year from the invoice date. Leasing Revenue Typical rental contracts include the direct rental of fleet, which is accounted for under Topic 842. Rental-related services include fleet delivery and fleet pickup, as well as other ancillary services, which are primarily accounted for under Topic 606. The total amounts of rental-related services related to Topic 606 recognized during the quarter ended December 31, 2019 and FY 2020 and the quarter ended December 31, 2020 and FY 2021 were $14,242,000 and $27,752,000 and $12,172,000 and $23,094,000 , respectively. A small portion of the rental-related services, include subleasing, special events leases and other miscellaneous streams, are accounted for under Topic 842. For contracts that have multiple performance obligations, revenue is allocated to each performance obligation in the contract based on the Company’s best estimate of the standalone selling prices of each distinct performance obligation. The standalone selling price is determined using methods and assumptions developed consistently across similar customers and markets generally applying an expected cost plus an estimated margin to each performance obligation. The Company did not elect the practical expedient for lessor accounting. Rental contracts are based on a monthly rate for our portable storage and modular space fleet and a daily rate for our liquid containment fleet. Rental revenue is recognized ratably over the rental period. The rental continues until the end of the initial term of the lease or when cancelled by the customer or the Company. If equipment is returned prior to the end of the contractual lease period, customers are typically billed a cancellation fee, which is recorded as rental revenue upon the return of the equipment. Customers may utilize our equipment transportation services and other on-site services in conjunction with the rental of equipment, but are not required to do so. Given the short duration of these services, equipment transportation services and other on-site services revenue of a rented unit is recognized in leasing revenue upon completion of the service. Non-Lease Revenue Non-lease revenues consist primarily of the sale of new and used units, and to a lesser extent, sales of manufactured units are all accounted for under Topic 606. Sales contracts generally have a single performance obligation that is satisfied at the time of delivery, which is the point in time control over the unit transfers and the Company is entitled to consideration due under the contract with its customer. Contract Costs and Liabilities The Company incurs commission costs to obtain rental contracts and for sales of new and used units. We expect the period benefitted by each commission to be less than one year. Therefore, we have applied the practical expedient for incremental costs of obtaining a contract and expense commissions as incurred. When customers are billed in advance for rentals, end of lease services, and deposit payments, we defer revenue and reflect unearned rental revenue at the end of the period. As of June 30, 2020 and December 31, 2020, we had approximately $24,642,000 and $31,030,000, respectively, of unearned rental revenue included in unearned revenue and advance payments in the accompanying consolidated balance sheets. Revenues of $2,038,000 and $12,859,000, which were included in the unearned rental revenue balance at June 30, 2019, were recognized during the quarter ended December 31, 2019 and FY 2020, respectively. Revenues of $2,051,000 and $14,196,000, which were included in the unearned rental revenue balance at June 30, 2020, were recognized during the quarter ended December 31, 2020 and FY 2021, respectively. The Company’s uncompleted contracts with customers have unsatisfied (or partially satisfied) performance obligations. For the future service revenues that are expected to be recognized within twelve months, the Company has elected to utilize the optional disclosure exemption made available regarding transaction price allocated to unsatisfied (or partially unsatisfied) performance obligations. The transaction price for performance obligations that will be completed in greater than twelve months is generally variable based on the costs ultimately incurred to provide those services and therefore we are applying the optional exemption to omit disclosure of such amounts. Sales taxes charged to customers are excluded from revenues and expenses. Sales of new modular buildings not manufactured by the Company are typically covered by warranties provided by the manufacturer of the products sold. Certain sales of manufactured units are covered by assurance-type warranties and as of June 30, 2020 and December 31, 2020, the Company had $136,394 and $90,371, respectively, of warranty reserve included in trade payables and accrued liabilities in the accompanying consolidated balance sheets. Disaggregated Rental Revenue In the following tables, total revenue is disaggregated by revenue type for the periods indicated. The tables also include a reconciliation of the disaggregated rental revenue to the Company’s reportable segments (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 18,503 ​ $ 7 ​ $ 18,510 ​ $ — ​ $ — ​ $ 18,510 ​ $ 11,696 ​ $ 30,206 Sales manufactured units ​ — ​ — ​ — ​ 1,890 ​ (1,344) ​ 546 ​ — ​ 546 Total non-lease revenues ​ 18,503 ​ 7 ​ 18,510 ​ 1,890 ​ (1,344) ​ 19,056 ​ 11,696 ​ 30,752 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 27,441 ​ 1,235 ​ 28,676 ​ — ​ (65) ​ 28,611 ​ 13,410 ​ 42,021 Rental-related services ​ 10,929 ​ 1,321 ​ 12,250 ​ — ​ — ​ 12,250 ​ 4,091 ​ 16,341 Total leasing revenues ​ 38,370 ​ 2,556 ​ 40,926 ​ — ​ (65) ​ 40,861 ​ 17,501 ​ 58,362 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 56,873 ​ $ 2,563 ​ $ 59,436 ​ $ 1,890 ​ $ (1,409) ​ $ 59,917 ​ $ 29,197 ​ $ 89,114 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 35,337 ​ $ 27 ​ $ 35,364 ​ $ — ​ $ — ​ $ 35,364 ​ $ 24,507 ​ $ 59,871 Sales manufactured units ​ — ​ — ​ — ​ 3,515 ​ (2,612) ​ 903 ​ — ​ 903 Total non-lease revenues ​ 35,337 ​ 27 ​ 35,364 ​ 3,515 ​ (2,612) ​ 36,267 ​ 24,507 ​ 60,774 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 51,589 ​ 2,340 ​ 53,929 ​ — ​ (148) ​ 53,781 ​ 25,467 ​ 79,248 Rental-related services ​ 21,200 ​ 2,537 ​ 23,737 ​ — ​ — ​ 23,737 ​ 7,715 ​ 31,452 Total leasing revenues ​ 72,789 ​ 4,877 ​ 77,666 ​ — ​ (148) ​ 77,518 ​ 33,182 ​ 110,700 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 108,126 ​ $ 4,904 ​ $ 113,030 ​ $ 3,515 ​ $ (2,760) ​ $ 113,785 ​ $ 57,689 ​ $ 171,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 16,576 ​ $ 35 ​ $ 16,611 ​ $ — ​ $ — ​ $ 16,611 ​ $ 13,130 ​ $ 29,741 Sales manufactured units ​ — ​ — ​ — ​ 3,068 ​ (1,485) ​ 1,583 ​ — ​ 1,583 Total non-lease revenues ​ 16,576 ​ 35 ​ 16,611 ​ 3,068 ​ (1,485) ​ 18,194 ​ 13,130 ​ 31,324 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 26,530 ​ 3,396 ​ 29,926 ​ — ​ (103) ​ 29,823 ​ 12,225 ​ 42,048 Rental-related services ​ 10,919 ​ 3,230 ​ 14,149 ​ — ​ — ​ 14,149 ​ 4,588 ​ 18,737 Total leasing revenues ​ 37,449 ​ 6,626 ​ 44,075 ​ — ​ (103) ​ 43,972 ​ 16,813 ​ 60,785 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 54,025 ​ $ 6,661 ​ $ 60,686 ​ $ 3,068 ​ $ (1,588) ​ $ 62,166 ​ $ 29,943 ​ $ 92,109 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 33,494 ​ $ 35 ​ $ 33,529 ​ $ — ​ $ — ​ $ 33,529 ​ $ 25,003 ​ $ 58,532 Sales manufactured units ​ — ​ — ​ — ​ 6,574 ​ (2,818) ​ 3,756 ​ — ​ 3,756 Total non-lease revenues ​ 33,494 ​ 35 ​ 33,529 ​ 6,574 ​ (2,818) ​ 37,285 ​ 25,003 ​ 62,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 51,784 ​ 7,878 ​ 59,662 ​ — ​ (421) ​ 59,241 ​ 24,168 ​ 83,409 Rental-related services ​ 21,267 ​ 7,131 ​ 28,398 ​ — ​ — ​ 28,398 ​ 7,911 ​ 36,309 Total leasing revenues ​ 73,051 ​ 15,009 ​ 88,060 ​ — ​ (421) ​ 87,639 ​ 32,079 ​ 119,718 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 106,545 ​ $ 15,044 ​ $ 121,589 ​ $ 6,574 ​ $ (3,239) ​ $ 124,924 ​ $ 57,082 ​ $ 182,006 ​ Net Income per Common Share Basic net income per common share is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the periods. Diluted net income per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, vested or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. The potential dilutive securities (common stock equivalents) the Company had outstanding related to stock options, non-vested equity shares, restricted stock units and convertible debt. The following is a reconciliation of weighted average shares outstanding used in calculating earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, ​ Six Months Ended December 31, ​ 2019 2020 2019 2020 Basic 30,253,075 29,774,426 30,229,164 29,734,141 Dilutive effect of common stock equivalents 1,284,562 995,610 1,204,110 910,963 Diluted 31,537,637 30,770,036 31,433,274 30,645,104 ​ Potential common stock equivalents totaling 756,411 and 836,863 for the quarter ended December 31, 2019 and FY 2020, respectively; and 900,288 and 984,935 for the quarter ended December 31, 2020 and FY 2021, respectively, have been excluded from the computation of diluted earnings per share because the effect is anti-dilutive. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Equity Transactions

Equity Transactions	6 Months Ended
	Dec. 31, 2020
Equity Transactions
Equity Transactions	Note 3. Equity Transactions Preferred Stock Upon issuance of shares of preferred stock, the Company records the liquidation value as the preferred equity in the consolidated balance sheet, with any underwriting discount and issuance or offering costs recorded as a reduction in additional paid-in capital. Series B Preferred Stock The Company has outstanding privately-placed 8.00% Series B Cumulative Preferred Stock, par value of $0.0001 per share and liquidation value of $1,000 per share (“Series B Preferred Stock”). The Series B Preferred Stock is offered primarily in connection with business combinations. At June 30, 2020 and December 31, 2020, the Company had outstanding 100 shares of Series B Preferred Stock with an aggregate liquidation preference totaling $102,000. The Series B Preferred Stock is not convertible into GFN common stock, has no voting rights, except as required by Delaware law, and is redeemable after February 1, 2014; at which time it may be redeemed at any time, in whole or in part, at the Company’s option. Holders of the Series B Preferred Stock are entitled to receive, when declared by the Company’s Board of Directors, annual dividends payable quarterly in arrears on the 31 st th Series C Preferred Stock The Company has outstanding publicly-traded 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $100.00 per share (the “Series C Preferred Stock”). At June 30, 2020 and December 31, 2020, the Company had outstanding 400,000 shares of Series C Preferred Stock with an aggregate liquidation preference totaling $40,620,000. Dividends on the Series C Preferred Stock are cumulative from the date of original issue and will be payable on the 31 st th exchangeable for any of the Company’s other securities. Holders of the Series C Preferred Stock generally will have no voting rights, except for limited voting rights if dividends payable on the outstanding Series C Preferred Stock are in arrears for six or more consecutive or non-consecutive quarters, and under certain other circumstances. If the Company fails to maintain the listing of the Series C Preferred Stock on the NASDAQ Stock Market (“NASDAQ”) for 30 days or more, the per annum dividend rate will increase by an additional 2.00% per $100.00 stated liquidation value ($2.00 per annum per share) so long as the listing failure continues. In addition, in the event of any liquidation or winding up of the Company, the holders of the Series C Preferred Stock will have preference to holders of common stock and are pari passu with the Series B Preferred Stock. The Series C Preferred Stock is listed on NASDAQ under the symbol “GFNCP.” Dividends As of December 31, 2020, since issuance, dividends paid or payable totaled $113,000 for the Series B Preferred Stock and dividends paid totaled $27,240,000 for the Series C Preferred Stock. The characterization of dividends to the recipients for Federal income tax purposes is made based upon the earnings and profits of the Company, as defined by the Internal Revenue Code.

Acquisitions

Acquisitions	6 Months Ended
	Dec. 31, 2020
Acquisitions
Acquisitions	Note 4. Acquisitions The Company can enhance its business and market share by entering into new markets in various ways, including starting up a new location or acquiring a business consisting of container, modular unit or mobile office assets of another entity. An acquisition generally provides the Company with operations that enables it to at least cover existing overhead costs and is preferable to a start-up or greenfield location. The accompanying consolidated financial statements include the operations of acquired businesses from the dates of acquisition. FY 2021 Acquisition On December 4, 2020, the Company, through Pac-Van, purchased the storage container and storage trailer business of Jackson Container & Trailer Rental, Inc. (“Jackson Container”) for approximately $2,004,000, which included a general indemnity holdback of $150,000 . Jackson Container is located in New Orleans, Louisiana. ​ ​ ​ ​ ​ Jackson Container ​ ​ December 4, 2020 Fair value of the net tangible assets acquired and liabilities assumed: ​ Inventories ​ $ 388 Property, plant and equipment ​ 204 Lease fleet ​ 1,414 Unearned revenue and advance payments ​ (133) Total net tangible assets acquired and liabilities assumed ​ 1,873 ​ ​ ​ ​ Fair value of intangible assets acquired: ​ Non-compete agreement ​ 13 Customer lists/relationships ​ 110 Goodwill ​ 8 Total intangible assets acquired ​ 131 Total purchase consideration ​ $ 2,004 ​ The FY 2021 operating results prior to and since the respective date of acquisition were not considered significant. Goodwill recognized is attributable primarily to expected corporate synergies, the assembled workforce and other factors. The goodwill recognized in the Jackson Container acquisition is deductible for U.S. income tax purposes The Company incurred approximately $189,000 and $512,000 during the quarter ended December 31, 2019 and FY 2020, respectively, and $15,000 during both the quarter ended December 31, 2020 and FY 2021, of incremental transaction costs associated with acquisition-related activity that were expensed as incurred and are included in selling and general expenses in the accompanying consolidated statements of operations.

Senior and Other Debt

Senior and Other Debt	6 Months Ended
	Dec. 31, 2020
Senior and Other Debt
Senior and Other Debt	Note 5. Senior and Other Debt Asia-Pacific Leasing Senior Credit Facility The Company’s operations in the Asia-Pacific area had an AUS $150,000,000 secured senior credit facility, as amended, under a common terms deed arrangement with the Australia and New Zealand Banking Group Limited (“ANZ”) and Commonwealth Bank of Australia (“CBA”) (the “ANZ/CBA Credit Facility”). On October 26, 2017, RWH (subsequently replaced by GFNAPH) and its subsidiaries and a syndicate led by Deutsche Bank AG, Sydney Branch (“Deutsche Bank”) entered into a Syndicated Facility Agreement (the “Syndicated Facility Agreement”). Pursuant to the Syndicated Facility Agreement, the parties entered into a senior secured credit facility and repaid the ANZ/CBA Credit Facility on November 3, 2017. The senior secured credit facility, as amended (the “Deutsche Bank Credit Facility”), consists of a $33,148,900 (AUS $43,000,000 ) Facility A that will amortize semi-annually; a $89,810,400 (AUS $116,500,000 ) Facility B that has no scheduled amortization; a $15,418,100 (AUS $20,000,000 ) revolving Facility C that is used for working capital, capital expenditures and general corporate purposes; and a $28,908,900 (AUS $37,500,000 ) revolving Term Loan Facility D. Borrowings bear interest at the three-month bank bill swap interest rate in Australia (“BBSW”), plus a margin of 4.25% to 5.50% per annum, as determined by net leverage, as defined. In addition, financing fees totaling $2,213,600 (AUS $2,871,400 ) are payable quarterly in advance through maturity; and an exit fee of $810,700 (AUS$ 1,051,600 ), which was due on November 3, 2020 from the original November 3, 2017 financing, was paid in FY 2021. The Deutsche Bank Credit Facility is secured by substantially all of the assets of Royal Wolf and by the pledge of all the capital stock of GFNAPH and its subsidiaries and matures on November 2, 2023 . Prepayment penalties equal to 1.0% of any amount prepaid under the Deutsche Bank Credit Facility will expire on March 22, 2021, with no prepayment penalty due after March 22, 2021. The Deutsche Bank Credit Facility is subject to certain financial and other customary covenants, including, among other things, compliance with specified net leverage and debt requirement or fixed charge ratios based on earnings before interest, income taxes, impairment, depreciation and amortization and other non-operating costs and income (“EBITDA”), as defined. The Deutsche Bank Credit Facility Agreement also requires Royal Wolf to prepay amounts borrowed by a percentage of excess cash flow, as defined, as of the end of each fiscal year, depending on the net leverage ratio as of such date. At December 31, 2020, borrowings under the Deutsche Bank Credit Facility totaled $121,956,000 (AUS$158,198,000) and availability, including cash at the bank, totaled $36,552,000 (AUS$47,415,000). The above amounts were translated based upon the exchange rate of one Australian dollar to 0.770905 U.S. dollar and one New Zealand dollar to 0.721448 U.S. dollar at December 31, 2020. Bison Capital Notes General On September 19, 2017, Bison Capital Equity Partners V, L.P and its affiliates (“Bison Capital”), GFN, GFN U.S., GFNAPH and GFN Asia Pacific Finance Pty Ltd, an Australian corporation (“GFNAPF”), entered into that certain Amended and Restated Securities Purchase Agreement dated September 19, 2017 (the “Amended Securities Purchase Agreement”). On September 25, 2017, pursuant to the Amended Securities Purchase Agreement, GFNAPH and GFNAPF issued and sold to Bison an 11.9% secured senior convertible promissory note dated September 25, 2017 in the original principal amount of $26,000,000 (the “Original Convertible Note”) and an 11.9% secured senior promissory note dated September 25, 2017 in the original principal amount of $54,000,000 (the “Senior Term Note” and collectively with the Original Convertible Note, the “Bison Capital Notes”). Net proceeds from the sale of the Bison Capital Notes were used to repay in full all principal, interest and other amounts due under a term loan to Credit Suisse AG, to acquire the 49,188,526 publicly-traded shares of RWH not owned by the Company and to pay all related fees and expenses. GFNAPF was dissolved in September 2018. By Letter of Instruction dated September 25, 2017, Bison Capital instructed GFN to transfer the interests in the Original Convertible Note and to issue four new secured senior convertible notes: a $7,750,000 secured senior convertible note held by Teachers Insurance and Association of America (the "TIAA Convertible Note"), a $7,750,000 secured senior convertible note held by General Electric Pension Trust (the "GEPT Convertible Note) and two secured senior convertible notes totaling $10,500,000 held by Bison Capital (the "Bison Convertible Notes"). Collectively, these four new secured senior convertible notes are referred to as the "Convertible Notes." On March 25, 2019, the Senior Term Note was repaid in full by proceeds totaling $63,311,000 (AUS$89,804,000) borrowed under the Deutsche Bank Credit Facility, which included interest the Company elected to defer and a prepayment fee of two percent. Convertible Notes At any time prior to maturity, the holders may have converted unpaid principal and interest under the Convertible Notes into shares of GFN common stock based upon a price of $8.50 per share (3,058,824 shares based on the original $26,000,000 principal amount), subject to adjustment as described in the Convertible Notes. If GFN common stock traded above 150% of the conversion price over 30 consecutive trading days and the aggregate dollar value of all GFN common stock traded on NASDAQ exceeded $600,000 over the last 20 consecutive days of the same 30-day period, GFN may have forced the holders to convert all or a portion of the Convertible Notes. Such a conversion threshold occurred on September 5, 2018, and on September 6, 2018 the Company elected to force the conversion and delivered a notice to the holders requiring the conversion of the Convertible Notes into a total of 3,058,824 shares of the Company’s common stock effective September 10, 2018. The Convertible Notes included a provision which required GFNAPH to pay the holders, via the payment of principal, interest and the realized value of GFN common stock received after conversion of the Convertible Notes, a minimum return of . The Company evaluated the Convertible Notes at issuance and determined that certain conversion rights were an embedded derivative that required bifurcation because they were not deemed to be clearly and closely related to the Convertible Notes, met the definition of a derivative and none of the exceptions applied. As a result, the Company separately accounted for these conversion rights as a standalone derivative. As of the date of issuance on September 25, 2017, the fair value of this bifurcated derivative was determined to be In June 2020, General Electric Pension Trust ('GEPT") elected to sell the 911,765 shares of GFN common stock they own from the conversion of the GEPT Convertible Note. At a meeting on June 18, 2020, the GFN Board of Directors approved GFN buying GEPT's shares (versus an open market sale by GEPT), as well as entering into an agreement with GEPT to satisfy their remaining minimum return liability in two equal payments, the first one due October 1, 2020 and the second one on January 1, 2021, as well as approving that the bifurcated minimum return derivative liability will be assumed by GFN U.S. effective June 30, 2020. The shares were purchased by the Company at a closing market price on June 22, 2020 of $6.40, resulting in realized gross proceeds to GEPT of $5,835,000, and leaving a remaining minimum return liability of $6,843,000. The GFN shares purchased from GEPT, plus commission of $10,000, was recorded as treasury stock and the minimum return liability due GEPT is included in trade payables and accrued liabilities in the accompanying consolidated balance sheets. The entire bifurcated minimum return derivative liability was revalued at June 22, 2020, and the difference of $436,000 between this valuation and the previous valuation at March 31, 2020 was recognized as a loss in the consolidated statements of operations during the fourth quarter of FY 2020. In addition, the difference of $1,081,000 between the remaining minimum return liability of $6,843,000 due GEPT and its value at June 22, 2020 prior to its assumption by GFN was recognized as a gain in the consolidated statements of operations during the fourth quarter of the fiscal year ended June 30, 2020. At December 31, 2020, the fair value of the bifurcated minimum return derivative liability for the remaining 2,147,059 shares remaining from the conversion of the TIAA Convertible Note and Bison Convertible Notes was $16,424,000. North America Senior Credit Facility At December 31, 2020, the North America leasing (Pac-Van and Lone Star) and manufacturing operations (Southern Frac) had a combined $285,000,000 senior secured revolving credit facility, as amended, with a syndicate led by Wells Fargo Bank, National Association (“Wells Fargo”) that also includes East West Bank, CIT Bank, N.A., the CIBC Bank USA, KeyBank, National Association, Bank Hapoalim, B.M., Associated Bank and Bank of the West (the “Wells Fargo Credit Facility”). In addition, the Wells Fargo Credit Facility provides an accordion feature that may be exercised by the syndicate, subject to the terms in the credit agreement, to increase the maximum amount that may be borrowed by an additional $25,000,000. The Wells Fargo Credit Facility matures on December 14, 2025, assuming the Company’s publicly-traded senior notes due October 31, 2025 (see below) are extended to a date not earlier than March 14, 2026, or have been repaid in full or refinanced or replaced on terms satisfactory to the Wells Fargo Credit Facility; otherwise the Wells Fargo Credit Facility would mature on July 31, 2025. ​ The Wells Fargo Credit Facility is secured by substantially all of the rental fleet, inventory and other assets of the Company’s North American leasing and manufacturing operations. The Wells Fargo Credit Facility effectively not only finances the North American operations, but also the funding requirements for the Series C Preferred Stock (see Note 3) and the publicly-traded unsecured senior notes. The maximum amount of intercompany dividends that Pac-Van and Lone Star are allowed to pay in each fiscal year to GFN for the funding requirements of GFN’s senior and other debt and the Series C Preferred Stock are (a) the lesser of $5,000,000 for the Series C Preferred Stock or the amount equal to the dividend rate of the Series C Preferred Stock and its aggregate liquidation preference and the actual amount of dividends required to be paid to the Series C Preferred Stock; and (b) $8,000,000 for the public offering of unsecured senior notes or the actual amount of annual interest required to be paid; provided that (i) the payment of such dividends does not cause a default or event of default; (ii) each of Pac-Van and Lone Star is solvent; (iii) excess availability, as defined, is Borrowings under the Wells Fargo Credit Facility accrue interest, at the Company’s option, either at the base rate, as defined, or the LIBOR rate, as defined, with a minimum of 0.5%; plus an applicable margin range of 2.50% to 3.00% based on the average excess availability. The Wells Fargo Credit Facility also specifies the future conditions under which the current LIBOR-based interest rate could be replaced in the future with an alternate benchmark interest rate. There is an unused commitment fee of 0.250% - 0.375%, based on the average revolver usage. The Wells Fargo Credit Facility contains, among other things, certain financial covenants, including fixed charge coverage ratios, and other covenants, representations, warranties, indemnification provisions, and events of default that are customary for senior secured credit facilities; including a composite minimum utilization covenant and a covenant that would require repayment upon a change in control, as defined. At December 31, 2020, borrowings and availability under the Wells Fargo Credit Facility totaled $172,383,000 and $87,883,000, respectively. Senior Notes On June 18, 2014, the Company completed the sale of unsecured senior notes (the “2021 Senior Notes") in a public offering for an aggregate principal amount of $72,000,000. The 2021 Senior Notes were issued in minimum denominations of $25 and integral multiples of $25 in excess thereof and pursuant to the first supplemental indenture (the “First Supplemental Indenture”) dated as of June 18, 2014 by and between the Company and Wells Fargo, as trustee (the “Original Trustee”). The First Supplemental Indenture supplements the indenture entered into by and between the Company and the Original Trustee dated as of June 18, 2014 (the "Base Indenture"). On April 24, 2017, the Company completed the sale of a "tack-on" offering of its publicly-traded Senior Notes for an aggregate principal amount of $5,390,000 that was priced at $24.95 per denomination. On October 31, 2018, the Company successfully completed a consent solicitation to amend the Base Indenture and First Supplemental Indenture to permit the Company to incur additional indebtedness from time to time, including pursuant to its existing Wells Fargo Credit Facility and existing master finance/capital lease agreement, or such new finance/capital lease obligations as the Company may enter into from time to time. As a result of the successful consent solicitation, the Company and the Original Trustee entered into the second supplemental indenture dated October 31, 2018 (the “Second Supplemental Indenture” and, together with the Base Indenture and First Supplemental Indenture, the “Existing Indenture"). The 2021 Senior Notes bore interest at the rate of 8.125% per annum and were scheduled to mature on July 31, 2021. Prior to December 31, 2020, an aggregate principal amount of $65,800,000 of the 2021 Senior Notes were redeemed (see below) and the remaining principal balance of $11,590,000, plus accrued interest through the redemption date of January 15, 2021, was effectively defeased by the transfer of funds to the Original Trustee (see Note 12) through borrowings on the Wells Fargo Credit Facility. As a result, the Company has reflected the 2021 Senior Notes as fully repaid at December 31, 2020, and has written off the related unamortized debt issuance costs of $386,000 at November 30, 2020 through interest expense in accompanying consolidated financial statements. On October 27, 2020, the Company completed the sale of unsecured senior notes (the "2025 Senior Notes") in a public offering for $60,000,000, which represented 100% of the aggregate principal amount. On November 16, 2020, the underwriters exercised their full over-allotment option of $9,000,000, which also represented 100% of the aggregate principal amount. Total net proceeds were $65,853,000, after deducting underwriting discounts and offering costs of approximately $3,147,000. The Company used $65,800,000 of the net proceeds to redeem the majority of the 2021 Senior Notes (see above). The 2025 Senior Notes were issued in minimum denominations of $25 and integral multiples of $25 in excess thereof and pursuant to the third supplemental indenture (the "Third Supplemental Indenture" and, together with the Existing Indenture, the "Indenture") by and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee"). At December 31, 2020, the 2025 Senior Notes totaled $65,958,000, net of unamortized debt issuance costs. The 2025 Senior Notes bear interest at the rate of 7.875% per annum, mature on October 31, 2025 and are not subject to any sinking fund. Interest on the 2025 Senior Notes is payable quarterly in arrears on January 31, April 30, July 31 and October 31, commencing on January 31, 2021. The 2025 Senior Notes rank equally in right of payment with all of the Company's existing and future unsecured senior debt and senior in right of payment to all of its existing and future subordinated debt. The 2025 Senior Notes are effectively subordinated to any of the Company's existing and future secured debt, to the extent of the value of the assets securing such debt. The 2025 Senior Notes are structurally subordinated to all existing and future liabilities of the Company's subsidiaries and are not guaranteed by any of the Company's subsidiaries. The Company may, prior to October 31, 2022, redeem the 2025 Senior Notes in whole or in part upon the payment of 100% of the principal amount of the 2025 Senior Notes being redeemed, plus a “make-whole” price described in the Indenture, and accrued interest and unpaid interest to, but not including, the date of redemption. In addition, the Company may redeem up to If the Company experiences a change in control, as defined in the Indenture, it must offer to purchase the 2025 Senior Notes at 101% of the principal amount plus accrued and unpaid interest to the date of purchase. If the Company engages in asset sales, as defined in the Indenture, it generally must invest the net cash proceeds from such sales in its business within a period of time, prepay debt under the Wells Fargo Credit Facility or make an offer to purchase a principal amount of the 2025 Senior Notes equal to the excess net cash proceeds. The purchase price of the 2025 Senior Notes will be 100% of their principal amount, plus accrued but unpaid interest. The Company may, at its option, at any time and from time to time, on or after October 31, 2022, redeem the 2025 Senior Notes in whole or in part. The 2025 Senior Notes will be redeemable at a redemption price initially equal to 104.5% of the principal amount of the 2025 Senior Notes (and which declines each year on October 31) plus accrued and unpaid interest to the date of redemption. On and after any redemption date, interest will cease to accrue on the redeemed 2025 Senior Notes. The Indenture contains covenants which, among other things, limit the Company’s ability to make certain payments, to pay dividends and to incur additional indebtedness if the incurrence of such indebtedness would cause the company’s consolidated fixed charge coverage ratio, as defined in the Indenture, to be below 2.0 to 1.0. The 2025 Senior Notes are listed on NASDAQ under the symbol “GFNSZ.” Other At December 31, 2020, equipment financing (finance lease liabilities - see Note 9) and other debt totaled The Company was in compliance with the financial covenants under all its credit facilities as of December 31, 2020. The weighted-average interest rate in the Asia-Pacific area was 7.7% and 7.8% during the quarter ended December 31, 2019 and FY 2020, respectively, and during both the quarter ended December 31, 2020 and FY 2021, respectively; which does not include the effect of translation, amortization of deferred financing costs and accretion. The weighted-average interest rate in North America was

Financial Instruments

Financial Instruments	6 Months Ended
	Dec. 31, 2020
Financial Instruments
Financial Instruments	Note 6. Financial Instruments Fair Value Measurements FASB ASC Topic 820, Fair Value Measurements and Disclosures Level 1 - Observable inputs such as quoted prices in active markets for identical assets or liabilities; Level 2 - Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and Level 3 - Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The Company’s derivative instruments are not traded on a market exchange; therefore, the fair values are determined using valuation models that include assumptions about yield curve at the reporting dates as well as counter-party credit risk. The assumptions are generally derived from market-observable data. The Company has consistently applied these calculation techniques to all periods presented, which are considered Level 2. Derivative instruments measured at fair value and their classification in the consolidated balances sheets and statements of operations are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative – Fair Value (Level 2) Type of Derivative Contract Balance Sheet Classification June 30, 2020 December 31, 2020 Swap Contracts ​ Trade payables and accrued liabilities ​ $ 3,456 ​ $ 3,597 Forward-Exchange Contracts Trade payables and accrued liabilities ​ 258 ​ 1,251 Bifurcated Derivatives Fair value of bifurcated derivatives in Convertible Note ​ 18,325 ​ 16,424 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended ​ Six Months Ended Type of Derivative ​ Statement of Operations ​ December 31, ​ December 31, Contract Classification 2019 2020 2019 2020 Forward Exchange Contracts Unrealized foreign currency exchange loss included in “Foreign exchange and other” ​ $ (587) ​ $ (1,209) ​ $ (256) ​ $ (942) Bifurcated Derivatives Change in valuation of bifurcated derivatives in Convertible Note ​ 3,902 ​ 2,584 ​ 4,894 ​ 1,901 ​ Interest Rate Swap Contract The Company’s exposure to market risk for changes in interest rates relates primarily to its senior and other debt obligations. The Company’s policy is to manage its interest expense by using a mix of fixed and variable rate debt. To manage its exposure to variable interest rates in a cost-efficient manner, the Company has entered into interest rate swaps and interest rate options, in which the Company agreed to exchange, at specified intervals, the difference between fixed and variable interest amounts calculated by reference to an agreed-upon notional principal amount. These swaps and options were designated to hedge changes in the interest rate of a portion of the outstanding borrowings in the Asia-Pacific area. During the year ended June 30, 2017 (“FY 2017”), the Company entered into two interest rate swaps that were designated as cash flow hedges. In January 2018, the Company entered into an interest rate swap contract that was designated as a cash flow hedge. The Company expects this derivative to remain highly effective during its term; however, any changes in the portion of the hedge considered ineffective would also be recorded in interest expense in the consolidated statement of operations. In April 2019, this interest swap contract was amended and extended. There was no ineffective portion recorded in FY 2020 and FY 2021. The Company’s interest rate derivative instruments were not traded on a market exchange; therefore, the fair values were determined using valuation models which include assumptions about the interest rate yield curve at the reporting dates (Level 2 fair value measurement). As of June 30, 2020 and December 31, 2020, the open interest rate swap contracts were as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2020 2020 ​ Notional amounts $ 68,777 $ 77,091 ​ Fixed/Strike Rates ​ 7.17 % 7.17 % Floating Rates ​ 5.35 % 5.35 % Fair Value of Combined Contracts ​ $ (3,456) ​ $ (3,597) ​ ​ Foreign Currency Risk The Company has transactional currency exposures. Such exposure arises from sales or purchases in currencies other than the functional currency. The currency giving rise to this risk is primarily U.S. dollars. Royal Wolf has a bank account denominated in U.S. dollars into which a small number of customers pay their debts. This is a natural hedge against fluctuations in the exchange rate. The funds are then used to pay suppliers, avoiding the need to convert to Australian dollars. Royal Wolf uses forward currency and participating forward contracts to eliminate the currency exposures on the majority of its transactions denominated in foreign currencies, either by transaction if the amount is significant, or on a general cash flow hedge basis. The forward currency and participating forward contracts are always in the same currency as the hedged item. The Company believes that financial instruments designated as foreign currency hedges are highly effective. However documentation of such as required by ASC Topic 815 does not exist. Therefore, all movements in the fair values of these hedges are reported in the statement of operations in the period in which fair values change. As of June 30, 2020, there were 13 open forward exchange contracts that mature between July 2020 and October 2020; and, as of December 31, 2020, there were 43 open forward exchange contracts that mature between January 2021 and July 2021, as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2020 Notional amounts $ 3,087 $ 18,802 Exchange/Strike Rates (AUD to USD) ​ 0.56516 – 0.68863 ​ 0.65125 - 0.72944 Fair Value of Combined Contracts ​ $ (258) ​ $ (1,251) ​ For the quarter ended December 31, 2019 and 2020, net unrealized and realized foreign exchange gains (losses) totaled $881,000 and $(28,000) and $146,000 and $(10,000) , respectively. In FY 2020 and FY 2021, net unrealized and realized foreign exchange gains (losses) totaled Fair Value of Other Financial Instruments The fair value of the Company’s borrowings under the Senior Notes was determined based on a Level 1 input and for borrowings under its senior credit facilities determined based on Level 3 inputs; including a comparison to a group of comparable industry debt issuances (“Industry Comparable Debt Issuances”) and a study of credit (“Credit Spread Analysis”). Under the Industry Comparable Debt Issuance method, the Company compared the debt facilities to several industry comparable debt issuances. This method consisted of an analysis of the offering yields compared to the current yields on publicly traded debt securities. Under the Credit Spread Analysis, the Company first examined the implied credit spreads, which are based on data published by the United States Federal Reserve. Based on this analysis the Company was able to assess the credit market. The fair value of the Company’s senior credit facilities as of June 30, 2020 was determined to be approximately $366,554,000 (carrying value of $372,697,000, gross of deferred financing costs of $896,000). The Company also determined that the fair value of its other debt of $7,997,000 at June 30, 2020 approximated or would not vary significantly from their carrying values. The Company believes that market conditions at December 31, 2020 have not changed significantly from June 30, 2020. Therefore, the proportion of the fair value to the carrying value of the Company’s senior credit facilities and other debt at December 31, 2020 would not vary significantly from the proportion determined at June 30, 2020. Under the provisions of FASB ASC Topic 825, Financial Instruments,

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Dec. 31, 2020
Related-Party Transactions
Related-Party Transactions	Note 7. Related-Party Transactions Effective January 31, 2008, the Company entered into a lease with an affiliate of the Company’s then Chief Executive Officer (now Executive Chairman of the Board of Directors) for its corporate headquarters in Pasadena, California. The rent is $7,393 per month, effective March 1, 2009, plus allocated charges for common area maintenance, real property taxes and insurance, for approximately 3,000 square feet of office space. The term of the lease is five years, with two five-year renewal options, and the rent is adjusted yearly based on the consumer price index. On October 11, 2012, the Company exercised the first option to renew the lease for an additional five-year term commencing February 1, 2013 and on August 7, 2017, it exercised its second option for an additional five-year term commencing on February 1, 2018. Rental payments were $28,000 during both the quarter ended December 31, 2019 and 2020; and $55,000 during both FY 2020 and FY 2021. The premises of Pac-Van’s Las Vegas branch are owned by and were leased from the then acting branch manager through December 31, 2016. From January 1, 2017 through May 12, 2017, the use of the premises was rented on a month-to-month basis. Effective May 12, 2017, the Company entered into a lease agreement through December 31, 2020 for rental of $10,876 per month and the right to extend the term of the lease for three two-year options, with the monthly rental increasing at each option period from $11,420 to $12,590 per month. On August 4, 2020, the Company exercised the first option to renew the lease for an additional two-year term commencing January 1, 2021. Rental payments on these premises totaled $38,000 and $76,000 during the quarter ended December 31, 2019 and FY 2020, respectively; and $40,000 and $80,000 during the quarter ended December 31, 2020 and FY 2021, respectively.

Equity Plans

Equity Plans	6 Months Ended
	Dec. 31, 2020
Equity Plans
Equity Plans	Note 8. Equity Plans On September 11, 2014, the Board of Directors of the Company adopted the 2014 Stock Incentive Plan (the “2014 Plan”), which was approved by the stockholders at the Company’s annual meeting on December 4, 2014 and amended and restated by the stockholders at the annual meeting on December 3, 2015. The 2014 Plan is an “omnibus” incentive plan permitting a variety of equity programs designed to provide flexibility in implementing equity and cash awards, including incentive stock options, nonqualified stock options, restricted stock grants (“non-vested equity shares”), restricted stock units, stock appreciation rights, performance stock, performance units and other stock-based awards. Participants in the 2014 Plan may be granted any one of the equity awards or any combination of them, as determined by the Board of Directors or the Compensation Committee. Upon the approval of the 2014 Plan by the stockholders, the Company suspended further grants under its previous equity plans, the General Finance Corporation 2006 Stock Option Plan (the “2006 Plan”) and the 2009 Stock Incentive Plan (the “2009 Plan”) (collectively the “Predecessor Plans”), which had a total of 2,500,000 shares reserved for grant. Any stock options which are forfeited under the Predecessor Plans will become available for grant under the 2014 Plan, but the total number of shares available under the 2014 Plan will not exceed the 1,500,000 shares reserved for grant under the 2014 Plan, plus any options which were forfeited or are available for grant under the Predecessor Plans. If not sooner terminated by the Board of Directors, the 2014 Plan will expire on December 4, 2024, which is the tenth anniversary of the date it was approved by the Company’s stockholders. The 2006 Plan expired on June 30, 2016 and the 2009 Plan expired on December 10, 2019. On December 7, 2017, the stockholders approved an amendment unanimously approved by the Board of Directors of the Company that increased the number of shares reserved for issuance under the 2014 Plan by 1,000,000 shares, from 1,500,000 to 2,500,000 shares of common stock, plus any options which were forfeited or are available for grant under the 2009 Plan. The Predecessor Plans and the 2014 Plan are referred to collectively as the “Stock Incentive Plan.” All grants to-date consist of incentive and non-qualified stock options that vest over a period of up to five years (“time-based”), non-qualified stock options that vest over varying periods that are dependent on the attainment of certain defined EBITDA and other targets (“performance-based”), non-vested equity shares (“restricted stock”) and restricted stock units (“RSU”). At December 31, 2020, Since inception, the range of the fair value of the stock options granted (other than to non-employee consultants) and the assumptions used are as follows: ​ ​ ​ ​ Fair value of stock options $0.81 - $6.35 ​ ​ ​ Assumptions used: Risk-free interest rate 1.19% - 4.8% Expected life (in years) 7.5 Expected volatility 26.5% - 84.6% Expected dividends — ​ At December 31, 2020, there were no significant outstanding stock options held by non-employee consultants that were not fully vested. A summary of the Company’s stock option activity and related information for FY 2021 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Average ​ ​ Number of ​ Weighted- ​ Remaining ​ ​ Options ​ Average ​ Contractual ​ (Shares) Exercise Price Term (Years) ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at June 30, 2020 1,599,541 ​ $ 4.54 Granted — ​ — Exercised (150,100) ​ 1.26 Forfeited or expired — ​ — Outstanding at December 31, 2020 1,449,441 ​ $ 4.88 4.1 ​ ​ ​ ​ ​ ​ ​ ​ Vested and expected to vest at December 31, 2020 1,449,441 ​ $ 4.88 4.1 ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2020 1,444,945 ​ $ 4.87 4.1 ​ At December 31, 2020, outstanding time-based options and performance-based options totaled 1,029,095 and 420,346, respectively. Also at that date, the Company’s market price for its common stock was $8.51 per share, which was above the exercise prices of over 98% of the outstanding stock options, and the intrinsic value of the outstanding stock options at that date was $5,311,000. Share-based compensation of $9,616,000 related to stock options has been recognized in the consolidated statements of operations, with a corresponding benefit to equity, from inception through December 31, 2020. At that date, there remains $16,000 of unrecognized compensation expense to be recorded on a straight-line basis over the remaining weighted-average vesting period of less than two years. A deduction is not allowed for U.S. income tax purposes with respect to non-qualified options granted in the United States until the stock options are exercised or, with respect to incentive stock options issued in the United States, unless the optionee makes a disqualifying disposition of the underlying shares. The amount of any deduction will be the difference between the fair value of the Company’s common stock and the exercise price at the date of exercise. Accordingly, there is a deferred tax asset recorded for the U.S. tax effect of the financial statement expense recorded related to stock option grants in the United States. The tax effect of the U.S. income tax deduction in excess of the financial statement expense, if any, will be recorded as a benefit in the consolidated statement of operations. A summary of the Company’s restricted stock and RSU activity follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted Stock ​ RSU ​ ​ ​ ​ Weighted-Average ​ ​ ​ Weighted-Average ​ ​ ​ ​ Grant Date Fair ​ ​ ​ Grant Date Fair ​ ​ Shares ​ Value ​ Shares ​ Value Nonvested at June 30, 2020 408,099 $ 8.00 108,928 $ 8.18 Granted 34,480 ​ 8.70 — ​ — Vested (27,985) ​ 10.72 (74,359) ​ 7.45 Forfeited — ​ — (2,706) ​ 9.49 Nonvested at December 31, 2020 414,594 ​ $ 7.88 31,863 ​ $ 9.76 ​ Share-based compensation of $6,824,000 and $1,554,000 related to restricted stock and RSU, respectively, has been recognized in the consolidated statements of operations, with a corresponding benefit to equity, from inception through December 31, 2020. At that date, there remains $2,453,000 for the restricted stock and $257,000 for the RSU of unrecognized compensation expense to be recorded on a straight-line basis over the remaining vesting period of less than a year to 2.69 years for the restricted stock and less than a year to 2.11 years for the RSU.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2020
Commitments and Contingencies
Commitments and Contingencies	Note 9. Commitments and Contingencies Leases In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) . This new standard was initiated as a joint project with the International Accounting Standards Board to simplify lease accounting and improve the quality of and comparability of financial information for users. This accounting standard, as updated, eliminated the concept of off-balance sheet treatment for “operating leases” for lessees for the vast majority of lease contracts. Under ASU No. 2016-02, at inception, a lessee must classify all leases with a term of over one year as either finance or operating, with both classifications resulting in the recognition of a defined “right-of-use” asset and a lease liability on the balance sheet. However, recognition in the income statement will differ depending on the lease classification, with finance leases recognizing the amortization of the right-of-use asset separate from the interest on the lease liability and operating leases recognizing a single total lease expense. Lessor accounting under ASU No. 2016-02 is substantially unchanged from the previous lease requirements under U.S. GAAP. The Company adopted ASU No. 2016-02 effective July 1, 2019, utilizing a modified retrospective transition approach and using the effective date as the date of initial application. As a result, financial information was not updated and the disclosures required under the new accounting standard was not provided for dates and periods before July 1, 2019. The accounting standard included optional transitional practical expedients intended to simplify its adoption and the Company adopted the package of practical expedients, which allowed it to retain the historical lease classification determined under legacy U.S. GAAP, as well as relief from reviewing expired or existing contracts to determine if they contain leases. As of July 1, 2019, the right of use assets (operating lease assets) related to operating leases recorded on the Company’s consolidated balance sheet was $70,797,000 and the related liabilities (operating lease liabilities) was $71,298,000 . The difference between the right of use assets and related lease liabilities is predominantly deferred rent. The adoption of this accounting standard did not materially impact the Company’s consolidated statements of operations or cash flows. Operating Lease Assets and Liabilities We lease our corporate office, certain administrative offices, and certain branch locations through the United States, Canada, and Asia-Pacific. Additionally, we lease equipment to support our operations, including vehicles and office equipment. For operating leases with an initial term greater than twelve months, the Company recognizes a lease asset and liability at commencement date. The Company follows the short-term lease exception as an accounting policy; therefore, leases with an original term of 12 months or less are not recognized on the balance sheet. Lease assets are initially measured at cost, which includes the initial amount of the lease liability, plus any initial direct costs incurred, less lease incentives received. The liability is initially and subsequently measured as the present value of the unpaid lease payments. The Company uses estimates and judgments in the determination of our lease liabilities. Key estimates and judgments include the following: Lease Discount Rate – The Company is required to discount unpaid fixed lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, the incremental borrowing rate, which would typically be the senior lending borrowing rate at the respective geographic venue of the operating lease. Lease Term – The Company includes the non-cancellable period of the lease, plus any additional periods covered by an extension of the lease that are reasonably certain to be exercised. The Company expects to exercise options to extend many operating leases after considering the relevant economic factors. Fixed Payments – Lease payments included in the measurement of the lease liability include fixed payments owed over the lease term, termination penalties if it is expected that a termination option will be exercised, the price to purchase the underlying asset if it is reasonably certain that the purchase option will be exercised and residual value guarantees, if applicable. Future payments of operating lease liabilities at June 30, 2020 and December 31, 2020 are as follows (in thousands): ​ ​ ​ ​ ​ Year Ending June 30, ​ 2021 ​ $ 11,628 2022 ​ 10,336 2023 ​ 9,121 2024 ​ 7,858 2025 ​ 6,750 Thereafter ​ 57,190 Total commitments ​ 102,883 Less – effect of discounting ​ (35,741) ​ ​ $ 67,142 ​ ​ ​ ​ ​ Year Ending December 31, ​ 2021 ​ $ 12,568 2022 ​ 11,647 2023 ​ 9,997 2024 ​ 8,808 2025 ​ 7,918 Thereafter ​ 72,979 Total commitments ​ 123,917 Less – effect of discounting ​ (43,802) ​ ​ $ 80,115 ​ Operating Lease Expense and Activity Payments due under lease contracts include fixed payments plus, if applicable, variable payments. Fixed payments under leases are recognized on a straight-line basis over the term of the lease, including any periods of free rent. Variable expenses associated with leases are recognized when they are incurred. For real estate leases, variable payments include such items as allocable property taxes, local sales and business taxes, and common area maintenance charges. Variable payments associated with equipment leases include such items as maintenance services provided by the lessor and local sales and business taxes. The Company has elected the accounting policy to not separate lease components and non-lease components. All expenses for operating leases are recognized within the costs and expenses in determining operating income. Operating lease activity during the periods was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, ​ Six Months Ended December 31, ​ 2019 2020 2019 2020 Expense: ​ ​ ​ ​ ​ Short-term lease expense ​ $ 898 ​ $ 833 ​ $ 1,823 ​ $ 1,655 Fixed lease expense ​ 3,267 ​ 3,572 ​ 6,490 ​ 7,096 Variable lease expense ​ 467 ​ 398 ​ 730 ​ 789 Sublease income ​ (1,286) ​ (1,199) ​ (2,449) ​ (2,279) ​ ​ $ 3,346 ​ $ 3,604 ​ $ 6,594 ​ $ 7,261 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash paid and new or modified operating lease information: ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 3,028 ​ $ 3,328 ​ $ 5,960 ​ $ 6,558 Net operating lease assets obtained in exchange for new or modified operating lease liabilities ​ 2,328 ​ ​ 965 ​ 3,709 ​ ​ 11,791 ​ The weighted-average remaining lease term and weighted average discount rate for operating leases at June 30, 2020 and December 31, 2020 was 12.6 years and 6.3%, and 13.4 years and 6.4 %, respectively. Finance Leases Specific criteria differentiate a finance lease from an operating lease, but generally leases under which substantially all the risks and benefits incidental to ownership of the leased assets are assumed by the Company are classified as finance leases. At adoption of ASU No. 2016-02, all previously classified capital leases were classified as finance leases. In the accompanying consolidated balance sheets, finance lease assets are included in property, plant and equipment (see Note 2), while finance lease liabilities are included in senior and other debt (see Note 5). Finance leased assets as of June 30, 2020 and December 31, 2020, include gross costs of $8,650,000 and $12,495,000 and accumulated amortization of $2,871,000 and $3,432,000 resulting in a net book value of $5,779,000 and $9,063,000 , respectively. Self-Insurance The Company has insurance policies to cover auto liability, general liability, directors and officers liability and workers compensation-related claims. Effective on February 1, 2017, the Company became self-insured for auto liability and general liability through GFNI, a wholly-owned captive insurance company, up to a maximum of $1,200,000 per policy period. Claims and expenses are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. These losses include an estimate of claims that have been incurred but not reported. At June 30, 2020 and December 31, 2020, reported liability totaled $1,278,000 and $1,341,000, respectively, and has been recorded in the caption “Trade payables and accrued liabilities” in the accompanying consolidated balance sheets. Other Matters The Company is not involved in any material lawsuits or claims arising out of the normal course of business. The nature of its business is such that disputes can occasionally arise with employees, vendors (including suppliers and subcontractors) and customers over warranties, contract specifications and contract interpretations among other things. The Company assesses these matters on a case-by-case basis as they arise. Reserves are established, as required, based on its assessment of its exposure. The Company has insurance policies to cover general liability and workers compensation related claims. In the opinion of management, the ultimate amount of liability not covered by insurance under pending litigation and claims, if any, will not have a material adverse effect on our financial position, operating results or cash flows.

Cash Flows from Operating Activ

Cash Flows from Operating Activities and Other Financial Information	6 Months Ended
	Dec. 31, 2020
Cash Flows from Operating Activities and Other Financial Information
Cash Flows from Operating Activities and Other Financial Information	Note 10. Cash Flows from Operating Activities and Other Financial Information The following table provides a detail of cash flows from operating activities (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, ​ 2019 2020 Cash flows from operating activities ​ ​ Net income ​ $ 16,392 ​ $ 13,339 Adjustments to reconcile net income loss to cash flows from operating activities: ​ ​ Gain on sales and disposals of property, plant and equipment ​ (177) ​ (274) Gain on sales of lease fleet ​ (4,738) ​ (5,701) Unrealized foreign exchange loss (gain) ​ 5 ​ (143) Unrealized loss on forward exchange contracts ​ 256 ​ 942 Change in valuation of bifurcated derivatives in Convertible Note ​ (4,894) ​ (1,901) Depreciation and amortization ​ 18,218 ​ 18,660 Amortization of deferred financing costs ​ 927 ​ 1,248 Share-based compensation expense ​ 1,368 ​ 1,038 Deferred income taxes ​ 5,242 ​ 2,841 Changes in operating assets and liabilities (excluding assets and liabilities from acquisitions): ​ ​ ​ Trade and other receivables, net ​ 4,872 ​ 2,872 Inventories ​ (2,316) ​ 2,060 Prepaid expenses and other ​ (588) ​ (2,328) Trade payables, accrued liabilities and unearned revenues ​ 3,091 ​ (2,953) Income taxes ​ (198) ​ 123 Net cash provided by operating activities ​ $ 37,460 ​ $ 29,823 ​

Segment Reporting

Segment Reporting	6 Months Ended
	Dec. 31, 2020
Segment Reporting
Segment Reporting	Note 11. Segment Reporting We have two geographic areas that include four operating segments; the Asia-Pacific area, consisting of the leasing operations of Royal Wolf, and North America, consisting of the combined leasing operations of Pac-Van and Lone Star, and the manufacturing operations of Southern Frac. Discrete financial data on each of the Company’s products is not available and it would be impractical to collect and maintain financial data in such a manner. In managing the Company’s business, senior management focuses on primarily growing its leasing revenues and operating cash flow (EBITDA), and investing in its lease fleet through capital purchases and acquisitions. Transactions between reportable segments included in the tables below are recorded on an arms-length basis at market in conformity with U.S. GAAP and the Company’s significant accounting policies (see Note 2). The tables below represent the Company’s revenues from external customers, share-based compensation expense, impairment of goodwill, depreciation and amortization, operating income, interest income and expense, expenditures for additions to long-lived assets (consisting of lease fleet and property, plant and equipment), long-lived assets, operating lease assets and goodwill; as attributed to its geographic and operating segments (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Asia – Pacific ​ ​ ​ ​ ​ Pac-Van ​ Lone Star ​ Combined ​ Manufacturing ​ Adjustments ​ Total ​ Leasing ​ Consolidated Revenues: ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 18,503 ​ $ 7 ​ $ 18,510 ​ $ 1,890 ​ $ (1,344) ​ $ 19,056 ​ $ 11,696 ​ $ 30,752 Leasing ​ 38,370 ​ 2,556 ​ 40,926 ​ — ​ (65) ​ 40,861 ​ 17,501 ​ 58,362 ​ ​ $ 56,873 ​ $ 2,563 ​ $ 59,436 ​ $ 1,890 ​ $ (1,409) ​ $ 59,917 ​ $ 29,197 ​ $ 89,114 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share-based compensation ​ $ 119 ​ $ 15 ​ $ 134 ​ $ 12 ​ $ 320 ​ $ 466 ​ $ 48 ​ $ 514 Depreciation and amortization ​ $ 4,186 ​ $ 2,161 ​ $ 6,347 ​ $ 101 ​ $ (180) ​ $ 6,268 ​ $ 3,227 ​ $ 9,495 Operating income (loss) ​ $ 14,653 ​ $ (1,512) ​ $ 13,141 ​ $ (154) ​ $ (1,360) ​ $ 11,627 ​ $ 5,028 ​ $ 16,655 Interest income ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 151 ​ $ 151 Interest expense ​ $ 1,599 ​ $ 44 ​ $ 1,643 ​ $ 13 ​ $ 2,749 ​ $ 4,405 ​ $ 2,281 ​ $ 6,686 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Asia – Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 35,337 ​ $ 27 ​ $ 35,364 ​ $ 3,515 ​ $ (2,612) ​ $ 36,267 ​ $ 24,507 ​ $ 60,774 Leasing ​ 72,789 ​ 4,877 ​ 77,666 ​ — ​ (148) ​ 77,518 ​ 33,182 ​ 110,700 ​ ​ $ 108,126 ​ $ 4,904 ​ $ 113,030 ​ $ 3,515 ​ $ (2,760) ​ $ 113,785 ​ $ 57,689 ​ $ 171,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share-based compensation ​ $ 238 ​ $ 30 ​ $ 268 ​ $ 24 ​ $ 650 ​ $ 942 ​ $ 96 ​ $ 1,038 Depreciation and amortization ​ $ 8,224 ​ $ 4,339 ​ $ 12,563 ​ $ 200 ​ $ (359) ​ $ 12,404 ​ $ 6,256 ​ $ 18,660 Operating income (loss) ​ $ 25,007 ​ $ (3,421) ​ $ 21,586 ​ $ (371) ​ $ (2,558) ​ $ 18,657 ​ $ 9,303 ​ $ 27,960 Interest income ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 302 ​ $ 302 Interest expense ​ $ 3,060 ​ $ 65 ​ $ 3,125 ​ $ 25 ​ $ 4,465 ​ $ 7,615 ​ $ 4,768 ​ $ 12,383 Additions to long-lived assets ​ $ 23,311 ​ $ 42 ​ $ 23,353 ​ $ 67 ​ $ (302) ​ $ 23,118 ​ $ 6,852 ​ $ 29,970 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 Long-lived assets ​ $ 330,624 $ 36,640 $ 367,264 $ 1,228 $ (9,089) $ 359,403 $ 139,680 $ 499,083 Operating lease assets ​ $ 23,956 ​ $ 2,311 ​ $ 26,267 ​ $ 183 ​ $ 218 ​ $ 26,668 ​ $ 51,864 ​ $ 78,532 Goodwill ​ $ 65,217 ​ $ 6,622 ​ $ 71,839 ​ $ — ​ $ — ​ $ 71,839 ​ $ 28,559 ​ $ 100,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2020 Long-lived assets ​ $ 320,956 ​ $ 40,234 ​ $ 361,190 ​ $ 1,361 ​ $ (9,145) ​ $ 353,406 ​ $ 129,717 ​ $ 483,123 Operating lease assets ​ $ 25,602 ​ $ 2,441 ​ $ 28,043 ​ $ 244 ​ $ 267 ​ $ 28,554 ​ $ 37,671 ​ $ 66,225 Goodwill ​ $ 65,123 ​ $ 6,622 ​ $ 71,745 ​ $ — ​ $ — ​ $ 71,745 ​ $ 25,479 ​ $ 97,224 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Asia – Pacific ​ ​ ​ ​ ​ Pac-Van ​ Lone Star ​ Combined ​ Manufacturing ​ Adjustments ​ Total ​ Leasing ​ Consolidated Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 16,576 ​ $ 35 ​ $ 16,611 ​ $ 3,068 ​ $ (1,485) ​ $ 18,194 ​ $ 13,130 ​ $ 31,324 Leasing ​ 37,449 ​ 6,626 ​ 44,075 ​ — ​ (103) ​ 43,972 ​ 16,813 ​ 60,785 ​ ​ $ 54,025 ​ $ 6,661 ​ $ 60,686 ​ $ 3,068 ​ $ (1,588) ​ $ 62,166 ​ $ 29,943 ​ $ 92,109 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share-based compensation ​ $ 106 ​ $ 12 ​ $ 118 ​ $ 9 ​ $ 375 ​ $ 502 ​ $ 183 ​ $ 685 Depreciation and amortization ​ $ 4,079 ​ $ 1,653 ​ $ 5,732 ​ $ 97 ​ $ (179) ​ $ 5,650 ​ $ 3,056 ​ $ 8,706 Operating income ​ $ 13,412 ​ $ 650 ​ $ 14,062 ​ $ (203) ​ $ (1,486) ​ $ 12,373 ​ $ 4,646 ​ $ 17,019 Interest income ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1 ​ $ 1 ​ $ 179 ​ $ 180 Interest expense ​ $ 2,428 ​ $ 78 ​ $ 2,506 ​ $ 30 ​ $ 1,717 ​ $ 4,253 ​ $ 2,677 ​ $ 6,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Asia – Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 33,494 ​ $ 35 ​ $ 33,529 ​ $ 6,574 ​ $ (2,818) ​ $ 37,285 ​ $ 25,003 ​ $ 62,288 Leasing ​ 73,051 ​ 15,009 ​ 88,060 ​ — ​ (421) ​ 87,639 ​ 32,079 ​ 119,718 ​ ​ $ 106,545 ​ $ 15,044 ​ $ 121,589 ​ $ 6,574 ​ $ (3,239) ​ $ 124,924 ​ $ 57,082 ​ $ 182,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share-based compensation ​ $ 211 ​ $ 24 ​ $ 235 ​ $ 18 ​ $ 749 ​ $ 1,002 ​ $ 366 ​ $ 1,368 Depreciation and amortization ​ $ 8,099 ​ $ 3,270 ​ $ 11,369 ​ $ 198 ​ $ (358) ​ $ 11,209 ​ $ 7,009 ​ $ 18,218 Operating income ​ $ 25,190 ​ $ 2,541 ​ $ 27,731 ​ $ (27) ​ $ (3,104) ​ $ 24,600 ​ $ 7,349 ​ $ 31,949 Interest income ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ $ 364 ​ $ 366 Interest expense ​ $ 5,057 ​ $ 205 ​ $ 5,262 ​ $ 66 ​ $ 3,434 ​ $ 8,762 ​ $ 5,492 ​ $ 14,254 Additions to long-lived assets ​ $ 29,645 ​ $ 813 ​ $ 30,458 ​ $ 32 ​ $ (313) ​ $ 30,177 ​ $ 7,907 ​ $ 38,084 ​ Intersegment net revenues related to sales of primarily portable liquid storage containers and ground level offices from Southern Frac to the North American leasing operations totaled $1,485,000 and $2,818,000 during the quarter ended December 31, 2019 and FY 2020, respectively; and $1,344,000 and $2,612,000 during the quarter ended December 31, 2020 and FY 2021, respectively. Intrasegment net revenues in the North American leasing operations related to primarily the leasing of portable liquid storage containers from Pac-Van to Lone Star totaled $70,000 and $355,000 during the quarter ended December 31, 2019 and FY 2020, respectively; and $32,000 and $82,000 during the quarter ended December 31, 2020 and FY 2021, respectively.

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2020
Subsequent Events
Subsequent Events	Note 12. Subsequent Events On January 15, 2021, the Company announced that its Board of Directors declared a cash dividend of $2.30 per share on the Series C Preferred Stock (see Note 3). The dividend is for the period commencing on October 31, 2020 through January 30, 2021, and is payable on February 1, 2021 to holders of record as of January 30, 2021. On January 15, 2021, the Company redeemed the remaining $11,590,000 of the issued and outstanding principal amount of the 2021 Senior Notes in accordance with the optional redemption provisions in the Existing Indenture governing the 2021 Senior Notes (see Note 5). The redemption price was equal to 100% of the original principal amount, plus accrued and unpaid interest.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with United States generally accepted accounting principles (“U.S. GAAP”) applicable to interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements, although the Condensed Consolidated Balance Sheet at June 30, 2020 was derived from the audited Consolidated Balance Sheet at that date. In the opinion of management, all adjustments (which include all significant normal and recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for all periods presented have been made. The accompanying results of operations are not necessarily indicative of the operating results that may be expected for the entire fiscal year ending June 30, 2021, particularly in light of the pandemic caused by the novel strain of coronavirus (COVID-19). The Company believes its business is essential, which allows it to continue to serve customers that remain operational. However, if the Company is required to close a certain number of its locations or a number of its employees cannot work because of illness or otherwise, its business could be materially adversely affected in a rapid manner. Similarly, if customers experience adverse business consequences due to the COVID-19 pandemic, including being required to shut down their operations, demand for the Company’s services and products could also be materially adversely affected in a rapid manner. The impact of the COVID-19 pandemic is fluid, continues to evolve and, therefore, at this time it cannot be reasonably predicted to what extent the Company’s consolidated results of operations and financial condition will ultimately be impacted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes thereto of the Company, which are included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020 filed with the Securities and Exchange Commission (“SEC”). Unless otherwise indicated, references to “FY 2020” and “FY 2021” are to the six months ended December 31, 2019 and 2020, respectively.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include assumptions used in assigning value to identifiable intangible assets at the acquisition date, the assessment for impairment of goodwill, the assessment for impairment of other intangible assets, the allowance for doubtful accounts, share-based compensation expense, residual value of the lease fleet, derivative liability valuation and deferred tax assets and liabilities. Assumptions and factors used in the estimates are evaluated on an annual basis or whenever events or changes in circumstances indicate that the previous assumptions and factors have changed. The results of the analysis could result in adjustments to estimates. The COVID-19 pandemic and the efforts to contain it have, among other things, negatively impacted the global economy and created significant volatility and disruption of financial markets. In addition, the COVID-19 pandemic has significantly increased economic and demand uncertainty. The Company believes the estimates and assumptions underlying the accompanying consolidated financial statements are reasonable and supportable based on the information available at the time the financial statements were prepared. However, uncertainty over the impact COVID-19 will have on the global economy and the Company’s business in particular makes many of the estimates and assumptions reflected in these consolidated financial statements inherently less certain. Therefore, actual results may ultimately differ from those estimates to a greater degree than historically.
Inventories	Inventories Inventories are comprised of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2020 Finished goods ​ $ 17,347 ​ $ 16,964 Work in progress ​ 1,161 ​ 607 Raw materials ​ 2,420 ​ 2,831 ​ ​ $ 20,928 ​ $ 20,402
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ June 30, ​ December 31, ​ Useful Life 2020 2020 Land ​ — ​ $ 2,168 ​ $ 2,168 Building and improvements ​ 10 — 40 years ​ 4,899 ​ 4,899 Transportation and plant equipment (including finance lease assets - see Note 9) ​ 3 — 20 years ​ 50,497 ​ 55,832 Furniture, fixtures and office equipment ​ 3 — 10 years ​ 14,583 ​ 15,240 ​ ​ ​ ​ ​ 72,147 ​ 78,139 Less accumulated depreciation and amortization ​ ​ ​ ​ (47,751) ​ (51,044) ​ ​ ​ ​ ​ $ 24,396 ​ $ 27,095 ​ Depreciation expense on property, plant and equipment totaled $1,639,000 and $3,326,000 for the quarter ended December 31, 2019 and FY 2020, respectively; and $1,828,000 and $3,465,000 for the quarter ended December 31, 2020 and FY 2021, respectively.
Lease Fleet	Lease Fleet The Company has a fleet of storage, portable building, office and portable liquid storage tank containers, mobile offices, modular buildings and steps that it primarily leases to customers under operating lease agreements with varying terms. Units in the lease fleet are also available for sale. The cost of sales of a unit in the lease fleet is recognized at the carrying amount at the date of sale. At June 30, 2020 and December 31, 2020, the gross costs of the lease fleet were $613,358,000 and $641,233,000, respectively. Depreciation expense on lease fleet totaled $6,110,000 and $12,968,000 for the quarter ended December 31, 2019 and FY 2020, respectively; and $6,895,000 and $13,650,000 for the quarter ended December 31, 2020 and FY 2021, respectively.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The purchase consideration of acquired businesses have been allocated to the assets and liabilities acquired based on the estimated fair values on the respective acquisition dates (see Note 4). Based on these values, the excess purchase consideration over the fair value of the net assets acquired was allocated to goodwill. The Company accounts for goodwill in accordance with FASB ASC Topic 350, Intangibles — Goodwill and Other. The North American oil and gas market has been, and the Company expects it to continue to be, highly cyclical, generally fluctuating in correlation with the price of West Texas Intermediate Crude (“WTI”). The decrease in demand caused by, among other things, the COVID-19 pandemic resulted in a substantial decline in WTI prices and drilling activity. Specifically impacting the Company is a reduction in drilling activity of oil wells located in the Permian and Eagle Ford shales basins in Texas, the two primary basins in which it operates. At June 30, 2020, the Company’s annual impairment test for Lone Star, which does its business in the Permian and Eagle Ford shales basins, determined that the implied value of goodwill at Lone Star, based on a discounted cash flow basis, was less than its carrying value and, as a result, a impairment charge was recorded. The Company’s annual impairment assessment at June 30, 2020 for its other operating units concluded that the fair value of the goodwill for each of them was greater than their respective carrying amounts. At December 31, 2020, the Company determined that qualitative factors in its North American leasing operations pertaining to conditions in the oil and gas market did not change significantly since June 30, 2020 and, as a result, a quantitative impairment analysis for Lone Star was not required. Determining the fair value of a reporting unit requires judgment and involves the use of significant estimates and assumptions. The Company based its fair value estimates on assumptions that it believes are reasonable but are uncertain and subject to changes in market conditions. Other intangible assets include those with indefinite lives (trademark and trade name) and finite lives (primarily customer base and lists, non-compete agreements and deferred financing costs), as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2020 ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ Net Carrying ​ Carrying ​ Accumulated ​ Net Carrying ​ Amount Amortization Amount Amount Amortization Amount Trademark and trade name ​ $ 5,486 ​ $ (453) ​ $ 5,033 ​ $ 5,486 ​ $ (453) ​ $ 5,033 Customer base and lists ​ 31,691 ​ (19,612) ​ 12,079 ​ 31,893 ​ (20,986) ​ 10,907 Non-compete agreements ​ 8,651 ​ (8,226) ​ 425 ​ 8,641 ​ (8,279) ​ 362 Deferred financing costs ​ 3,643 ​ (2,769) ​ 874 ​ 4,413 ​ (3,006) ​ 1,407 Other ​ 2,828 ​ (2,468) ​ 360 ​ 3,200 ​ (2,887) ​ 313 ​ ​ $ 52,299 ​ $ (33,528) ​ $ 18,771 ​ $ 53,633 ​ $ (35,611) ​ $ 18,022 ​ Amortization expense related to amortizable intangible assets, other than deferred financing costs, totaled $772,000 and $1,545,000 for the quarter ended December 31, 2019 and FY 2020, respectively; and $957,000 and $1,924,000 for the quarter ended December 31, 2020 and FY 2021, respectively. Amortization expense, which is included in interest expense, related to deferred financing costs recorded as amortizable intangible assets totaled
Revenue from Contracts with Customers	Revenue from Contracts with Customers The Company leases and sells new and used storage, office, building and portable liquid storage tank containers, modular buildings and mobile offices to its customers, as well as provides other ancillary products and services. The Company recognizes revenue in accordance with two accounting standards. The rental revenue portions of the Company’s revenues that arise from lease arrangements are accounted for in accordance with Topic 842, Leases . Revenues determined to be non-lease related, including sales of lease inventories and fleet, sales of manufactured units and rental-related services, are accounted for in accordance with ASU No. 2014-09, Revenue from Contracts with Customers Our portable storage and modular space rental customers are generally billed in advance for services, which generally includes fleet pickup. Liquid containment rental customers are typically billed in arrears monthly and sales transactions are generally billed upon transfer of the sold items. Payments from customers are generally due upon receipt or 30-day payment terms. Specific customers have extended terms for payment, but no terms are greater than one year from the invoice date. Leasing Revenue Typical rental contracts include the direct rental of fleet, which is accounted for under Topic 842. Rental-related services include fleet delivery and fleet pickup, as well as other ancillary services, which are primarily accounted for under Topic 606. The total amounts of rental-related services related to Topic 606 recognized during the quarter ended December 31, 2019 and FY 2020 and the quarter ended December 31, 2020 and FY 2021 were $14,242,000 and $27,752,000 and $12,172,000 and $23,094,000 , respectively. A small portion of the rental-related services, include subleasing, special events leases and other miscellaneous streams, are accounted for under Topic 842. For contracts that have multiple performance obligations, revenue is allocated to each performance obligation in the contract based on the Company’s best estimate of the standalone selling prices of each distinct performance obligation. The standalone selling price is determined using methods and assumptions developed consistently across similar customers and markets generally applying an expected cost plus an estimated margin to each performance obligation. The Company did not elect the practical expedient for lessor accounting. Rental contracts are based on a monthly rate for our portable storage and modular space fleet and a daily rate for our liquid containment fleet. Rental revenue is recognized ratably over the rental period. The rental continues until the end of the initial term of the lease or when cancelled by the customer or the Company. If equipment is returned prior to the end of the contractual lease period, customers are typically billed a cancellation fee, which is recorded as rental revenue upon the return of the equipment. Customers may utilize our equipment transportation services and other on-site services in conjunction with the rental of equipment, but are not required to do so. Given the short duration of these services, equipment transportation services and other on-site services revenue of a rented unit is recognized in leasing revenue upon completion of the service. Non-Lease Revenue Non-lease revenues consist primarily of the sale of new and used units, and to a lesser extent, sales of manufactured units are all accounted for under Topic 606. Sales contracts generally have a single performance obligation that is satisfied at the time of delivery, which is the point in time control over the unit transfers and the Company is entitled to consideration due under the contract with its customer. Contract Costs and Liabilities The Company incurs commission costs to obtain rental contracts and for sales of new and used units. We expect the period benefitted by each commission to be less than one year. Therefore, we have applied the practical expedient for incremental costs of obtaining a contract and expense commissions as incurred. When customers are billed in advance for rentals, end of lease services, and deposit payments, we defer revenue and reflect unearned rental revenue at the end of the period. As of June 30, 2020 and December 31, 2020, we had approximately $24,642,000 and $31,030,000, respectively, of unearned rental revenue included in unearned revenue and advance payments in the accompanying consolidated balance sheets. Revenues of $2,038,000 and $12,859,000, which were included in the unearned rental revenue balance at June 30, 2019, were recognized during the quarter ended December 31, 2019 and FY 2020, respectively. Revenues of $2,051,000 and $14,196,000, which were included in the unearned rental revenue balance at June 30, 2020, were recognized during the quarter ended December 31, 2020 and FY 2021, respectively. The Company’s uncompleted contracts with customers have unsatisfied (or partially satisfied) performance obligations. For the future service revenues that are expected to be recognized within twelve months, the Company has elected to utilize the optional disclosure exemption made available regarding transaction price allocated to unsatisfied (or partially unsatisfied) performance obligations. The transaction price for performance obligations that will be completed in greater than twelve months is generally variable based on the costs ultimately incurred to provide those services and therefore we are applying the optional exemption to omit disclosure of such amounts. Sales taxes charged to customers are excluded from revenues and expenses. Sales of new modular buildings not manufactured by the Company are typically covered by warranties provided by the manufacturer of the products sold. Certain sales of manufactured units are covered by assurance-type warranties and as of June 30, 2020 and December 31, 2020, the Company had $136,394 and $90,371, respectively, of warranty reserve included in trade payables and accrued liabilities in the accompanying consolidated balance sheets. Disaggregated Rental Revenue In the following tables, total revenue is disaggregated by revenue type for the periods indicated. The tables also include a reconciliation of the disaggregated rental revenue to the Company’s reportable segments (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 18,503 ​ $ 7 ​ $ 18,510 ​ $ — ​ $ — ​ $ 18,510 ​ $ 11,696 ​ $ 30,206 Sales manufactured units ​ — ​ — ​ — ​ 1,890 ​ (1,344) ​ 546 ​ — ​ 546 Total non-lease revenues ​ 18,503 ​ 7 ​ 18,510 ​ 1,890 ​ (1,344) ​ 19,056 ​ 11,696 ​ 30,752 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 27,441 ​ 1,235 ​ 28,676 ​ — ​ (65) ​ 28,611 ​ 13,410 ​ 42,021 Rental-related services ​ 10,929 ​ 1,321 ​ 12,250 ​ — ​ — ​ 12,250 ​ 4,091 ​ 16,341 Total leasing revenues ​ 38,370 ​ 2,556 ​ 40,926 ​ — ​ (65) ​ 40,861 ​ 17,501 ​ 58,362 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 56,873 ​ $ 2,563 ​ $ 59,436 ​ $ 1,890 ​ $ (1,409) ​ $ 59,917 ​ $ 29,197 ​ $ 89,114 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 35,337 ​ $ 27 ​ $ 35,364 ​ $ — ​ $ — ​ $ 35,364 ​ $ 24,507 ​ $ 59,871 Sales manufactured units ​ — ​ — ​ — ​ 3,515 ​ (2,612) ​ 903 ​ — ​ 903 Total non-lease revenues ​ 35,337 ​ 27 ​ 35,364 ​ 3,515 ​ (2,612) ​ 36,267 ​ 24,507 ​ 60,774 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 51,589 ​ 2,340 ​ 53,929 ​ — ​ (148) ​ 53,781 ​ 25,467 ​ 79,248 Rental-related services ​ 21,200 ​ 2,537 ​ 23,737 ​ — ​ — ​ 23,737 ​ 7,715 ​ 31,452 Total leasing revenues ​ 72,789 ​ 4,877 ​ 77,666 ​ — ​ (148) ​ 77,518 ​ 33,182 ​ 110,700 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 108,126 ​ $ 4,904 ​ $ 113,030 ​ $ 3,515 ​ $ (2,760) ​ $ 113,785 ​ $ 57,689 ​ $ 171,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 16,576 ​ $ 35 ​ $ 16,611 ​ $ — ​ $ — ​ $ 16,611 ​ $ 13,130 ​ $ 29,741 Sales manufactured units ​ — ​ — ​ — ​ 3,068 ​ (1,485) ​ 1,583 ​ — ​ 1,583 Total non-lease revenues ​ 16,576 ​ 35 ​ 16,611 ​ 3,068 ​ (1,485) ​ 18,194 ​ 13,130 ​ 31,324 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 26,530 ​ 3,396 ​ 29,926 ​ — ​ (103) ​ 29,823 ​ 12,225 ​ 42,048 Rental-related services ​ 10,919 ​ 3,230 ​ 14,149 ​ — ​ — ​ 14,149 ​ 4,588 ​ 18,737 Total leasing revenues ​ 37,449 ​ 6,626 ​ 44,075 ​ — ​ (103) ​ 43,972 ​ 16,813 ​ 60,785 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 54,025 ​ $ 6,661 ​ $ 60,686 ​ $ 3,068 ​ $ (1,588) ​ $ 62,166 ​ $ 29,943 ​ $ 92,109 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 33,494 ​ $ 35 ​ $ 33,529 ​ $ — ​ $ — ​ $ 33,529 ​ $ 25,003 ​ $ 58,532 Sales manufactured units ​ — ​ — ​ — ​ 6,574 ​ (2,818) ​ 3,756 ​ — ​ 3,756 Total non-lease revenues ​ 33,494 ​ 35 ​ 33,529 ​ 6,574 ​ (2,818) ​ 37,285 ​ 25,003 ​ 62,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 51,784 ​ 7,878 ​ 59,662 ​ — ​ (421) ​ 59,241 ​ 24,168 ​ 83,409 Rental-related services ​ 21,267 ​ 7,131 ​ 28,398 ​ — ​ — ​ 28,398 ​ 7,911 ​ 36,309 Total leasing revenues ​ 73,051 ​ 15,009 ​ 88,060 ​ — ​ (421) ​ 87,639 ​ 32,079 ​ 119,718 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 106,545 ​ $ 15,044 ​ $ 121,589 ​ $ 6,574 ​ $ (3,239) ​ $ 124,924 ​ $ 57,082 ​ $ 182,006
Net Income per Common Share	Net Income per Common Share Basic net income per common share is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the periods. Diluted net income per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, vested or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. The potential dilutive securities (common stock equivalents) the Company had outstanding related to stock options, non-vested equity shares, restricted stock units and convertible debt. The following is a reconciliation of weighted average shares outstanding used in calculating earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, ​ Six Months Ended December 31, ​ 2019 2020 2019 2020 Basic 30,253,075 29,774,426 30,229,164 29,734,141 Dilutive effect of common stock equivalents 1,284,562 995,610 1,204,110 910,963 Diluted 31,537,637 30,770,036 31,433,274 30,645,104 ​ Potential common stock equivalents totaling 756,411 and 836,863 for the quarter ended December 31, 2019 and FY 2020, respectively; and 900,288 and 984,935 for the quarter ended December 31, 2020 and FY 2021, respectively, have been excluded from the computation of diluted earnings per share because the effect is anti-dilutive.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2020
Summary of Significant Accounting Policies
Schedule of inventories	Inventories are comprised of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2020 Finished goods ​ $ 17,347 ​ $ 16,964 Work in progress ​ 1,161 ​ 607 Raw materials ​ 2,420 ​ 2,831 ​ ​ $ 20,928 ​ $ 20,402
Schedule of property, plant and equipment	Property, plant and equipment consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ June 30, ​ December 31, ​ Useful Life 2020 2020 Land ​ — ​ $ 2,168 ​ $ 2,168 Building and improvements ​ 10 — 40 years ​ 4,899 ​ 4,899 Transportation and plant equipment (including finance lease assets - see Note 9) ​ 3 — 20 years ​ 50,497 ​ 55,832 Furniture, fixtures and office equipment ​ 3 — 10 years ​ 14,583 ​ 15,240 ​ ​ ​ ​ ​ 72,147 ​ 78,139 Less accumulated depreciation and amortization ​ ​ ​ ​ (47,751) ​ (51,044) ​ ​ ​ ​ ​ $ 24,396 ​ $ 27,095
Schedule of other intangible assets	Other intangible assets include those with indefinite lives (trademark and trade name) and finite lives (primarily customer base and lists, non-compete agreements and deferred financing costs), as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2020 ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ Net Carrying ​ Carrying ​ Accumulated ​ Net Carrying ​ Amount Amortization Amount Amount Amortization Amount Trademark and trade name ​ $ 5,486 ​ $ (453) ​ $ 5,033 ​ $ 5,486 ​ $ (453) ​ $ 5,033 Customer base and lists ​ 31,691 ​ (19,612) ​ 12,079 ​ 31,893 ​ (20,986) ​ 10,907 Non-compete agreements ​ 8,651 ​ (8,226) ​ 425 ​ 8,641 ​ (8,279) ​ 362 Deferred financing costs ​ 3,643 ​ (2,769) ​ 874 ​ 4,413 ​ (3,006) ​ 1,407 Other ​ 2,828 ​ (2,468) ​ 360 ​ 3,200 ​ (2,887) ​ 313 ​ ​ $ 52,299 ​ $ (33,528) ​ $ 18,771 ​ $ 53,633 ​ $ (35,611) ​ $ 18,022
Schedule of revenues by type	In the following tables, total revenue is disaggregated by revenue type for the periods indicated. The tables also include a reconciliation of the disaggregated rental revenue to the Company’s reportable segments (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 18,503 ​ $ 7 ​ $ 18,510 ​ $ — ​ $ — ​ $ 18,510 ​ $ 11,696 ​ $ 30,206 Sales manufactured units ​ — ​ — ​ — ​ 1,890 ​ (1,344) ​ 546 ​ — ​ 546 Total non-lease revenues ​ 18,503 ​ 7 ​ 18,510 ​ 1,890 ​ (1,344) ​ 19,056 ​ 11,696 ​ 30,752 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 27,441 ​ 1,235 ​ 28,676 ​ — ​ (65) ​ 28,611 ​ 13,410 ​ 42,021 Rental-related services ​ 10,929 ​ 1,321 ​ 12,250 ​ — ​ — ​ 12,250 ​ 4,091 ​ 16,341 Total leasing revenues ​ 38,370 ​ 2,556 ​ 40,926 ​ — ​ (65) ​ 40,861 ​ 17,501 ​ 58,362 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 56,873 ​ $ 2,563 ​ $ 59,436 ​ $ 1,890 ​ $ (1,409) ​ $ 59,917 ​ $ 29,197 ​ $ 89,114 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 35,337 ​ $ 27 ​ $ 35,364 ​ $ — ​ $ — ​ $ 35,364 ​ $ 24,507 ​ $ 59,871 Sales manufactured units ​ — ​ — ​ — ​ 3,515 ​ (2,612) ​ 903 ​ — ​ 903 Total non-lease revenues ​ 35,337 ​ 27 ​ 35,364 ​ 3,515 ​ (2,612) ​ 36,267 ​ 24,507 ​ 60,774 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 51,589 ​ 2,340 ​ 53,929 ​ — ​ (148) ​ 53,781 ​ 25,467 ​ 79,248 Rental-related services ​ 21,200 ​ 2,537 ​ 23,737 ​ — ​ — ​ 23,737 ​ 7,715 ​ 31,452 Total leasing revenues ​ 72,789 ​ 4,877 ​ 77,666 ​ — ​ (148) ​ 77,518 ​ 33,182 ​ 110,700 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 108,126 ​ $ 4,904 ​ $ 113,030 ​ $ 3,515 ​ $ (2,760) ​ $ 113,785 ​ $ 57,689 ​ $ 171,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 16,576 ​ $ 35 ​ $ 16,611 ​ $ — ​ $ — ​ $ 16,611 ​ $ 13,130 ​ $ 29,741 Sales manufactured units ​ — ​ — ​ — ​ 3,068 ​ (1,485) ​ 1,583 ​ — ​ 1,583 Total non-lease revenues ​ 16,576 ​ 35 ​ 16,611 ​ 3,068 ​ (1,485) ​ 18,194 ​ 13,130 ​ 31,324 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 26,530 ​ 3,396 ​ 29,926 ​ — ​ (103) ​ 29,823 ​ 12,225 ​ 42,048 Rental-related services ​ 10,919 ​ 3,230 ​ 14,149 ​ — ​ — ​ 14,149 ​ 4,588 ​ 18,737 Total leasing revenues ​ 37,449 ​ 6,626 ​ 44,075 ​ — ​ (103) ​ 43,972 ​ 16,813 ​ 60,785 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 54,025 ​ $ 6,661 ​ $ 60,686 ​ $ 3,068 ​ $ (1,588) ​ $ 62,166 ​ $ 29,943 ​ $ 92,109 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ ​ Asia – ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-lease: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales lease inventories and fleet ​ $ 33,494 ​ $ 35 ​ $ 33,529 ​ $ — ​ $ — ​ $ 33,529 ​ $ 25,003 ​ $ 58,532 Sales manufactured units ​ — ​ — ​ — ​ 6,574 ​ (2,818) ​ 3,756 ​ — ​ 3,756 Total non-lease revenues ​ 33,494 ​ 35 ​ 33,529 ​ 6,574 ​ (2,818) ​ 37,285 ​ 25,003 ​ 62,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leasing: ​ ​ ​ ​ ​ ​ ​ ​ Rental revenue ​ 51,784 ​ 7,878 ​ 59,662 ​ — ​ (421) ​ 59,241 ​ 24,168 ​ 83,409 Rental-related services ​ 21,267 ​ 7,131 ​ 28,398 ​ — ​ — ​ 28,398 ​ 7,911 ​ 36,309 Total leasing revenues ​ 73,051 ​ 15,009 ​ 88,060 ​ — ​ (421) ​ 87,639 ​ 32,079 ​ 119,718 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 106,545 ​ $ 15,044 ​ $ 121,589 ​ $ 6,574 ​ $ (3,239) ​ $ 124,924 ​ $ 57,082 ​ $ 182,006
Schedule of reconciliation of weighted average shares outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, ​ Six Months Ended December 31, ​ 2019 2020 2019 2020 Basic 30,253,075 29,774,426 30,229,164 29,734,141 Dilutive effect of common stock equivalents 1,284,562 995,610 1,204,110 910,963 Diluted 31,537,637 30,770,036 31,433,274 30,645,104

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Dec. 31, 2020
Jackson Container
Acquisitions
Schedule of preliminary allocation to tangible and intangible assets acquired and liabilities assumed based on their estimated fair market values	​ ​ ​ ​ ​ Jackson Container ​ ​ December 4, 2020 Fair value of the net tangible assets acquired and liabilities assumed: ​ Inventories ​ $ 388 Property, plant and equipment ​ 204 Lease fleet ​ 1,414 Unearned revenue and advance payments ​ (133) Total net tangible assets acquired and liabilities assumed ​ 1,873 ​ ​ ​ ​ Fair value of intangible assets acquired: ​ Non-compete agreement ​ 13 Customer lists/relationships ​ 110 Goodwill ​ 8 Total intangible assets acquired ​ 131 Total purchase consideration ​ $ 2,004

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Dec. 31, 2020
Financial Instruments
Schedule of derivative instruments at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative – Fair Value (Level 2) Type of Derivative Contract Balance Sheet Classification June 30, 2020 December 31, 2020 Swap Contracts ​ Trade payables and accrued liabilities ​ $ 3,456 ​ $ 3,597 Forward-Exchange Contracts Trade payables and accrued liabilities ​ 258 ​ 1,251 Bifurcated Derivatives Fair value of bifurcated derivatives in Convertible Note ​ 18,325 ​ 16,424 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended ​ Six Months Ended Type of Derivative ​ Statement of Operations ​ December 31, ​ December 31, Contract Classification 2019 2020 2019 2020 Forward Exchange Contracts Unrealized foreign currency exchange loss included in “Foreign exchange and other” ​ $ (587) ​ $ (1,209) ​ $ (256) ​ $ (942) Bifurcated Derivatives Change in valuation of bifurcated derivatives in Convertible Note ​ 3,902 ​ 2,584 ​ 4,894 ​ 1,901
Interest Rate Swap Contract
Financial Instruments
Schedule of derivative instrument	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2020 2020 ​ Notional amounts $ 68,777 $ 77,091 ​ Fixed/Strike Rates ​ 7.17 % 7.17 % Floating Rates ​ 5.35 % 5.35 % Fair Value of Combined Contracts ​ $ (3,456) ​ $ (3,597) ​
Foreign-Exchange Contracts
Financial Instruments
Schedule of derivative instrument	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2020 Notional amounts $ 3,087 $ 18,802 Exchange/Strike Rates (AUD to USD) ​ 0.56516 – 0.68863 ​ 0.65125 - 0.72944 Fair Value of Combined Contracts ​ $ (258) ​ $ (1,251)

Equity Plans (Tables)

Equity Plans (Tables)	6 Months Ended
	Dec. 31, 2020
Equity Plans
Summary of valuation assumptions used to calculate fair value of stock options	Since inception, the range of the fair value of the stock options granted (other than to non-employee consultants) and the assumptions used are as follows: ​ ​ ​ ​ Fair value of stock options $0.81 - $6.35 ​ ​ ​ Assumptions used: Risk-free interest rate 1.19% - 4.8% Expected life (in years) 7.5 Expected volatility 26.5% - 84.6% Expected dividends —
Schedule of stock option activity and related information	At December 31, 2020, there were no significant outstanding stock options held by non-employee consultants that were not fully vested. A summary of the Company’s stock option activity and related information for FY 2021 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Average ​ ​ Number of ​ Weighted- ​ Remaining ​ ​ Options ​ Average ​ Contractual ​ (Shares) Exercise Price Term (Years) ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at June 30, 2020 1,599,541 ​ $ 4.54 Granted — ​ — Exercised (150,100) ​ 1.26 Forfeited or expired — ​ — Outstanding at December 31, 2020 1,449,441 ​ $ 4.88 4.1 ​ ​ ​ ​ ​ ​ ​ ​ Vested and expected to vest at December 31, 2020 1,449,441 ​ $ 4.88 4.1 ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2020 1,444,945 ​ $ 4.87 4.1
Schedule of restricted stock and RSU activity	A summary of the Company’s restricted stock and RSU activity follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted Stock ​ RSU ​ ​ ​ ​ Weighted-Average ​ ​ ​ Weighted-Average ​ ​ ​ ​ Grant Date Fair ​ ​ ​ Grant Date Fair ​ ​ Shares ​ Value ​ Shares ​ Value Nonvested at June 30, 2020 408,099 $ 8.00 108,928 $ 8.18 Granted 34,480 ​ 8.70 — ​ — Vested (27,985) ​ 10.72 (74,359) ​ 7.45 Forfeited — ​ — (2,706) ​ 9.49 Nonvested at December 31, 2020 414,594 ​ $ 7.88 31,863 ​ $ 9.76

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Dec. 31, 2020
Commitments and Contingencies
Schedule of future payments of operating lease liabilities	Future payments of operating lease liabilities at June 30, 2020 and December 31, 2020 are as follows (in thousands): ​ ​ ​ ​ ​ Year Ending June 30, ​ 2021 ​ $ 11,628 2022 ​ 10,336 2023 ​ 9,121 2024 ​ 7,858 2025 ​ 6,750 Thereafter ​ 57,190 Total commitments ​ 102,883 Less – effect of discounting ​ (35,741) ​ ​ $ 67,142 ​ ​ ​ ​ ​ Year Ending December 31, ​ 2021 ​ $ 12,568 2022 ​ 11,647 2023 ​ 9,997 2024 ​ 8,808 2025 ​ 7,918 Thereafter ​ 72,979 Total commitments ​ 123,917 Less – effect of discounting ​ (43,802) ​ ​ $ 80,115
Schedule of operating lease activity	Operating lease activity during the periods was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, ​ Six Months Ended December 31, ​ 2019 2020 2019 2020 Expense: ​ ​ ​ ​ ​ Short-term lease expense ​ $ 898 ​ $ 833 ​ $ 1,823 ​ $ 1,655 Fixed lease expense ​ 3,267 ​ 3,572 ​ 6,490 ​ 7,096 Variable lease expense ​ 467 ​ 398 ​ 730 ​ 789 Sublease income ​ (1,286) ​ (1,199) ​ (2,449) ​ (2,279) ​ ​ $ 3,346 ​ $ 3,604 ​ $ 6,594 ​ $ 7,261 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash paid and new or modified operating lease information: ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 3,028 ​ $ 3,328 ​ $ 5,960 ​ $ 6,558 Net operating lease assets obtained in exchange for new or modified operating lease liabilities ​ 2,328 ​ ​ 965 ​ 3,709 ​ ​ 11,791

Cash Flows from Operating Act_2

Cash Flows from Operating Activities and Other Financial Information (Tables)	6 Months Ended
	Dec. 31, 2020
Cash Flows from Operating Activities and Other Financial Information
Schedule of cash flows from operating activities	The following table provides a detail of cash flows from operating activities (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, ​ 2019 2020 Cash flows from operating activities ​ ​ Net income ​ $ 16,392 ​ $ 13,339 Adjustments to reconcile net income loss to cash flows from operating activities: ​ ​ Gain on sales and disposals of property, plant and equipment ​ (177) ​ (274) Gain on sales of lease fleet ​ (4,738) ​ (5,701) Unrealized foreign exchange loss (gain) ​ 5 ​ (143) Unrealized loss on forward exchange contracts ​ 256 ​ 942 Change in valuation of bifurcated derivatives in Convertible Note ​ (4,894) ​ (1,901) Depreciation and amortization ​ 18,218 ​ 18,660 Amortization of deferred financing costs ​ 927 ​ 1,248 Share-based compensation expense ​ 1,368 ​ 1,038 Deferred income taxes ​ 5,242 ​ 2,841 Changes in operating assets and liabilities (excluding assets and liabilities from acquisitions): ​ ​ ​ Trade and other receivables, net ​ 4,872 ​ 2,872 Inventories ​ (2,316) ​ 2,060 Prepaid expenses and other ​ (588) ​ (2,328) Trade payables, accrued liabilities and unearned revenues ​ 3,091 ​ (2,953) Income taxes ​ (198) ​ 123 Net cash provided by operating activities ​ $ 37,460 ​ $ 29,823

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Dec. 31, 2020
Segment Reporting
Schedule of segment reporting information	The tables below represent the Company’s revenues from external customers, share-based compensation expense, impairment of goodwill, depreciation and amortization, operating income, interest income and expense, expenditures for additions to long-lived assets (consisting of lease fleet and property, plant and equipment), long-lived assets, operating lease assets and goodwill; as attributed to its geographic and operating segments (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Asia – Pacific ​ ​ ​ ​ ​ Pac-Van ​ Lone Star ​ Combined ​ Manufacturing ​ Adjustments ​ Total ​ Leasing ​ Consolidated Revenues: ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 18,503 ​ $ 7 ​ $ 18,510 ​ $ 1,890 ​ $ (1,344) ​ $ 19,056 ​ $ 11,696 ​ $ 30,752 Leasing ​ 38,370 ​ 2,556 ​ 40,926 ​ — ​ (65) ​ 40,861 ​ 17,501 ​ 58,362 ​ ​ $ 56,873 ​ $ 2,563 ​ $ 59,436 ​ $ 1,890 ​ $ (1,409) ​ $ 59,917 ​ $ 29,197 ​ $ 89,114 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share-based compensation ​ $ 119 ​ $ 15 ​ $ 134 ​ $ 12 ​ $ 320 ​ $ 466 ​ $ 48 ​ $ 514 Depreciation and amortization ​ $ 4,186 ​ $ 2,161 ​ $ 6,347 ​ $ 101 ​ $ (180) ​ $ 6,268 ​ $ 3,227 ​ $ 9,495 Operating income (loss) ​ $ 14,653 ​ $ (1,512) ​ $ 13,141 ​ $ (154) ​ $ (1,360) ​ $ 11,627 ​ $ 5,028 ​ $ 16,655 Interest income ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 151 ​ $ 151 Interest expense ​ $ 1,599 ​ $ 44 ​ $ 1,643 ​ $ 13 ​ $ 2,749 ​ $ 4,405 ​ $ 2,281 ​ $ 6,686 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2020 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Asia – Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 35,337 ​ $ 27 ​ $ 35,364 ​ $ 3,515 ​ $ (2,612) ​ $ 36,267 ​ $ 24,507 ​ $ 60,774 Leasing ​ 72,789 ​ 4,877 ​ 77,666 ​ — ​ (148) ​ 77,518 ​ 33,182 ​ 110,700 ​ ​ $ 108,126 ​ $ 4,904 ​ $ 113,030 ​ $ 3,515 ​ $ (2,760) ​ $ 113,785 ​ $ 57,689 ​ $ 171,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share-based compensation ​ $ 238 ​ $ 30 ​ $ 268 ​ $ 24 ​ $ 650 ​ $ 942 ​ $ 96 ​ $ 1,038 Depreciation and amortization ​ $ 8,224 ​ $ 4,339 ​ $ 12,563 ​ $ 200 ​ $ (359) ​ $ 12,404 ​ $ 6,256 ​ $ 18,660 Operating income (loss) ​ $ 25,007 ​ $ (3,421) ​ $ 21,586 ​ $ (371) ​ $ (2,558) ​ $ 18,657 ​ $ 9,303 ​ $ 27,960 Interest income ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 302 ​ $ 302 Interest expense ​ $ 3,060 ​ $ 65 ​ $ 3,125 ​ $ 25 ​ $ 4,465 ​ $ 7,615 ​ $ 4,768 ​ $ 12,383 Additions to long-lived assets ​ $ 23,311 ​ $ 42 ​ $ 23,353 ​ $ 67 ​ $ (302) ​ $ 23,118 ​ $ 6,852 ​ $ 29,970 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 Long-lived assets ​ $ 330,624 $ 36,640 $ 367,264 $ 1,228 $ (9,089) $ 359,403 $ 139,680 $ 499,083 Operating lease assets ​ $ 23,956 ​ $ 2,311 ​ $ 26,267 ​ $ 183 ​ $ 218 ​ $ 26,668 ​ $ 51,864 ​ $ 78,532 Goodwill ​ $ 65,217 ​ $ 6,622 ​ $ 71,839 ​ $ — ​ $ — ​ $ 71,839 ​ $ 28,559 ​ $ 100,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2020 Long-lived assets ​ $ 320,956 ​ $ 40,234 ​ $ 361,190 ​ $ 1,361 ​ $ (9,145) ​ $ 353,406 ​ $ 129,717 ​ $ 483,123 Operating lease assets ​ $ 25,602 ​ $ 2,441 ​ $ 28,043 ​ $ 244 ​ $ 267 ​ $ 28,554 ​ $ 37,671 ​ $ 66,225 Goodwill ​ $ 65,123 ​ $ 6,622 ​ $ 71,745 ​ $ — ​ $ — ​ $ 71,745 ​ $ 25,479 ​ $ 97,224 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Asia – Pacific ​ ​ ​ ​ ​ Pac-Van ​ Lone Star ​ Combined ​ Manufacturing ​ Adjustments ​ Total ​ Leasing ​ Consolidated Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 16,576 ​ $ 35 ​ $ 16,611 ​ $ 3,068 ​ $ (1,485) ​ $ 18,194 ​ $ 13,130 ​ $ 31,324 Leasing ​ 37,449 ​ 6,626 ​ 44,075 ​ — ​ (103) ​ 43,972 ​ 16,813 ​ 60,785 ​ ​ $ 54,025 ​ $ 6,661 ​ $ 60,686 ​ $ 3,068 ​ $ (1,588) ​ $ 62,166 ​ $ 29,943 ​ $ 92,109 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share-based compensation ​ $ 106 ​ $ 12 ​ $ 118 ​ $ 9 ​ $ 375 ​ $ 502 ​ $ 183 ​ $ 685 Depreciation and amortization ​ $ 4,079 ​ $ 1,653 ​ $ 5,732 ​ $ 97 ​ $ (179) ​ $ 5,650 ​ $ 3,056 ​ $ 8,706 Operating income ​ $ 13,412 ​ $ 650 ​ $ 14,062 ​ $ (203) ​ $ (1,486) ​ $ 12,373 ​ $ 4,646 ​ $ 17,019 Interest income ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1 ​ $ 1 ​ $ 179 ​ $ 180 Interest expense ​ $ 2,428 ​ $ 78 ​ $ 2,506 ​ $ 30 ​ $ 1,717 ​ $ 4,253 ​ $ 2,677 ​ $ 6,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended December 31, 2019 ​ ​ North America ​ ​ ​ ​ ​ ​ ​ ​ Leasing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intercompany ​ ​ ​ ​ Asia – Pacific ​ ​ ​ ​ Pac-Van Lone Star Combined Manufacturing Adjustments Total Leasing Consolidated Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sales ​ $ 33,494 ​ $ 35 ​ $ 33,529 ​ $ 6,574 ​ $ (2,818) ​ $ 37,285 ​ $ 25,003 ​ $ 62,288 Leasing ​ 73,051 ​ 15,009 ​ 88,060 ​ — ​ (421) ​ 87,639 ​ 32,079 ​ 119,718 ​ ​ $ 106,545 ​ $ 15,044 ​ $ 121,589 ​ $ 6,574 ​ $ (3,239) ​ $ 124,924 ​ $ 57,082 ​ $ 182,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share-based compensation ​ $ 211 ​ $ 24 ​ $ 235 ​ $ 18 ​ $ 749 ​ $ 1,002 ​ $ 366 ​ $ 1,368 Depreciation and amortization ​ $ 8,099 ​ $ 3,270 ​ $ 11,369 ​ $ 198 ​ $ (358) ​ $ 11,209 ​ $ 7,009 ​ $ 18,218 Operating income ​ $ 25,190 ​ $ 2,541 ​ $ 27,731 ​ $ (27) ​ $ (3,104) ​ $ 24,600 ​ $ 7,349 ​ $ 31,949 Interest income ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ $ 364 ​ $ 366 Interest expense ​ $ 5,057 ​ $ 205 ​ $ 5,262 ​ $ 66 ​ $ 3,434 ​ $ 8,762 ​ $ 5,492 ​ $ 14,254 Additions to long-lived assets ​ $ 29,645 ​ $ 813 ​ $ 30,458 ​ $ 32 ​ $ (313) ​ $ 30,177 ​ $ 7,907 ​ $ 38,084

Organization and Business Ope_2

Organization and Business Operations (Details)	6 Months Ended
	Dec. 31, 2020item
Organization and Business Operations
Number of distinct business units	3
Number of geographic areas	2

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Summary of Significant Accounting Policies
Finished goods	$ 16,964	$ 17,347
Work in progress	607	1,161
Raw materials	2,831	2,420
Total	$ 20,402	$ 20,928

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Property, Plant and Equipment and Lease Fleet (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Property, Plant and Equipment
Property, plant and equipment, gross	$ 78,139,000		$ 78,139,000		$ 72,147,000
Less accumulated depreciation and amortization	(51,044,000)		(51,044,000)		(47,751,000)
Property, plant and equipment, net	27,095,000		27,095,000		24,396,000
Depreciation expense, PP&E	1,828,000	$ 1,639,000	3,465,000	$ 3,326,000
Lease Fleet
Depreciation expense, leased fleet	6,895,000	$ 6,110,000	13,650,000	$ 12,968,000
Land
Property, Plant and Equipment
Property, plant and equipment, gross	2,168,000		2,168,000		2,168,000
Building and improvements
Property, Plant and Equipment
Property, plant and equipment, gross	4,899,000		$ 4,899,000		4,899,000
Building and improvements | Minimum
Property, Plant and Equipment
Estimated Useful Life			10 years
Building and improvements | Maximum
Property, Plant and Equipment
Estimated Useful Life			40 years
Transportation and plant equipment (including finance lease assets)
Property, Plant and Equipment
Property, plant and equipment, gross	55,832,000		$ 55,832,000		50,497,000
Transportation and plant equipment (including finance lease assets) | Minimum
Property, Plant and Equipment
Estimated Useful Life			3 years
Transportation and plant equipment (including finance lease assets) | Maximum
Property, Plant and Equipment
Estimated Useful Life			20 years
Furniture, fixtures and office equipment
Property, Plant and Equipment
Property, plant and equipment, gross	15,240,000		$ 15,240,000		14,583,000
Furniture, fixtures and office equipment | Minimum
Property, Plant and Equipment
Estimated Useful Life			3 years
Furniture, fixtures and office equipment | Maximum
Property, Plant and Equipment
Estimated Useful Life			10 years
Lease Fleet
Lease Fleet
Gross costs of leased fleet	$ 641,233,000		$ 641,233,000		$ 613,358,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Goodwill and Other Intangible Assets (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Goodwill and Other Intangible Assets
Impairment of goodwill					$ 14,160,000
Other intangible assets
Gross Carrying Amount	$ 53,633,000		$ 53,633,000		52,299,000
Accumulated Amortization	(35,611,000)		(35,611,000)		(33,528,000)
Net Carrying Amount	18,022,000		18,022,000		18,771,000
Amortization expense of intangible assets	957,000	$ 772,000	1,924,000	$ 1,545,000
Trademark and trade name
Other intangible assets
Gross Carrying Amount	5,486,000		5,486,000		5,486,000
Accumulated Amortization	(453,000)		(453,000)		(453,000)
Net Carrying Amount	5,033,000		5,033,000		5,033,000
Customer base and lists
Other intangible assets
Gross Carrying Amount	31,893,000		31,893,000		31,691,000
Accumulated Amortization	(20,986,000)		(20,986,000)		(19,612,000)
Net Carrying Amount	10,907,000		10,907,000		12,079,000
Non-compete agreement
Other intangible assets
Gross Carrying Amount	8,641,000		8,641,000		8,651,000
Accumulated Amortization	(8,279,000)		(8,279,000)		(8,226,000)
Net Carrying Amount	362,000		362,000		425,000
Deferred financing costs
Other intangible assets
Gross Carrying Amount	4,413,000		4,413,000		3,643,000
Accumulated Amortization	(3,006,000)		(3,006,000)		(2,769,000)
Net Carrying Amount	1,407,000		1,407,000		874,000
Amortization of deferred financing costs	113,000	$ 117,000	237,000	$ 233,000
Other
Other intangible assets
Gross Carrying Amount	3,200,000		3,200,000		2,828,000
Accumulated Amortization	(2,887,000)		(2,887,000)		(2,468,000)
Net Carrying Amount	$ 313,000		$ 313,000		$ 360,000

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Revenue from Contracts with Customers (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Revenue from Contracts with Customers
Topic 606 revenue	$ 30,752,000	$ 31,324,000	$ 60,774,000	$ 62,288,000
Unearned rental revenue included in trade payables and accrued liabilities	31,030,000		31,030,000		$ 24,642,000
Unearned rental revenue recognized	2,051,000	2,038,000	14,196,000	12,859,000
Warranty reserve included in trade payables and accrued liabilities	90,371		90,371		$ 136,394
Rental-related services
Revenue from Contracts with Customers
Topic 606 revenue	$ 12,172,000	$ 14,242,000	$ 23,094,000	$ 27,752,000

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Disaggregated Rental Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Revenues
Total non-lease revenues	$ 30,752,000	$ 31,324,000	$ 60,774,000	$ 62,288,000
Total leasing revenues	58,362,000	60,785,000	110,700,000	119,718,000
Total revenues	89,114,000	92,109,000	171,474,000	182,006,000
Lease inventories and fleet
Revenues
Total non-lease revenues	30,206,000	29,741,000	59,871,000	58,532,000
Manufactured units
Revenues
Total non-lease revenues	546,000	1,583,000	903,000	3,756,000
Rental revenue
Revenues
Total leasing revenues	42,021,000	42,048,000	79,248,000	83,409,000
Rental-related services
Revenues
Total non-lease revenues	12,172,000	14,242,000	23,094,000	27,752,000
Total leasing revenues	16,341,000	18,737,000	31,452,000	36,309,000
North America
Revenues
Total non-lease revenues	19,056,000	18,194,000	36,267,000	37,285,000
Total leasing revenues	40,861,000	43,972,000	77,518,000	87,639,000
Total revenues	59,917,000	62,166,000	113,785,000	124,924,000
North America | Lease inventories and fleet
Revenues
Total non-lease revenues	18,510,000	16,611,000	35,364,000	33,529,000
North America | Manufactured units
Revenues
Total non-lease revenues	546,000	1,583,000	903,000	3,756,000
North America | Rental revenue
Revenues
Total leasing revenues	28,611,000	29,823,000	53,781,000	59,241,000
North America | Rental-related services
Revenues
Total leasing revenues	12,250,000	14,149,000	23,737,000	28,398,000
North America | Operating Segments | Pac-Van Leasing
Revenues
Total non-lease revenues	18,503,000	16,576,000	35,337,000	33,494,000
Total leasing revenues	38,370,000	37,449,000	72,789,000	73,051,000
Total revenues	56,873,000	54,025,000	108,126,000	106,545,000
North America | Operating Segments | Pac-Van Leasing | Lease inventories and fleet
Revenues
Total non-lease revenues	18,503,000	16,576,000	35,337,000	33,494,000
North America | Operating Segments | Pac-Van Leasing | Rental revenue
Revenues
Total leasing revenues	27,441,000	26,530,000	51,589,000	51,784,000
North America | Operating Segments | Pac-Van Leasing | Rental-related services
Revenues
Total leasing revenues	10,929,000	10,919,000	21,200,000	21,267,000
North America | Operating Segments | Lone Star Leasing
Revenues
Total non-lease revenues	7,000	35,000	27,000	35,000
Total leasing revenues	2,556,000	6,626,000	4,877,000	15,009,000
Total revenues	2,563,000	6,661,000	4,904,000	15,044,000
North America | Operating Segments | Lone Star Leasing | Lease inventories and fleet
Revenues
Total non-lease revenues	7,000	35,000	27,000	35,000
North America | Operating Segments | Lone Star Leasing | Rental revenue
Revenues
Total leasing revenues	1,235,000	3,396,000	2,340,000	7,878,000
North America | Operating Segments | Lone Star Leasing | Rental-related services
Revenues
Total leasing revenues	1,321,000	3,230,000	2,537,000	7,131,000
North America | Operating Segments | Pac Van and Lone Star Leasing
Revenues
Total non-lease revenues	18,510,000	16,611,000	35,364,000	33,529,000
Total leasing revenues	40,926,000	44,075,000	77,666,000	88,060,000
Total revenues	59,436,000	60,686,000	113,030,000	121,589,000
North America | Operating Segments | Pac Van and Lone Star Leasing | Lease inventories and fleet
Revenues
Total non-lease revenues	18,510,000	16,611,000	35,364,000	33,529,000
North America | Operating Segments | Pac Van and Lone Star Leasing | Rental revenue
Revenues
Total leasing revenues	28,676,000	29,926,000	53,929,000	59,662,000
North America | Operating Segments | Pac Van and Lone Star Leasing | Rental-related services
Revenues
Total leasing revenues	12,250,000	14,149,000	23,737,000	28,398,000
North America | Operating Segments | Manufacturing
Revenues
Total non-lease revenues	1,890,000	3,068,000	3,515,000	6,574,000
Total revenues	1,890,000	3,068,000	3,515,000	6,574,000
North America | Operating Segments | Manufacturing | Manufactured units
Revenues
Total non-lease revenues	1,890,000	3,068,000	3,515,000	6,574,000
North America | Corporate and Intercompany Adjustments
Revenues
Total non-lease revenues	(1,344,000)	(1,485,000)	(2,612,000)	(2,818,000)
Total leasing revenues	(65,000)	(103,000)	(148,000)	(421,000)
Total revenues	(1,409,000)	(1,588,000)	(2,760,000)	(3,239,000)
North America | Corporate and Intercompany Adjustments | Manufactured units
Revenues
Total non-lease revenues	(1,344,000)	(1,485,000)	(2,612,000)	(2,818,000)
North America | Corporate and Intercompany Adjustments | Rental revenue
Revenues
Total leasing revenues	(65,000)	(103,000)	(148,000)	(421,000)
Asia-Pacific | Operating Segments | Royal Wolf Leasing
Revenues
Total non-lease revenues	11,696,000	13,130,000	24,507,000	25,003,000
Total leasing revenues	17,501,000	16,813,000	33,182,000	32,079,000
Total revenues	29,197,000	29,943,000	57,689,000	57,082,000
Asia-Pacific | Operating Segments | Royal Wolf Leasing | Lease inventories and fleet
Revenues
Total non-lease revenues	11,696,000	13,130,000	24,507,000	25,003,000
Asia-Pacific | Operating Segments | Royal Wolf Leasing | Rental revenue
Revenues
Total leasing revenues	13,410,000	12,225,000	25,467,000	24,168,000
Asia-Pacific | Operating Segments | Royal Wolf Leasing | Rental-related services
Revenues
Total leasing revenues	$ 4,091,000	$ 4,588,000	$ 7,715,000	$ 7,911,000

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Net Income per Common Share (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Summary of Significant Accounting Policies
Basic	29,774,426	30,253,075	29,734,141	30,229,164
Dilutive effect of common stock equivalents	995,610	1,284,562	910,963	1,204,110
Diluted	30,770,036	31,537,637	30,645,104	31,433,274
Potential common stock equivalents excluded from computation of diluted earnings per share	900,288	756,411	984,935	836,863

Equity Transactions (Details)

Equity Transactions (Details) - USD ($)	6 Months Ended
	Dec. 31, 2020	Jun. 30, 2020
Equity Transactions
Cumulative preferred stock, par value	$ 0.0001	$ 0.0001
Cumulative preferred stock, shares outstanding	400,100	400,100
Cumulative preferred stock, aggregate liquidation preference	$ 40,722,000	$ 40,722,000
Series B Preferred Stock
Equity Transactions
Cumulative preferred stock, dividend percentage	8.00%
Cumulative preferred stock, par value	$ 0.0001
Cumulative preferred stock, liquidation preference per share	$ 1,000
Cumulative preferred stock, shares outstanding	100	100
Cumulative preferred stock, aggregate liquidation preference	$ 102,000	$ 102,000
Cumulative preferred stock, voting rights	no voting rights
Dividends
Cumulative preferred stock, dividends	$ 113,000
Series C Preferred Stock
Equity Transactions
Cumulative preferred stock, dividend percentage	9.00%
Cumulative preferred stock, liquidation preference per share	$ 100
Cumulative preferred stock, shares outstanding	400,000	400,000
Cumulative preferred stock, aggregate liquidation preference	$ 40,620,000	$ 40,620,000
Cumulative preferred stock, redemption price per share	$ 100
Cumulative preferred stock, percentage of increase in dividend rate	2.00%
Cumulative preferred stock, amount of increase in dividend per share	$ 2
Dividends
Cumulative preferred stock, dividends	$ 27,240,000

Acquisitions (Details)

Acquisitions (Details) - USD ($)	Dec. 04, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Acquisitions
Business acquisition cost hold back and other adjustment				$ 150,000
Fair value of intangible assets acquired:
Goodwill		$ 100,398,000		100,398,000		$ 97,224,000
Incremental transaction costs		$ 15,000	$ 189,000	$ 15,000	$ 512,000
Jackson Container
Acquisitions
Payments to acquire business, gross	$ 2,004,000
Business acquisition cost hold back and other adjustment	150,000
Fair value of the net tangible assets acquired and liabilities assumed:
Inventories	388,000
Property, plant and equipment	204,000
Lease fleet	1,414,000
Unearned revenue and advance payments	(133,000)
Total net tangible assets acquired and liabilities assumed	1,873,000
Fair value of intangible assets acquired:
Goodwill	8,000
Total intangible assets acquired	131,000
Total purchase consideration	2,004,000
Jackson Container | Non-compete agreement
Fair value of intangible assets acquired:
Total intangible assets acquired	13,000
Jackson Container | Customer lists/relationships
Fair value of intangible assets acquired:
Total intangible assets acquired	$ 110,000

Senior and Other Debt - ANZ_CBA

Senior and Other Debt - ANZ/CBA Credit Facility and North America Leasing Senior Credit Facility (Details)	6 Months Ended
	Dec. 31, 2020AUD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Australian Dollar
Senior and Other Debt
Foreign currency exchange rate, translation	0.770905		0.770905
New Zealand Dollar
Senior and Other Debt
Foreign currency exchange rate, translation	0.721448		0.721448
Wells Fargo Credit Facility
Senior and Other Debt
Payment of intercompany dividends from Pac-Van and Lone Star		$ 5,000,000
Pac-Van | Wells Fargo Credit Facility
Senior and Other Debt
Borrowings under credit facility			$ 172,383,000
Availability under ANZ credit facility			$ 87,883,000
Maximum | Wells Fargo Credit Facility
Senior and Other Debt
Unused commitment fee percentage	0.375%	0.375%
Minimum | Wells Fargo Credit Facility
Senior and Other Debt
Fixed charge coverage ratio	1.25		1.25
Unused commitment fee percentage	0.25%	0.25%
Series C Preferred Stock | Wells Fargo Credit Facility
Senior and Other Debt
Payment of intercompany dividends from Pac-Van and Lone Star		$ 5,000,000
North America | Senior Secured Revolving Credit Facility
Senior and Other Debt
Line of credit facility maximum borrowing capacity			$ 285,000,000
North America | Wells Fargo Credit Facility
Senior and Other Debt
Line of Credit Facility Additional Increase in Maximum Borrowing Capacity		25,000,000
Unsecured senior notes | Wells Fargo Credit Facility
Senior and Other Debt
Payment of intercompany dividends from Pac-Van and Lone Star		$ 8,000,000
LIBOR | Wells Fargo Credit Facility
Senior and Other Debt
Interest rate	0.50%	0.50%
LIBOR | Maximum | Wells Fargo Credit Facility
Senior and Other Debt
Interest rate	3.00%	3.00%
LIBOR | Minimum | Wells Fargo Credit Facility
Senior and Other Debt
Interest rate	2.50%	2.50%
ANZ/CBA Credit Facility
Senior and Other Debt
Line of credit facility maximum borrowing capacity	$ 150,000,000
Deutsche Bank Credit Facility
Senior and Other Debt
Borrowings under credit facility	158,198,000		121,956,000
Debt instrument, financing fees	2,871,400	$ 2,213,600
Debt instrument, fee	1,051,600	$ 810,700
Cash available at bank	$ 47,415,000		36,552,000
Deutsche Bank Credit Facility | Maximum
Senior and Other Debt
Debt instrument, prepayment penalties percentage	1.00%	1.00%
Interest rate	5.50%	5.50%
Deutsche Bank Credit Facility | Minimum
Senior and Other Debt
Interest rate	4.25%	4.25%
Deutsche Bank Credit Facility A
Senior and Other Debt
Borrowings under credit facility	$ 43,000,000		33,148,900
Deutsche Bank Credit Facility B
Senior and Other Debt
Borrowings under credit facility	116,500,000		89,810,400
Deutsche Bank Credit Facility C
Senior and Other Debt
Borrowings under credit facility	20,000,000		15,418,100
Deutsche Bank Credit Facility D
Senior and Other Debt
Borrowings under credit facility	$ 37,500,000		$ 28,908,900

Senior and Other Debt - Bison C

Senior and Other Debt - Bison Capital Notes and Credit Suisse Term Loan (Details)

Jun. 22, 2020USD ($)$ / shares

Sep. 10, 2018USD ($)shares

Jun. 30, 2020USD ($)shares

Dec. 31, 2020USD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2020USD ($)contract$ / sharesshares

Dec. 31, 2019USD ($)

Dec. 31, 2020AUD ($)

Jun. 30, 2019USD ($)

Mar. 25, 2019USD ($)

Mar. 25, 2019AUD ($)

Sep. 25, 2017USD ($)shares

Sep. 19, 2017USD ($)

Senior and Other Debt

Debt instrument principal amount converted into shares | shares

3,058,824

Fair value of bifurcated derivative

$ 18,325,000

$ 16,424,000

$ 16,424,000

Gain loss on fair value of embedded derivatives liability

2,584,000

$ 3,902,000

1,901,000

$ 4,894,000

Convertible Notes Teachers Insurance And Association Of America

Senior and Other Debt

Principal amount

$ 7,750,000

Convertible Notes General Electric Pension Trust

Senior and Other Debt

Principal amount

7,750,000

Bison Capital Convertible Notes

Senior and Other Debt

Fair value of bifurcated derivative

16,424,000

16,424,000

Principal amount

$ 10,500,000

Deutsche Bank Credit Facility

Senior and Other Debt

Borrowings outstanding under credit facility

121,956,000

$ 121,956,000

$ 158,198,000

LIBOR | Wells Fargo Credit Facility

Senior and Other Debt

Interest rate

0.50%

Minimum | Deutsche Bank Credit Facility

Senior and Other Debt

Interest rate

4.25%

Minimum | LIBOR | Wells Fargo Credit Facility

Senior and Other Debt

Interest rate

2.50%

Maximum | Deutsche Bank Credit Facility

Senior and Other Debt

Interest rate

5.50%

Maximum | LIBOR | Wells Fargo Credit Facility

Senior and Other Debt

Interest rate

3.00%

Bison Capital Notes

Senior and Other Debt

Debt Instrument, convertible, stock price trigger | $ / shares

$ 8.50

Debt instrument, convertible, threshold percentage of stock price trigger

150.00%

Debt instrument, convertible, threshold consecutive trading days | contract

30

Debt instrument, convertible, converted value in excess of principal

$ 600,000

Bison Capital Notes | Minimum

Senior and Other Debt

Proceeds from convertible debt

$ 48,900,000

Bison Capital Notes | Royal Wolf Holdings

Senior and Other Debt

Business acquisition, shares to be acquired | shares

49,188,526

Senior Secured Convertible Promissory Notes

Senior and Other Debt

Interest rate of senior notes

11.90%

Debt instrument principal amount converted into shares | shares

3,058,824

2,147,059

Fair value of bifurcated derivative

$ 44,506,000

$ 1,864,000

Amount of bifurcated derivative extinguished upon conversion

$ 20,370,000

Principal amount

$ 26,000,000

$ 26,000,000

24,136,000

$ 26,000,000

Treasury shares bought back during the period | shares

911,765

Treasury shares bought back share price | $ / shares

$ 6.40

Payment to acquire treasury shares

$ 5,835,000

Minimum return derivative liability carrying value

6,843,000

Treasury shares bought back costs

10,000

Senior Secured Convertible Promissory Notes | Loss Gain On Embedded Derivatives One

Senior and Other Debt

Gain loss on fair value of embedded derivatives liability

436,000

Senior Secured Convertible Promissory Notes | Loss Gain On Embedded Derivatives Two

Senior and Other Debt

Gain loss on fair value of embedded derivatives liability

$ 1,081,000

Senior Secured Convertible Promissory Notes | Debt Instrument Minimum Rate of Return

Senior and Other Debt

Fair value of bifurcated derivative

$ 8,918,000

Senior Secured Convertible Promissory Notes | Minimum

Senior and Other Debt

Debt instrument, convertible, conversion ratio

1.75

Senior Secured Convertible Promissory Notes | Maximum

Senior and Other Debt

Fair value of bifurcated derivative

$ 29,288,000

Senior Secured Promissory Notes

Senior and Other Debt

Interest rate of senior notes

11.90%

Principal amount

$ 54,000,000

Senior Secured Promissory Notes | Deutsche Bank Credit Facility

Senior and Other Debt

Principal amount

$ 63,311,000

$ 89,804,000

Senior and Other Debt - Senior

Senior and Other Debt - Senior Notes and Other Debt (Details) - USD ($)	Nov. 16, 2020	Oct. 27, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 30, 2020	Nov. 30, 2020	Apr. 24, 2017	Jun. 18, 2014
Senior and Other Debt
Underwriting discounts and offering costs	$ 3,147,000
Equipment Financing and Other
Senior and Other Debt
Other debt			$ 11,725,000		$ 11,725,000
Unsecured senior notes
Senior and Other Debt
Notes issued denominations and multiples of denominations										$ 25
Senior Notes 8.125%
Senior and Other Debt
Aggregate principal amount of notes issued							$ 65,800,000
Fixed charge coverage ratio			2		2
Senior Notes 8.125% | Unsecured senior notes
Senior and Other Debt
Aggregate principal amount of notes issued							$ 11,590,000		$ 5,390,000	72,000,000
Notes issued denominations and multiples of denominations										$ 25
Notes issued denominations									$ 24.95
Unamortized debt issuance costs								$ 386,000
2025 Senior Notes
Senior and Other Debt
Net proceeds	65,853,000
2025 Senior Notes | Public Offering
Senior and Other Debt
Aggregate principal amount of notes issued		$ 60,000,000
Percentage of notes sold		100.00%
2025 Senior Notes | Prior to October 31, 2022
Senior and Other Debt
Senior notes redemption percentage on principal amount					104.50%
2025 Senior Notes | Unsecured senior notes
Senior and Other Debt
Notes issued denominations and multiples of denominations	25
Unamortized debt issuance costs			$ 65,958,000		$ 65,958,000
Interest rate of senior notes			7.875%		7.875%
2025 Senior Notes | Unsecured senior notes | Over allotment
Senior and Other Debt
Aggregate principal amount of notes issued	$ 9,000,000
Percentage of notes sold	100.00%
2025 Senior Notes | Unsecured senior notes | Prior to October 31, 2022
Senior and Other Debt
Senior notes redemption percentage on principal amount					35.00%
Redemption price percentage on principal amount plus accrued and unpaid interest					107.875%
2021 Senior Notes
Senior and Other Debt
Amount of debt redeemed	$ 65,800,000
Other | Asia-Pacific
Senior and Other Debt
Weighted-average interest rate			7.30%	7.70%	7.30%	7.80%
Other | North America
Senior and Other Debt
Weighted-average interest rate			5.90%	5.80%	5.20%	6.00%

Financial Instruments - Financi

Financial Instruments - Financial Statement Classification of Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Foreign-Exchange Contracts | Unrealized foreign currency exchange loss included in "Foreign exchange and other"
Financial Instruments
Unrealized gain (loss) on derivatives	$ (1,209)	$ (587)	$ (942)	$ (256)
Bifurcated Derivatives | Change in valuation of bifurcated derivatives in Convertible Note
Financial Instruments
Unrealized gain (loss) on derivatives	2,584	$ 3,902	1,901	$ 4,894
Level 2 | Interest Rate Swap Contract | Trade payables and accrued liabilities
Financial Instruments
Derivative liabilities	3,597		3,597		$ 3,456
Level 2 | Foreign-Exchange Contracts | Trade payables and accrued liabilities
Financial Instruments
Derivative liabilities	1,251		1,251		258
Level 2 | Bifurcated Derivatives | Fair value of bifurcated derivatives in Convertible Note
Financial Instruments
Derivative liabilities	$ 16,424		$ 16,424		$ 18,325

Financial Instruments - Interes

Financial Instruments - Interest Rate Swap Contract (Details) - Interest Rate Swap Contract	6 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2017contract
Financial Instruments
Number of derivative contracts held | contract				2
Gain (loss) on ineffective portion of cash flow hedge	$ 0	$ 0
Notional amounts	$ 77,091,000		$ 68,777,000
Fixed/Strike Rates	7.17%		7.17%
Floating Rates	5.35%		5.35%
Fair Value of Combined Contracts	$ (3,597,000)		$ (3,456,000)

Financial Instruments - Foreign

Financial Instruments - Foreign Currency Risk (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2020USD ($)contract$ / $	Dec. 31, 2019USD ($)	Dec. 31, 2020USD ($)contract$ / $	Dec. 31, 2019USD ($)	Jun. 30, 2020USD ($)contract$ / $
Financial Instruments
Unrealized foreign exchange gains (losses)	$ 146,000	$ 881,000	$ 143,000	$ (5,000)
Realized foreign exchange gains (losses)	$ (10,000)	$ (28,000)	$ 51,000	$ (45,000)
Foreign-Exchange Contracts
Financial Instruments
Number of derivative contracts held | contract	43		43		13
Notional amounts	$ 18,802,000		$ 18,802,000		$ 3,087,000
Fair Value of Combined Contracts	$ (1,251,000)		$ (1,251,000)		$ (258,000)
Foreign-Exchange Contracts | Minimum
Financial Instruments
Exchange/Strike Rates (AUD to USD) | $ / $	0.65125		0.65125		0.56516
Foreign-Exchange Contracts | Maximum
Financial Instruments
Exchange/Strike Rates (AUD to USD) | $ / $	0.72944		0.72944		0.68863

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Other Financial Instruments (Details)	Jun. 30, 2020USD ($)
Senior credit facilities
Financial Instruments
Debt instrument, gross amount	$ 372,697,000
Deferred financing cost	896,000
Level 3 | Senior credit facilities
Financial Instruments
Fair value of borrowings	366,554,000
Level 3 | Other debt
Financial Instruments
Fair value of borrowings	$ 7,997,000

Related-Party Transactions (Det

Related-Party Transactions (Details)	Mar. 01, 2019USD ($)ft²	May 12, 2017USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Aug. 04, 2020	Aug. 07, 2017	Oct. 11, 2012	Mar. 01, 2009item
Related-Party Transactions
Aggregate rental payments			$ 40,000	$ 38,000		$ 76,000
Affiliate of Chief Executive Officer
Related-Party Transactions
Monthly rental expense	$ 7,393
Aggregate rental payments			$ 28,000	$ 28,000	$ 55,000	$ 55,000
Area of rented office space | ft²	3,000
Term of lease										5 years
Number of renewal options | item										2
Term of lease renewal								5 years	5 years	5 years
Pac Van Las Vegas
Related-Party Transactions
Monthly rental expense		$ 10,876
Aggregate rental payments					$ 80,000
Term of lease		2 years
Term of lease renewal							2 years
Pac Van Las Vegas | Minimum
Related-Party Transactions
Increase in monthly lease expense at renewal		$ 11,420
Pac Van Las Vegas | Maximum
Related-Party Transactions
Increase in monthly lease expense at renewal		$ 12,590

Equity Plans - Summary of Plans

Equity Plans - Summary of Plans (Details) - shares	Dec. 07, 2017	Dec. 31, 2020	Sep. 11, 2014
Equity Plans
Number of shares available for grant		362,889
Predecessor Plans
Equity Plans
Shares reserved for issuance			2,500,000
2014 Plan
Equity Plans
Shares reserved for issuance	2,500,000		1,500,000
Increase in number of shares reserved for issuance	1,000,000

Equity Plans - Fair Value of St

Equity Plans - Fair Value of Stock Options Granted (Details) - Stock options $ / shares in Units, $ in Thousands	6 Months Ended
	Dec. 31, 2020USD ($)$ / shares
Assumptions used:
Risk-free interest rate, minimum	1.19%
Risk-free interest rate, maximum	4.80%
Expected life (in years)	7 years 6 months
Expected volatility, minimum	26.50%
Expected volatility, maximum	84.60%
Expected dividends | $	$ 0
Minimum
Equity Plans
Fair value of stock options	$ 0.81
Maximum
Equity Plans
Fair value of stock options	$ 6.35

Equity Plans - Stock Option Act

Equity Plans - Stock Option Activity and Related Information (Details) - $ / shares	3 Months Ended				6 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2020
Number of Options (Shares)
Outstanding beginning balance		1,599,541			1,599,541
Exercised	(18,000)	(132,100)	(2,500)	(47,500)	(150,100)
Outstanding ending balance	1,449,441				1,449,441
Vested and expected to vest	1,449,441				1,449,441
Exercisable	1,444,945				1,444,945
Weighted-Average Exercise Price
Outstanding beginning balance		$ 4.54			$ 4.54
Exercised					1.26
Outstanding ending balance	$ 4.88				4.88
Vested and expected to vest	4.88				4.88
Exercisable	$ 4.87				$ 4.87
Weighted-Average Remaining Contractual Term (Years)
Outstanding					4 years 1 month 6 days
Vested and expected to vest					4 years 1 month 6 days
Exercisable					4 years 1 month 6 days

Equity Plans - Stock based opti

Equity Plans - Stock based option (Details) - USD ($)	6 Months Ended
	Dec. 31, 2020	Jun. 30, 2020
Equity Plans
Outstanding stock options	1,449,441	1,599,541
Market price of common stock	$ 8.51
Intrinsic value of the outstanding stock options	$ 5,311,000
Stock options
Equity Plans
Share-based compensation recognized in statements of operations	9,616,000
Unrecognized compensation expense to be recorded on a straight-line basis	$ 16,000
Remaining vesting period	2 years
Time-based options
Equity Plans
Outstanding stock options	1,029,095
Performance-based options
Equity Plans
Outstanding stock options	420,346

Equity Plans - Summary of restr

Equity Plans - Summary of restricted stock and RSU activity (Details) - USD ($)	3 Months Ended				6 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2020
Shares
Granted			27,985
Restricted Stock
Shares
Non-vested beginning balance		408,099			408,099
Granted					34,480
Vested	(34,480)	(74,359)		(55,957)	(27,985)
Non-vested ending balance	414,594				414,594
Weighted-Average Grant Date Fair Value
Non-vested beginning balance		$ 8			$ 8
Granted					8.70
Vested					10.72
Non-vested ending balance	$ 7.88				$ 7.88
Share-based compensation recognized in statements of operations					$ 6,824,000
Unrecognized compensation expense to be recorded on a straight-line basis	$ 2,453,000				$ 2,453,000
Remaining vesting period					2 years 8 months 8 days
RSU
Shares
Non-vested beginning balance		108,928			108,928
Vested					(74,359)
Forfeited					(2,706)
Non-vested ending balance	31,863				31,863
Weighted-Average Grant Date Fair Value
Non-vested beginning balance		$ 8.18			$ 8.18
Vested					7.45
Forfeited					9.49
Non-vested ending balance	$ 9.76				$ 9.76
Share-based compensation recognized in statements of operations					$ 1,554,000
Unrecognized compensation expense to be recorded on a straight-line basis	$ 257,000				$ 257,000
Remaining vesting period					2 years 1 month 9 days

Commitments and Contingencies -

Commitments and Contingencies - Operating Leases (Details) - USD ($)	Dec. 31, 2020	Jun. 30, 2020	Jul. 01, 2019
Commitments and Contingencies
Operating lease assets	$ 78,532,000	$ 66,225,000	$ 70,797,000
Operating lease liabilities	80,115,000	67,142,000	71,298,000
Future payments of operating lease liabilities
2021	12,568,000	11,628,000
2022	11,647,000	10,336,000
2023	9,997,000	9,121,000
2024	8,808,000	7,858,000
2025	7,918,000	6,750,000
Thereafter	72,979,000	57,190,000
Total commitments	123,917,000	102,883,000
Less - effect of discounting	(43,802,000)	(35,741,000)
Operating lease liabilities	$ 80,115,000	$ 67,142,000	$ 71,298,000

Commitments and Contingencies_2

Commitments and Contingencies - Operating Lease Activity (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Expense:
Short-term lease expense	$ 833	$ 898	$ 1,655	$ 1,823
Fixed lease expense	3,572	3,267	7,096	6,490
Variable lease expense	398	467	789	730
Sublease income	(1,199)	(1,286)	(2,279)	(2,449)
Total lease expense	3,604	3,346	7,261	6,594
Cash paid and new or modified operating lease information:
Operating cash flows from operating leases	3,328	3,028	6,558	5,960
Net operating lease assets obtained in exchange for new or modified operating lease liabilities	$ 965	$ 2,328	$ 11,791	$ 3,709
Weighted average remaining lease term	13 years 4 months 24 days		13 years 4 months 24 days		12 years 7 months 6 days
Weighted average discount rate operating leases	6.40%		6.40%		6.30%

Commitments and Contingencies_3

Commitments and Contingencies - Finance Leases (Details) - USD ($)	Dec. 31, 2020	Jun. 30, 2020
Commitments and Contingencies
Assets under finance lease gross	$ 12,495,000	$ 8,650,000
Assets under finance lease accumulated amortization	3,432,000	2,871,000
Assets under finance lease net	$ 9,063,000	$ 5,779,000

Commitments and Contingencies_4

Commitments and Contingencies - Self Insurance (Details) - Self Insured Liabilities - USD ($)	Feb. 01, 2017	Dec. 31, 2020	Jun. 30, 2020
Commitments and Contingencies
Reported liability		$ 1,341,000	$ 1,278,000
Maximum
Commitments and Contingencies
Insurance liabilities per policy period	$ 1,200,000

Cash Flows from Operating Act_3

Cash Flows from Operating Activities and Other Financial Information (Details) - USD ($)	3 Months Ended				6 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 9,256,000	$ 4,083,000	$ 10,441,000	$ 5,951,000	$ 13,339,000	$ 16,392,000
Adjustments to reconcile net income loss to cash flows from operating activities:
Gain on sales and disposals of property, plant and equipment					(274,000)	(177,000)
Gain on sales of lease fleet					(5,701,000)	(4,738,000)
Unrealized foreign exchange loss (gain)	(146,000)		(881,000)		(143,000)	5,000
Unrealized loss on forward exchange contracts					942,000	256,000
Change in valuation of bifurcated derivatives in Convertible Notes	(2,584,000)		(3,902,000)		(1,901,000)	(4,894,000)
Depreciation and amortization	9,495,000		8,706,000		18,660,000	18,218,000
Amortization of deferred financing costs					1,248,000	927,000
Share-based compensation expense	$ 514,000		$ 685,000		1,038,000	1,368,000
Deferred income taxes					2,841,000	5,242,000
Changes in operating assets and liabilities (excluding assets and liabilities from acquisitions):
Trade and other receivables, net					2,872,000	4,872,000
Inventories					2,060,000	(2,316,000)
Prepaid expenses and other					(2,328,000)	(588,000)
Trade payables, accrued liabilities and unearned revenues					(2,953,000)	3,091,000
Income taxes					123,000	(198,000)
Net cash provided by operating activities					$ 29,823,000	$ 37,460,000

Segment Reporting - Segment Rep

Segment Reporting - Segment Reporting Information (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2020USD ($)itemsegment	Dec. 31, 2019USD ($)	Jun. 30, 2020USD ($)	Jul. 01, 2019USD ($)
Segment Reporting
Number of geographic areas | item			2
Number of operating segments | segment			4
Revenues:
Sales	$ 30,752,000	$ 31,324,000	$ 60,774,000	$ 62,288,000
Leasing	58,362,000	60,785,000	110,700,000	119,718,000
Total revenues	89,114,000	92,109,000	171,474,000	182,006,000
Share-based compensation	514,000	685,000	1,038,000	1,368,000
Depreciation and amortization	9,495,000	8,706,000	18,660,000	18,218,000
Operating income	16,655,000	17,019,000	27,960,000	31,949,000
Interest income	151,000	180,000	302,000	366,000
Interest expense	6,686,000	6,930,000	12,383,000	14,254,000
Additions to long-lived assets			29,970,000	38,084,000
Long-lived assets	499,083,000		499,083,000		$ 483,123,000
Operating lease assets	78,532,000		78,532,000		66,225,000	$ 70,797,000
Goodwill	100,398,000		100,398,000		97,224,000
North America
Revenues:
Sales	19,056,000	18,194,000	36,267,000	37,285,000
Leasing	40,861,000	43,972,000	77,518,000	87,639,000
Total revenues	59,917,000	62,166,000	113,785,000	124,924,000
Share-based compensation	466,000	502,000	942,000	1,002,000
Depreciation and amortization	6,268,000	5,650,000	12,404,000	11,209,000
Operating income	11,627,000	12,373,000	18,657,000	24,600,000
Interest income		1,000		2,000
Interest expense	4,405,000	4,253,000	7,615,000	8,762,000
Additions to long-lived assets			23,118,000	30,177,000
Long-lived assets	359,403,000		359,403,000		353,406,000
Operating lease assets	26,668,000		26,668,000		28,554,000
Goodwill	71,839,000		71,839,000		71,745,000
Operating Segments | North America | Pac-Van Leasing
Revenues:
Sales	18,503,000	16,576,000	35,337,000	33,494,000
Leasing	38,370,000	37,449,000	72,789,000	73,051,000
Total revenues	56,873,000	54,025,000	108,126,000	106,545,000
Share-based compensation	119,000	106,000	238,000	211,000
Depreciation and amortization	4,186,000	4,079,000	8,224,000	8,099,000
Operating income	14,653,000	13,412,000	25,007,000	25,190,000
Interest expense	1,599,000	2,428,000	3,060,000	5,057,000
Additions to long-lived assets			23,311,000	29,645,000
Long-lived assets	330,624,000		330,624,000		320,956,000
Operating lease assets	23,956,000		23,956,000		25,602,000
Goodwill	65,217,000		65,217,000		65,123,000
Operating Segments | North America | Lone Star Leasing
Revenues:
Sales	7,000	35,000	27,000	35,000
Leasing	2,556,000	6,626,000	4,877,000	15,009,000
Total revenues	2,563,000	6,661,000	4,904,000	15,044,000
Share-based compensation	15,000	12,000	30,000	24,000
Depreciation and amortization	2,161,000	1,653,000	4,339,000	3,270,000
Operating income	(1,512,000)	650,000	(3,421,000)	2,541,000
Interest expense	44,000	78,000	65,000	205,000
Additions to long-lived assets			42,000	813,000
Long-lived assets	36,640,000		36,640,000		40,234,000
Operating lease assets	2,311,000		2,311,000		2,441,000
Goodwill	6,622,000		6,622,000		6,622,000
Operating Segments | North America | Pac Van and Lone Star Leasing
Revenues:
Sales	18,510,000	16,611,000	35,364,000	33,529,000
Leasing	40,926,000	44,075,000	77,666,000	88,060,000
Total revenues	59,436,000	60,686,000	113,030,000	121,589,000
Share-based compensation	134,000	118,000	268,000	235,000
Depreciation and amortization	6,347,000	5,732,000	12,563,000	11,369,000
Operating income	13,141,000	14,062,000	21,586,000	27,731,000
Interest expense	1,643,000	2,506,000	3,125,000	5,262,000
Additions to long-lived assets			23,353,000	30,458,000
Long-lived assets	367,264,000		367,264,000		361,190,000
Operating lease assets	26,267,000		26,267,000		28,043,000
Goodwill	71,839,000		71,839,000		71,745,000
Operating Segments | North America | Manufacturing
Revenues:
Sales	1,890,000	3,068,000	3,515,000	6,574,000
Total revenues	1,890,000	3,068,000	3,515,000	6,574,000
Share-based compensation	12,000	9,000	24,000	18,000
Depreciation and amortization	101,000	97,000	200,000	198,000
Operating income	(154,000)	(203,000)	(371,000)	(27,000)
Interest expense	13,000	30,000	25,000	66,000
Additions to long-lived assets			67,000	32,000
Long-lived assets	1,228,000		1,228,000		1,361,000
Operating lease assets	183,000		183,000		244,000
Operating Segments | Asia-Pacific | Royal Wolf Leasing
Revenues:
Sales	11,696,000	13,130,000	24,507,000	25,003,000
Leasing	17,501,000	16,813,000	33,182,000	32,079,000
Total revenues	29,197,000	29,943,000	57,689,000	57,082,000
Share-based compensation	48,000	183,000	96,000	366,000
Depreciation and amortization	3,227,000	3,056,000	6,256,000	7,009,000
Operating income	5,028,000	4,646,000	9,303,000	7,349,000
Interest income	151,000	179,000	302,000	364,000
Interest expense	2,281,000	2,677,000	4,768,000	5,492,000
Additions to long-lived assets			6,852,000	7,907,000
Long-lived assets	139,680,000		139,680,000		129,717,000
Operating lease assets	51,864,000		51,864,000		37,671,000
Goodwill	28,559,000		28,559,000		25,479,000
Corporate and Intercompany Adjustments | North America
Revenues:
Sales	(1,344,000)	(1,485,000)	(2,612,000)	(2,818,000)
Leasing	(65,000)	(103,000)	(148,000)	(421,000)
Total revenues	(1,409,000)	(1,588,000)	(2,760,000)	(3,239,000)
Share-based compensation	320,000	375,000	650,000	749,000
Depreciation and amortization	(180,000)	(179,000)	(359,000)	(358,000)
Operating income	(1,360,000)	(1,486,000)	(2,558,000)	(3,104,000)
Interest income		1,000		2,000
Interest expense	2,749,000	$ 1,717,000	4,465,000	3,434,000
Additions to long-lived assets			(302,000)	$ (313,000)
Long-lived assets	(9,089,000)		(9,089,000)		(9,145,000)
Operating lease assets	$ 218,000		$ 218,000		$ 267,000

Segment Reporting - Intersegmen

Segment Reporting - Intersegment Net Revenues (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Intersegment sales from Southern Frac to the North American leasing operations
Segment Reporting
Intersegment net revenues	$ 1,344,000	$ 1,485,000	$ 2,612,000	$ 2,818,000
Intersegment sales from Pac-Van to Lone Star
Segment Reporting
Intersegment net revenues	$ 32,000	$ 70,000	$ 82,000	$ 355,000

Subsequent Events - (Details)

Subsequent Events - (Details) - Subsequent Events	Jan. 15, 2021USD ($)$ / shares
Unsecured senior notes | 2021 Senior Notes
Subsequent Events
Outstanding principal amount redeemed | $	$ 11,590,000
Redemption price as a percentage of the original principal amount	100.00%
Series C Preferred Stock
Subsequent Events
Cash dividend, per share | $ / shares	$ 2.30