General Finance (GFNCP) 10-Q 10 Feb 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Dec. 31, 2019	Feb. 06, 2020
Document Information [Line Items]
Document Type	10-Q
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	General Finance CORP
Entity Central Index Key	0001342287
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Common Stock, Shares Outstanding		30,605,348
Entity Address, State or Province	DE
Entity Address, Country	CA
Entity Emerging Growth Company	false
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	GFN
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	GFNCP
Title of 12(b) Security	9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (Liquidation Preference $100 per share)
Security Exchange Name	NASDAQ
Senior Notes Due [Member]
Document Information [Line Items]
Trading Symbol	GFNSL
Title of 12(b) Security	8.125% Senior Notes due 2021
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Assets
Cash and cash equivalents	$ 10,067	$ 10,359
Trade and other receivables, net of allowance for doubtful accounts of $5,490 and $5,359 at June 30, 2019 and December 31, 2019, respectively	51,372	56,204
Inventories	31,436	29,077
Prepaid expenses and other	9,383	9,823
Property, plant and equipment, net	24,578	22,895
Lease fleet, net	466,274	456,822
Operating lease assets	70,149
Goodwill	111,275	111,323
Other intangible assets, net	19,743	21,809
Total assets	794,277	718,312
Liabilities
Trade payables and accrued liabilities	43,843	48,460
Income taxes payable	302	506
Unearned revenue and advance payments	29,028	22,671
Operating lease liabilities	70,727
Senior and other debt, net	398,423	411,141
Fair value of bifurcated derivatives in Convertible Note	14,888	19,782
Deferred tax liabilities	44,114	38,711
Total liabilities	601,325	541,271
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, 2019 and December 31, 2019	40,100	40,100
Common stock, $.0001 par value: 100,000,000 shares authorized; 30,471,406 shares issued and outstanding at June 30, 2019 and 30,604,348 at December 31, 2019	3	3
Additional paid-in capital	183,555	183,933
Accumulated other comprehensive loss	(18,858)	(18,755)
Accumulated deficit	(12,352)	(28,744)
Total General Finance Corporation stockholders' equity	192,448	176,537
Equity of noncontrolling interests	504	504
Total equity	192,952	177,041
Total liabilities and equity	$ 794,277	$ 718,312

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts on trade and other receivables	$ 5,359	$ 5,490
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, liquidation value	$ 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	30,604,348	30,471,406
Common stock, shares outstanding	30,604,348	30,471,406

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenues
Sales	$ 31,324	$ 34,484	$ 62,288	$ 73,958
Leasing	60,785	63,509	119,718	121,827
Total revenues	92,109	97,993	182,006	195,785
Costs and expenses
Manufactured units	1,637	2,271	3,464	5,369
Direct costs of leasing operations	22,761	23,574	45,619	45,928
Selling and general expenses	20,483	20,350	41,138	39,663
Depreciation and amortization	8,609	11,054	18,020	21,055
Operating income	17,019	17,455	31,949	33,660
Interest income	180	33	366	81
Interest expense	(6,930)	(8,868)	(14,254)	(17,493)
Change in valuation of bifurcated derivatives in Convertible Note (Note 5)	3,902	(9,332)	4,894	(21,698)
Foreign exchange and other	264	(1,782)	(309)	(3,293)
Total costs and expenses	(2,584)	(19,949)	(9,303)	(42,403)
Income (loss) before provision for income taxes	14,435	(2,494)	22,646	(8,743)
Provision for income taxes	3,994	1,712	6,254	3,627
Net income (loss)	10,441	(4,206)	16,392	(12,370)
Preferred stock dividends	(922)	(922)	(1,844)	(1,844)
Net loss attributable to common stockholders	$ 9,519	$ (5,128)	$ 14,548	$ (14,214)
Net income (loss) per common share:
Basic	$ 0.31	$ (0.17)	$ 0.48	$ (0.50)
Diluted	$ 0.30	$ (0.17)	$ 0.46	$ (0.50)
Weighted average shares outstanding:
Basic	30,253,075	29,907,679	30,229,164	28,649,451
Diluted	31,537,637	29,907,679	31,433,274	28,649,451
Lease inventories and fleet [Member]
Revenues
Sales	$ 29,741	$ 31,813	$ 58,532	$ 67,449
Costs and expenses
Lease inventories and fleet (exclusive of the items shown separately below)	21,600	23,289	41,816	50,110
Manufactured units [Member]
Revenues
Sales	$ 1,583	$ 2,671	$ 3,756	$ 6,509

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income/Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 10,441	$ (4,206)	$ 16,392	$ (12,370)
Other comprehensive income (loss):
Change in fair value change of interest rate swap, net of income tax effect of $46 and $88 and $246 and $16 in the quarter and six months ended December 31, 2018 and 2019, respectively	421	(21)	(37)	(35)
Cumulative translation adjustment	1,728	(783)	(66)	(442)
Total comprehensive income (loss)	12,590	(5,010)	16,289	(12,847)
Allocated to noncontrolling interests
Comprehensive income (loss) allocable to General Finance Corporation stockholders	$ 12,590	$ (5,010)	$ 16,289	$ (12,847)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income/Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Change in fair value change of interest rate swap, income tax provision (benefit)	$ 246	$ 46	$ 16	$ 88

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]	Total General Finance Corporation Stockholders' Equity [Member]	Equity of Noncontrolling Interests [Member]	Cumulative Preferred Stock [Member]
Balance at Jun. 30, 2018	$ 141,785	$ 3	$ 139,547	$ (17,091)	$ (21,278)	$ 141,281	$ 504	$ 40,100
Share-based compensation	678		678			678
Preferred stock dividends	(922)		(922)			(922)
Issuance of shares of common stock on exercises of stock options	634		634			634
Forced conversion of Convertible Note into 3,058,824 shares of common stock (Note 5)
Forced conversion of Convertible Note into shares of common stock (Note 5)	44,506		44,506			44,506
Net Income (loss)	(8,164)				(8,164)	(8,164)
Fair value change in derivative, net of related tax effect	(14)			(14)		(14)
Cumulative translation adjustment	341			341		341
Total comprehensive income (loss)	(7,837)					(7,837)
Balance at Sep. 30, 2018	178,844	3	184,443	(16,764)	(29,442)	178,340	504	40,100
Balance at Jun. 30, 2018	141,785	3	139,547	(17,091)	(21,278)	141,281	504	40,100
Net Income (loss)	(12,370)
Fair value change in derivative, net of related tax effect	(35)
Cumulative translation adjustment	(442)
Total comprehensive income (loss)	(12,847)
Balance at Dec. 31, 2018	173,797	3	184,406	(17,568)	(33,648)	173,293	504	40,100
Balance at Sep. 30, 2018	178,844	3	184,443	(16,764)	(29,442)	178,340	504	40,100
Share-based compensation	663		663			663
Preferred stock dividends	(922)		(922)			(922)
Issuance of shares of common stock on exercises of stock options	222		222			222
Forced conversion of Convertible Note into 3,058,824 shares of common stock (Note 5)
Net Income (loss)	(4,206)				(4,206)	(4,206)
Fair value change in derivative, net of related tax effect	(21)			(21)		(21)
Cumulative translation adjustment	(783)			(783)		(783)
Total comprehensive income (loss)	(5,010)					(5,010)
Balance at Dec. 31, 2018	173,797	3	184,406	(17,568)	(33,648)	173,293	504	40,100
Balance at Jun. 30, 2019	177,041	3	183,933	(18,755)	(28,744)	176,537	504	40,100
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
Forced conversion of Convertible Note into 3,058,824 shares of common stock (Note 5)
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 (loss)	3,699					3,699
Balance at Sep. 30, 2019	180,586	3	183,779	(21,007)	(22,793)	180,082	504	40,100
Balance at Jun. 30, 2019	177,041	3	183,933	(18,755)	(28,744)	176,537	504	40,100
Net Income (loss)	16,392
Fair value change in derivative, net of related tax effect	(37)
Cumulative translation adjustment	(66)
Total comprehensive income (loss)	16,289
Balance at Dec. 31, 2019	192,952	3	183,555	(18,858)	(12,352)	192,448	504	40,100
Balance at Sep. 30, 2019	180,586	3	183,779	(21,007)	(22,793)	180,082	504	40,100
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
Forced conversion of Convertible Note into 3,058,824 shares of common stock (Note 5)
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 (loss)	12,590					12,590
Balance at Dec. 31, 2019	$ 192,952	$ 3	$ 183,555	$ (18,858)	$ (12,352)	$ 192,448	$ 504	$ 40,100

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Unaudited) (Parenthetical) - shares	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Issuance of shares of common stock on exercises of stock options	2,500	41,094
Grant of shares of common stock	27,985	24,855

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net cash provided by operating activities	$ 37,460	$ 19,373
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(16,060)
Proceeds from sales of property, plant and equipment	407	228
Purchases of property, plant and equipment	(5,279)	(3,660)
Proceeds from sales of lease fleet	14,938	13,797
Purchases of lease fleet	(32,805)	(35,503)
Other intangible assets	(104)	(38)
Net cash used in investing activities	(22,843)	(41,236)
Cash flows from financing activities:
Repayments of equipment financing activities, net	(328)	(211)
Proceeds from (repayments of) senior and other debt borrowings, net	(12,849)	7,802
Deferred financing costs		(427)
Proceeds from issuances of common stock	98	856
Preferred stock dividends	(1,844)	(1,844)
Net cash provided by (used in) financing activities	(14,923)	6,176
Net decrease in cash	(306)	(15,687)
Cash and equivalents at beginning of period	10,359	21,617
The effect of foreign currency translation on cash	14	(82)
Cash and equivalents at end of period	$ 10,067	$ 5,848

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) $ in Thousands	6 Months Ended
	Dec. 31, 2018USD ($)shares
Business acquisitions, non-cash holdback and other adjustment | $	$ 1,634
Forced conversion of Convertible Note, shares of common stock | shares	3,058,824

Organization and Business Opera

Organization and Business Operations	6 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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, “Pac-Van”); 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) Pac-Van

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
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 Regulation S-X. 10-K for Unless otherwise indicated, references to “FY 2019” and “FY 2020” are to the six months ended December 30, 2018 and 2019, respectively. Certain amounts have been reclassified or revised to conform with the current year presentation. The most significant are the rates disclosed at June 30, 2019 in the table for the open interest rate swap contract in Note 6. 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. Inventories Inventories are comprised of the following (in thousands): June 30, December 31, 2019 2019 Finished goods $ 25,576 $ 26,564 Work in progress 1,275 2,357 Raw materials 2,226 2,515 $ 29,077 $ 31,436 Property, Plant and Equipment Property, plant and equipment consist of the following (in thousands): Estimated Useful Life June 30, December 31, 2019 2019 Land — $ 2,168 $ 2,168 Building and improvements 10 — 40 years 4,893 4,893 Transportation and plant equipment (including finance lease assets) 3 — 20 years 47,433 49,046 Furniture, fixtures and office equipment 3 — 10 years 13,786 14,075 68,280 70,182 Less accumulated depreciation and amortization (45,385) (45,604) $ 22,895 $ 24,578 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, 2019 and December 31, 2019, the gross costs of the lease fleet were $598,757,000 and $617,108,000, 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. Pac-Van, The Company assesses the potential impairment of goodwill on an annual basis or if a determination is made based on a qualitative assessment that it is more likely than not (i.e., greater than 50%) that the fair value of the reporting unit is less than its carrying amount. The Company’s annual impairment assessment at June 30, 2019 concluded that the fair value of the goodwill of each of its reporting units was greater than their respective carrying amounts. 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 June 30, 2019 December 31, 2019 Gross Accumulated Net Carrying Gross Accumulated Net Carrying Trademark and trade name $ 5,486 $ (453 ) $ 5,033 $ 5,486 $ (453 ) $ 5,033 Customer base and lists 31,069 (17,174 ) 13,895 30,753 (18,253 ) 12,500 Non-compete 8,782 (8,031 ) 751 8,654 (8,094 ) 560 Deferred financing costs 3,563 (2,290 ) 1,273 3,521 (2,481 ) 1,040 Other 4,328 (3,471 ) 857 2, 803 (2,193 ) 610 $ 53,228 $ (31,419 ) $ 21,809 $ 51,217 $ (31,474 ) $ 19,743 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 Quarter Ended December 31, Six Months Ended December 31, 2018 2019 2018 2019 Basic 29,907,679 30,253,075 28,649,451 30,229,164 Dilutive effect of common stock equivalents — 1,284,562 — 1,204,110 Diluted 29,907,679 31,537,637 28,649,451 31,433,274 Potential common stock equivalents totaling 2,188,412 for both the quarter ended December 31, 2018 and FY 2019, 756,411 and 836,863 for the quarter ended December 31, 2019 and FY 2020, respectively, and have been excluded from the computation of diluted earnings per share because the effect is anti-dilutive. 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 non-lease 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 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, 2018 and FY 2019 and the quarter ended December 31, 2019 and FY 2020 were $14,811,000 and $27,811,000 and $14,242,000 and $27,752,000, 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 on-site Non-Lease Non-lease 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, 2019 and December 31, 2019, we had approximately $22,671,000 and $29,028,000, 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. 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, 2019 and December 31, 2019, the Company had $219,331 and $206,260, 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, 2019 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – 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 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 Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – 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 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 Quarter Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – Consolidated Non-lease: Sales lease inventories and fleet $ 17,105 $ - $ 17,105 $ - $ - $ 17,105 $ 14,708 $ 31,813 Sales manufactured units - - - 3,617 (946) 2,671 - 2,671 Total non-lease 17,105 - 17,105 3,617 (946) 19,776 14,708 34,484 Leasing: Rental revenue 24,277 6,819 31,096 - (587) 30,509 12,868 43,377 Rental-related services 9,984 6,283 16,267 - - 16,267 3,865 20,132 Total leasing revenues 34,261 13,102 47,363 - (587) 46,776 16,733 63,509 Total revenues $ 51,366 $ 13,102 $ 64,468 $ 3,617 $ (1,533) $ 66,552 $ 31,441 $ 97,993 Six Months Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – Consolidated Non-lease: Sales lease inventories and fleet $ 39,563 $ - $ 39,563 $ - $ - $ 39,563 $ 27,886 $ 67,449 Sales manufactured units - - - 7,934 (1,425) 6,509 - 6,509 Total non-lease 39,563 - 39,563 7,934 (1,425) 46,072 27,886 73,958 Leasing: Rental revenue 45,963 14,123 60,086 - (1,091) 58,995 25,086 84,081 Rental-related services 18,692 11,793 30,485 - - 30,485 7,261 37,746 Total leasing revenues 64,655 25,916 90,571 - (1,091) 89,480 32,347 121,827 Total revenues $ 104,218 $ 25,916 $ 130,134 $ 7,934 $ (2,516) $ 135,552 $ 60,233 $ 195,785 Implemented Accounting Pronouncement – Lease Accounting In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) off-balance No. 2016-02, “right-of-use” right-of-use No. 2016-02 The Company adopted ASU No. 2016-02 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 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 December 31, 2019 are as follows (in thousands): Year Ending December 31, 2020 $ 12,132 2021 10,541 2022 9,674 2023 8,169 2024 7,320 Thereafter 62,162 Total commitments 109,998 Less – interest (39,271) $ 70,727 Non-cancellable Year Ending June 30, 2020 $ 11,655 2021 9,198 2022 6,585 2023 4,992 2024 3,103 Thereafter 9,091 $ 44,624 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 Operating lease activity during the quarter ended December 31, 2019 and FY 2020 was as follows (in thousands): Quarter Six Months December 31, 2019 Expense: Short-term lease expense $ 898 $ 1,823 Fixed lease expense 3,267 6,490 Variable lease expense 467 730 Sublease income (1,286) (2,449) $ 3,346 $ 6,594 Cash paid and new or modified operating lease information: Operating cash flows from operating leases $ 3,028 $ 5,960 Net operating lease assets obtained in exchange for new or modified operating lease liabilities 2,328 3,709 The weighted-average remaining lease term and weighted average discount rate for operating leases at December 31, 2019 was 12.7 years and 6.5%, respectively. Rental expense on non-cancellable

Equity Transactions

Equity Transactions	6 Months Ended
	Dec. 31, 2019
Equity [Abstract]
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 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, 2019 and December 31, 2019, 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, 2019 and December 31, 2019, 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 non-consecutive Dividends As of December 31, 2019, since issuance, dividends paid or payable totaled $105,000 for the Series B Preferred Stock and dividends paid totaled $23,580,000 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, 2019
Business Combinations [Abstract]
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 Goodwill recognized is attributable primarily to expected corporate synergies, the assembled workforce and other factors. The Company incurred approximately $58,000 and $123,000 during the quarter ended December 31, 2018 and FY 2019, respectively; and $189,000 and $512,000 during the quarter ended December 31, 2019 and FY 2020, respectively, 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. There were no acquisitions consummated in FY 2020.

Senior and Other Debt

Senior and Other Debt	6 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
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 $30,161,000 (AUS$43,000,000) Facility A that will amortize semi-annually; a $81,715,000 (AUS$116,500,000) Facility B that has no scheduled amortization; a $14,028,000 (AUS$20,000,000) revolving Facility C that is used for working capital, capital expenditures and general corporate purposes; and a $26,303,000 (AUS$37,500,000) revolving Term Loan Facility D. Borrowings bear interest at the three-month bank bill swap interest rate in Australia (“BBSY”), plus a margin of 4.25% to 5.50% per annum, as determined by net leverage, as defined. In addition, financing fees totaling $2,014,000 (AUS$2,871,400) are payable quarterly in advance through maturity. 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. However, an exit fee of $737,600 (AUS$1,051,600) is due on November 3, 2020 from the original November 3, 2017 financing. Prepayment penalties equal to 3.0% and 1.0% of any amount prepaid under the Deutsche Bank Credit Facility will expire on March 22, 2020 and 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 At December 31, 2019, borrowings under the Deutsche Bank Credit Facility totaled $129,558,000 (AUS$184,708,000), net of deferred financing costs of $692,000 (AUS$987,000), and availability, including cash at the bank, totaled $21,723,000 (AUS$30,970,000). The above amounts were translated based upon the exchange rate of one Australian dollar to 0.701415 U.S. dollar and one New Zealand dollar to 0.673579 U.S. dollar at December 31, 2019. 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 “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 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 the term loan to Credit Suisse, to acquire the 49,188,526 publicly-traded shares of RWH not owned by the Company and to pay all related fees and expenses. The Bison Capital Notes had a maturity of five years and bore interest from the date of issuance, payable quarterly in arrears beginning on January 2, 2018. The Bison Capital Notes may have been prepaid at 102% of the original principal amount, plus accrued interest, after the first anniversary and prior to the second anniversary of issuance, at 101% of the original principal amount, plus accrued interest, after the second anniversary and prior to the third anniversary of issuance and with no prepayment premium after the third anniversary of issuance. The Company may have elected to defer interest under the Bison Capital Notes until the second anniversary of issuance. Interest on the Bison Capital Notes were payable in Australian dollars, but the principal was to be repaid in U.S. dollars. The Bison Capital Notes were secured by a first priority security interest over all of the assets of GFN U.S., GFNAPH and GFNAPF, by the pledge by GFN U.S. of the capital stock of GFNAPH and GFNAPF and by of all of the capital stock of RWH. The Bison Capital Notes were subject to all terms, conditions and covenants set forth in the Amended Securities Purchase Agreement. The Amended Securities Purchase Agreement contained certain financial and other customary and restrictive covenants, including, among other things, a minimum EBITDA requirement to equal or exceed AUS$30,000,000 per trailing 12-month 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 Note At any time prior to maturity, Bison Capital may have converted unpaid principal and interest under the Convertible Note 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 Note. If GFN common stock trades above 150% of the conversion price over 30 consecutive trading days and the aggregate dollar value of all GFN common stock traded on NASDAQ exceeds $600,000 over the last 20 consecutive days of the same 30-day . The Company evaluated the Convertible Note at its 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 Note, 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 $1,864,000, resulting in a principal balance of $24,136,000 for the Convertible Note. The Company determined the fair value of the bifurcated derivative using a valuation model and market prices and reassessed its fair value at the end of each reporting period, with any changes in value reported in the accompanying consolidated statements of operations. At September 10, 2018, prior to conversion, the fair value of this bifurcated derivative was $29,288,000, of which $20,370,000 was extinguished upon the conversion of the Convertible Note into shares of the Company’s common stock. The value of the shares received was recorded as a benefit to equity of $44,506,000 in FY 2019. North America Senior Credit Facility At December 31, 2019, the North America leasing (Pac-Van First-In, Last-Out 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 Pac-Van Borrowings under the Wells Fargo Credit Facility accrue interest, at the Company’s option, either at the base rate, plus 0.5% and a range of 1.00% to 1.50%, or the LIBOR rate, plus 1.0% and a range of 2.50% to 3.00%. The FILO Term Loan that was within the Wells Fargo Credit Facility bore interest at 11.00% above the LIBOR rate, with a LIBOR rate floor of 1.00%. 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 covenant that would require repayment upon a change in control, as defined. At December 31, 2019, borrowings and availability under the Wells Fargo Credit Facility totaled $182,247,000 and $73,491,000, respectively. Senior Notes On June 18, 2014, the Company completed the sale of unsecured senior notes (the “Senior Notes”) in a public offering for an aggregate principal amount of $72,000,000. On April 24, 2017, the Company completed the sale of a “tack-on” Pac-Van Pac-Van ‘tack-on” The 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 “Trustee”). The First Supplemental Indenture supplements the indenture entered into by and between the Company and the Trustee dated as of June 18, 2014 (the “Base Indenture”). The Senior Notes bear interest at the rate of 8.125% per annum, mature on July 31, 2021 and are not subject to any sinking fund. Interest on the Senior Notes is payable quarterly in arrears on January 31, April 30, July 31 and October 31, commencing on July 31, 2014. The 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 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 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. 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 (the classification of such leases changed upon adoption of a new accounting standard, as discussed in Note 2) agreement, or such new finance/capital lease obligations as the Company may enter into from time to time. The consent of at least a majority in the aggregate principal amount outstanding of the Senior Notes as of the record date (as defined in the consent solicitation statement dated October 16, 2018) was required to approve the proposed amendments and the Company received consents from approximately 63.3% of the holders of the Senior Notes. Upon the terms and subject to the conditions described in the consent solicitation statement, the Company made cash payments totaling $195,820, or $0.10 per $25 of Senior Notes held by each holder as of the record date who had validly delivered consent. As a result of the successful consent solicitation, the Company and the 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 “Indenture”). The Company had an option, prior to July 31, 2017, to redeem the Senior Notes in whole or in part upon the payment of 100% of the principal amount of the Senior Notes being redeemed, plus any additional amount required by the Indenture. In addition, the Company may have redeemed up to 35% of the aggregate outstanding principal amount of the Senior Notes before July 31, 2017 with the net cash proceeds from certain equity offerings at a redemption price of 108.125% of the principal amount plus accrued and unpaid interest. If the Company sells certain of its assets or experiences specific kinds of changes in control, as defined, it must offer to redeem the Senior Notes. The Company may, at its option, at any time and from time to time, on or after July 31, 2017, redeem the Senior Notes in whole or in part. The Senior Notes will be redeemable at a redemption price initially equal to 106.094% (102.031% at December 31, 2019) of the principal amount of the Senior Notes (and which declines each year on July 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 Senior Notes. The Company has not redeemed any of its 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 Senior Notes are listed on NASDAQ under the symbol “GFNSL.” Other At December 31, 2019, equipment financing and other debt totaled $10,145,000. The Company was in compliance with the financial covenants under all its credit facilities as of December 31, 2019. The weighted-average interest rate in the Asia-Pacific area was 8.9% and 9.4% during the quarter ended December 31, 2018 and FY 2019, respectively, and 7.7% and 7.8% during the quarter ended December 31, 2019 and FY 2020, respectively; which does not include the effect of translation, derivative valuation, amortization of deferred financing costs and accretion. The weighted-average interest rate in North America was 7.2% and 6.9% during the quarter ended December 31, 2018 and FY 2019, respectively, and 5.8% and 6.0% during the quarter ended December 31, 2019 and FY 2020, respectively; which does not include the effect of the amortization of deferred financing costs and accretion.

Financial Instruments

Financial Instruments	6 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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, 2019 December 31, 2019 Swap Contracts Trade payables and accrued liabilities $ 2,233 $ 2,286 Forward-Exchange Contracts Trade and other receivables 2 — Trade payables and accrued liabilities 18 278 Bifurcated Derivatives Fair value of bifurcated derivatives in Convertible Note 19,782 14,888 Quarter Ended December 31, Six Months Ended Type of Derivative Contract Statement of Operations 2018 2019 2018 2019 Swap Contracts Unrealized gain (loss) included in “Interest expense” $ — $ — $ — $ — Forward Exchange Contracts Unrealized foreign currency exchange gain (loss) included in “Foreign exchange and other” (34) (587) (127) (256) Bifurcated Derivatives Change in valuation of bifurcated derivatives in Convertible Note (9,332) 3,902 (21,698) 4,894 Interest Rate Swap Contracts 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. The Company expected these derivatives to remain effective during their remaining terms, but recorded any changes in the portion of the hedges considered ineffective in interest expense in the consolidated statement of operations. There was no ineffective portion recorded in FY 2017 and only a nominal gain in the year ended June 30, 2018. During the quarter ended December 31, 2017, these two interest rate swap contracts were closed, with the Company incurring break costs of $148,000. In January 2018, the Company entered into another interest rate swap contract that was also 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 2019 and FY 2020. 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, 2019 and December 31, 2019, the open interest rate swap contracts were as follows (dollars in thousands): June 30, December 31, 2019 2019 Notional amounts $ 70,287 $ 70,142 Fixed/Strike Rates 7.42% 7.17% Floating Rates 6.70% 6.14% Fair Value of Combined Contracts $ (2,233) $ (2,286) 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, 2019, there were 21 open forward exchange contracts that mature between July 2019 and October 2019; and, as of December 31, 2019, there were 32 open forward exchange contracts that mature between January 2020 and May 2020, as follows (dollars in thousands): June 30, December 31, 2019 2019 Notional amounts $ 9,305 $ 12,421 Exchange/Strike Rates (AUD to USD) 0.67313 – 0.72039 0.62766 – 0.69982 Fair Value of Combined Contracts $ (16) $ (278) For the quarter ended December 31, 2018 and 2019, net unrealized and realized foreign exchange gains (losses) totaled $(1,644,000) and $(112,000) and $881,000 and $(28,000), respectively. In FY 2019 and FY 2020, net unrealized and realized foreign exchange gains (losses) totaled $(1,268,000) 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, 2019 was determined to be approximately $402,245,000 (carrying value of $406,499,000, gross of deferred financing costs of $2,314,000). The Company also determined that the fair value of its other debt of $6,956,000 at June 30, 2019 approximated or would not vary significantly from their carrying values. The Company believes that market conditions at December 31, 2019 have not changed significantly from June 30, 2019. Therefore, the proportion of the fair value to the carrying value of the Company’s senior credit facilities and other debt at December 31, 2019 would not vary significantly from the proportion determined at June 30, 2019. Under the provisions of FASB ASC Topic 825, Financial Instruments,

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
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 and $55,000 during the quarter ended December 31, 2018 and FY 2019, respectively; and $28,000 and $55,000 during the quarter ended December 31, 2019 and FY 2020, respectively. The premises of Pac-Van’s month-to-month two-year catch-up

Equity Plans

Equity Plans	6 Months Ended
	Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
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 All grants to-date non-qualified non-qualified non-vested Since inception, the range of the fair value of the stock options granted (other than to non-employee 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, 2019, there were no significant outstanding stock options held by non-employee Number of Weighted- Weighted- Outstanding at June 30, 2019 1,676,196 $ 4.39 Granted — — Exercised (50,000) 1.97 Forfeited or expired — — Outstanding at December 31, 2019 1,626,196 $ 4.47 4.6 Vested and expected to vest at December 31, 2019 1,626,196 $ 4.47 4.6 Exercisable at December 31, 2019 1,446,395 $ 4.17 4.2 At December 31, 2019, outstanding time-based options and performance-based options totaled 1,057,972 and 568,224, respectively. Also at that date, the Company’s market price for its common stock was $11.07 per share, which was above the exercise prices of all of the outstanding stock options, and the intrinsic value of the outstanding stock options at that date was $11,208,000. Share-based compensation of $9,263,000 related to stock options has been recognized in the consolidated statements of operations, with a corresponding benefit to equity, from inception through December 31, 2019. At that date, there remains $352,000 of unrecognized compensation expense to be recorded on a straight-line basis over the remaining weighted-average vesting period of 0.3 years. A deduction is not allowed for U.S. income tax purposes with respect to non-qualified A summary of the Company’s restricted stock and RSU activity follows: Restricted Stock RSU Shares Weighted-Average Shares Weighted-Average Nonvested at June 30, 2019 329,417 $ 8.28 139,187 $ 7.62 Granted 27,985 10.72 — — Vested (24,855) 12.07 (55,957) 7.35 Forfeited (1,000) 10.34 — — Nonvested at December 31, 2019 331,547 $ 8.19 83,230 $ 7.81 Share-based compensation of $5,271,000 and $1,134,000 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, 2019. At that date, there remains $1,969,000 for the restricted stock and $400,000 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 2.45 years for the restricted stock and less than a year to 1.7 years for the RSU.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies 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, 2019 and December 31, 2019, reported liability totaled $1,335,000 and $1,069,000, 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

Cash Flows from Operating Activ

Cash Flows from Operating Activities and Other Financial Information	6 Months Ended
	Dec. 31, 2019
Text Block [Abstract]
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, 2018 2019 Cash flows from operating activities Net income (loss) $ (12,370) $ 16,392 Adjustments to reconcile net income (loss) to cash flows from operating activities: Gain on sales and disposals of property, plant and equipment (75) (177) Gain on sales of lease fleet (4,229) (4,738) Gains on bargain purchases of businesses (1,767) — Unrealized foreign exchange loss 1,268 5 Non-cash 3,554 — Unrealized loss on forward exchange contracts 127 256 Change in valuation of bifurcated derivatives in Convertible Note 21,698 (4,894) Depreciation and amortization 21,258 18,218 Amortization of deferred financing costs 1,420 927 Accretion of interest (555) — Interest deferred on Senior Term Note 3,191 — Share-based compensation expense 1,341 1,368 Deferred income taxes 3,251 5,242 Changes in operating assets and liabilities (excluding assets and liabilities from acquisitions): Trade and other receivables, net (4,852) 4,872 Inventories (12,937) (2,316) Prepaid expenses and other (2,488) (588) Trade payables, accrued liabilities and unearned revenues 2,011 3,091 Income taxes (473) (198) Net cash provided by operating activities $ 19,373 $ 37,460

Segment Reporting

Segment Reporting	6 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
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 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, 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, 2019 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Intercompany Total Asia – Pacific 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 Pac-Van Lone Star Combined Manufacturing Corporate Total Asia – Pacific 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 At December 31, 2019 Long-lived assets $ 318,076 $ 42,843 $ 360,919 $ 1,541 $ (9,561) $ 352,899 $ 137,953 $ 490,852 Operating lease assets $ 27,660 $ 2,588 $ 30,248 $ 304 $ 315 $ 30,867 $ 39,282 $ 70,149 Goodwill $ 64,525 $ 20,782 $ 85,307 $ — $ — $ 85,307 $ 25,968 $ 111,275 At June 30, 2019 Long-lived assets $ 301,233 $ 44,694 $ 345,927 $ 1,707 $ (9,606) $ 338,028 $ 141,689 $ 479,717 Goodwill $ 64,517 $ 20,782 $ 85,299 $ — $ — $ 85,299 $ 26,024 $ 111,323 Quarter Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate Total Asia – Pacific Consolidated Revenues: Sales $ 17,105 $ - $ 17,105 $ 3,617 $ (946) $ 19,776 $ 14,708 $ 34,484 Leasing 34,261 13,102 47,363 - (587) 46,776 16,733 63,509 $ 51,366 $ 13,102 $ 64,468 $ 3,617 $ (1,533) $ 66,552 $ 31,441 $ 97,993 Share-based compensation $ 74 $ 7 $ 81 $ 6 $ 384 $ 471 $ 192 $ 663 Depreciation and amortization $ 3,841 $ 2,386 $ 6,227 $ 101 $ (189) $ 6,139 $ 5,016 $ 11,155 Operating income $ 11,079 $ 4,149 $ 15,228 $ 121 $ (1,331) $ 14,018 $ 3,437 $ 17,455 Interest income $ - $ - $ - $ - $ 2 $ 2 $ 31 $ 33 Interest expense $ 3,240 $ 340 $ 3,580 $ 76 $ 1,711 $ 5,367 $ 3,501 $ 8,868 Six Months Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate Total Asia – Consolidated Revenues: Sales $ 39,563 $ - $ 39,563 $ 7,934 $ (1,425) $ 46,072 $ 27,886 $ 73,958 Leasing 64,655 25,916 90,571 - (1,091) 89,480 32,347 121,827 $ 104,218 $ 25,916 $ 130,134 $ 7,934 $ (2,516) $ 135,552 $ 60,233 $ 195,785 Share-based compensation $ 148 $ 14 $ 162 $ 12 $ 783 $ 957 $ 384 $ 1,341 Depreciation and amortization $ 7,505 $ 4,750 $ 12,255 $ 203 $ (373) $ 12,085 $ 9,173 $ 21,258 Operating income $ 20,808 $ 9,022 $ 29,830 $ 609 $ (2,632) $ 27,807 $ 5,853 $ 33,660 Interest income $ — $ — $ — $ — $ 2 $ 2 $ 79 $ 81 Interest expense $ 5,831 $ 689 $ 6,520 $ 159 $ 3,410 $ 10,089 $ 7,404 $ 17,493 Additions to long-lived assets $ 25,997 $ 1,501 $ 27,498 $ 5 $ (101) $ 27,402 $ 11,761 $ 39,163 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 $946,000 and $1,425,000 during the quarter ended December 31, 2018 and FY 2019, respectively; and $1,485,000 and $2,818,000 during the quarter ended December 31, 2019 and FY 2020, respectively. Intrasegment net revenues in the North American leasing operations related to primarily the leasing of portable liquid storage containers from Pac-Van

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 12. Subsequent Events On January 16, 2020, 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, 2019 through January 30, 2020, and is payable on January 31, 2020 to holders of record as of January 30, 2020.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2019
Federal Home Loan Banks [Abstract]
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 Regulation S-X. 10-K for Unless otherwise indicated, references to “FY 2019” and “FY 2020” are to the six months ended December 30, 2018 and 2019, respectively. Certain amounts have been reclassified or revised to conform with the current year presentation. The most significant are the rates disclosed at June 30, 2019 in the table for the open interest rate swap contract in Note 6.
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.
Inventories	Inventories Inventories are comprised of the following (in thousands): June 30, December 31, 2019 2019 Finished goods $ 25,576 $ 26,564 Work in progress 1,275 2,357 Raw materials 2,226 2,515 $ 29,077 $ 31,436
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consist of the following (in thousands): Estimated Useful Life June 30, December 31, 2019 2019 Land — $ 2,168 $ 2,168 Building and improvements 10 — 40 years 4,893 4,893 Transportation and plant equipment (including finance lease assets) 3 — 20 years 47,433 49,046 Furniture, fixtures and office equipment 3 — 10 years 13,786 14,075 68,280 70,182 Less accumulated depreciation and amortization (45,385) (45,604) $ 22,895 $ 24,578
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, 2019 and December 31, 2019, the gross costs of the lease fleet were $598,757,000 and $617,108,000, 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. Pac-Van, The Company assesses the potential impairment of goodwill on an annual basis or if a determination is made based on a qualitative assessment that it is more likely than not (i.e., greater than 50%) that the fair value of the reporting unit is less than its carrying amount. The Company’s annual impairment assessment at June 30, 2019 concluded that the fair value of the goodwill of each of its reporting units was greater than their respective carrying amounts. 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 June 30, 2019 December 31, 2019 Gross Accumulated Net Carrying Gross Accumulated Net Carrying Trademark and trade name $ 5,486 $ (453 ) $ 5,033 $ 5,486 $ (453 ) $ 5,033 Customer base and lists 31,069 (17,174 ) 13,895 30,753 (18,253 ) 12,500 Non-compete 8,782 (8,031 ) 751 8,654 (8,094 ) 560 Deferred financing costs 3,563 (2,290 ) 1,273 3,521 (2,481 ) 1,040 Other 4,328 (3,471 ) 857 2, 803 (2,193 ) 610 $ 53,228 $ (31,419 ) $ 21,809 $ 51,217 $ (31,474 ) $ 19,743
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 Quarter Ended December 31, Six Months Ended December 31, 2018 2019 2018 2019 Basic 29,907,679 30,253,075 28,649,451 30,229,164 Dilutive effect of common stock equivalents — 1,284,562 — 1,204,110 Diluted 29,907,679 31,537,637 28,649,451 31,433,274 Potential common stock equivalents totaling 2,188,412 for both the quarter ended December 31, 2018 and FY 2019, 756,411 and 836,863 for the quarter ended December 31, 2019 and FY 2020, respectively, and have been excluded from the computation of diluted earnings per share because the effect is anti-dilutive.
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 non-lease 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 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, 2018 and FY 2019 and the quarter ended December 31, 2019 and FY 2020 were $14,811,000 and $27,811,000 and $14,242,000 and $27,752,000, 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 on-site Non-Lease Non-lease 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, 2019 and December 31, 2019, we had approximately $22,671,000 and $29,028,000, 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. 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, 2019 and December 31, 2019, the Company had $219,331 and $206,260, 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, 2019 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – 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 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 Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – 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 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 Quarter Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – Consolidated Non-lease: Sales lease inventories and fleet $ 17,105 $ - $ 17,105 $ - $ - $ 17,105 $ 14,708 $ 31,813 Sales manufactured units - - - 3,617 (946) 2,671 - 2,671 Total non-lease 17,105 - 17,105 3,617 (946) 19,776 14,708 34,484 Leasing: Rental revenue 24,277 6,819 31,096 - (587) 30,509 12,868 43,377 Rental-related services 9,984 6,283 16,267 - - 16,267 3,865 20,132 Total leasing revenues 34,261 13,102 47,363 - (587) 46,776 16,733 63,509 Total revenues $ 51,366 $ 13,102 $ 64,468 $ 3,617 $ (1,533) $ 66,552 $ 31,441 $ 97,993 Six Months Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – Consolidated Non-lease: Sales lease inventories and fleet $ 39,563 $ - $ 39,563 $ - $ - $ 39,563 $ 27,886 $ 67,449 Sales manufactured units - - - 7,934 (1,425) 6,509 - 6,509 Total non-lease 39,563 - 39,563 7,934 (1,425) 46,072 27,886 73,958 Leasing: Rental revenue 45,963 14,123 60,086 - (1,091) 58,995 25,086 84,081 Rental-related services 18,692 11,793 30,485 - - 30,485 7,261 37,746 Total leasing revenues 64,655 25,916 90,571 - (1,091) 89,480 32,347 121,827 Total revenues $ 104,218 $ 25,916 $ 130,134 $ 7,934 $ (2,516) $ 135,552 $ 60,233 $ 195,785
Implemented Accounting Pronouncement – Lease Accounting	Implemented Accounting Pronouncement – Lease Accounting In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) off-balance No. 2016-02, “right-of-use” right-of-use No. 2016-02 The Company adopted ASU No. 2016-02 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 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 December 31, 2019 are as follows (in thousands): Year Ending December 31, 2020 $ 12,132 2021 10,541 2022 9,674 2023 8,169 2024 7,320 Thereafter 62,162 Total commitments 109,998 Less – interest (39,271) $ 70,727 Non-cancellable Year Ending June 30, 2020 $ 11,655 2021 9,198 2022 6,585 2023 4,992 2024 3,103 Thereafter 9,091 $ 44,624 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 Operating lease activity during the quarter ended December 31, 2019 and FY 2020 was as follows (in thousands): Quarter Six Months December 31, 2019 Expense: Short-term lease expense $ 898 $ 1,823 Fixed lease expense 3,267 6,490 Variable lease expense 467 730 Sublease income (1,286) (2,449) $ 3,346 $ 6,594 Cash paid and new or modified operating lease information: Operating cash flows from operating leases $ 3,028 $ 5,960 Net operating lease assets obtained in exchange for new or modified operating lease liabilities 2,328 3,709 The weighted-average remaining lease term and weighted average discount rate for operating leases at December 31, 2019 was 12.7 years and 6.5%, respectively. Rental expense on non-cancellable

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Inventories	Inventories are comprised of the following (in thousands): June 30, December 31, 2019 2019 Finished goods $ 25,576 $ 26,564 Work in progress 1,275 2,357 Raw materials 2,226 2,515 $ 29,077 $ 31,436
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consist of the following (in thousands): Estimated Useful Life June 30, December 31, 2019 2019 Land — $ 2,168 $ 2,168 Building and improvements 10 — 40 years 4,893 4,893 Transportation and plant equipment (including finance lease assets) 3 — 20 years 47,433 49,046 Furniture, fixtures and office equipment 3 — 10 years 13,786 14,075 68,280 70,182 Less accumulated depreciation and amortization (45,385) (45,604) $ 22,895 $ 24,578
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 June 30, 2019 December 31, 2019 Gross Accumulated Net Carrying Gross Accumulated Net Carrying Trademark and trade name $ 5,486 $ (453 ) $ 5,033 $ 5,486 $ (453 ) $ 5,033 Customer base and lists 31,069 (17,174 ) 13,895 30,753 (18,253 ) 12,500 Non-compete 8,782 (8,031 ) 751 8,654 (8,094 ) 560 Deferred financing costs 3,563 (2,290 ) 1,273 3,521 (2,481 ) 1,040 Other 4,328 (3,471 ) 857 2, 803 (2,193 ) 610 $ 53,228 $ (31,419 ) $ 21,809 $ 51,217 $ (31,474 ) $ 19,743
Reconciliation of Weighted Average Shares Outstanding	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, 2018 2019 2018 2019 Basic 29,907,679 30,253,075 28,649,451 30,229,164 Dilutive effect of common stock equivalents — 1,284,562 — 1,204,110 Diluted 29,907,679 31,537,637 28,649,451 31,433,274
Reconciliation of the 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, 2019 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – 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 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 Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – 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 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 Quarter Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – Consolidated Non-lease: Sales lease inventories and fleet $ 17,105 $ - $ 17,105 $ - $ - $ 17,105 $ 14,708 $ 31,813 Sales manufactured units - - - 3,617 (946) 2,671 - 2,671 Total non-lease 17,105 - 17,105 3,617 (946) 19,776 14,708 34,484 Leasing: Rental revenue 24,277 6,819 31,096 - (587) 30,509 12,868 43,377 Rental-related services 9,984 6,283 16,267 - - 16,267 3,865 20,132 Total leasing revenues 34,261 13,102 47,363 - (587) 46,776 16,733 63,509 Total revenues $ 51,366 $ 13,102 $ 64,468 $ 3,617 $ (1,533) $ 66,552 $ 31,441 $ 97,993 Six Months Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Total Asia – Consolidated Non-lease: Sales lease inventories and fleet $ 39,563 $ - $ 39,563 $ - $ - $ 39,563 $ 27,886 $ 67,449 Sales manufactured units - - - 7,934 (1,425) 6,509 - 6,509 Total non-lease 39,563 - 39,563 7,934 (1,425) 46,072 27,886 73,958 Leasing: Rental revenue 45,963 14,123 60,086 - (1,091) 58,995 25,086 84,081 Rental-related services 18,692 11,793 30,485 - - 30,485 7,261 37,746 Total leasing revenues 64,655 25,916 90,571 - (1,091) 89,480 32,347 121,827 Total revenues $ 104,218 $ 25,916 $ 130,134 $ 7,934 $ (2,516) $ 135,552 $ 60,233 $ 195,785
Future Payments of Operating Lease Liabilities	Future payments of operating lease liabilities at December 31, 2019 are as follows (in thousands): Year Ending December 31, 2020 $ 12,132 2021 10,541 2022 9,674 2023 8,169 2024 7,320 Thereafter 62,162 Total commitments 109,998 Less – interest (39,271) $ 70,727
Non-Cancellable Operating Lease Rentals Payable	Non-cancellable Year Ending June 30, 2020 $ 11,655 2021 9,198 2022 6,585 2023 4,992 2024 3,103 Thereafter 9,091 $ 44,624
Schedule of Operating Lease Activity	Operating lease activity during the quarter ended December 31, 2019 and FY 2020 was as follows (in thousands): Quarter Six Months December 31, 2019 Expense: Short-term lease expense $ 898 $ 1,823 Fixed lease expense 3,267 6,490 Variable lease expense 467 730 Sublease income (1,286) (2,449) $ 3,346 $ 6,594 Cash paid and new or modified operating lease information: Operating cash flows from operating leases $ 3,028 $ 5,960 Net operating lease assets obtained in exchange for new or modified operating lease liabilities 2,328 3,709

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments at Fair Value, Classification in Consolidated Balances Sheets	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, 2019 December 31, 2019 Swap Contracts Trade payables and accrued liabilities $ 2,233 $ 2,286 Forward-Exchange Contracts Trade and other receivables 2 — Trade payables and accrued liabilities 18 278 Bifurcated Derivatives Fair value of bifurcated derivatives in Convertible Note 19,782 14,888
Derivative Instruments at Fair Value, Statements of Operations	Quarter Ended December 31, Six Months Ended Type of Derivative Contract Statement of Operations 2018 2019 2018 2019 Swap Contracts Unrealized gain (loss) included in “Interest expense” $ — $ — $ — $ — Forward Exchange Contracts Unrealized foreign currency exchange gain (loss) included in “Foreign exchange and other” (34) (587) (127) (256) Bifurcated Derivatives Change in valuation of bifurcated derivatives in Convertible Note (9,332) 3,902 (21,698) 4,894
Open Interest Rate Swap Contract	As of June 30, 2019 and December 31, 2019, the open interest rate swap contracts were as follows (dollars in thousands): June 30, December 31, 2019 2019 Notional amounts $ 70,287 $ 70,142 Fixed/Strike Rates 7.42% 7.17% Floating Rates 6.70% 6.14% Fair Value of Combined Contracts $ (2,233) $ (2,286)
Open Forward Exchange and Participating Forward Contracts	as of December 31, 2019, there were 32 open forward exchange contracts that mature between January 2020 and May 2020, as follows (dollars in thousands): June 30, December 31, 2019 2019 Notional amounts $ 9,305 $ 12,421 Exchange/Strike Rates (AUD to USD) 0.67313 – 0.72039 0.62766 – 0.69982 Fair Value of Combined Contracts $ (16) $ (278)

Equity Plans (Tables)

Equity Plans (Tables)	6 Months Ended
	Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Fair Value of Stock Options Granted	Since inception, the range of the fair value of the stock options granted (other than to non-employee 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 —
Stock Option Activity and Related Information	At December 31, 2019, there were no significant outstanding stock options held by non-employee Number of Weighted- Weighted- Outstanding at June 30, 2019 1,676,196 $ 4.39 Granted — — Exercised (50,000) 1.97 Forfeited or expired — — Outstanding at December 31, 2019 1,626,196 $ 4.47 4.6 Vested and expected to vest at December 31, 2019 1,626,196 $ 4.47 4.6 Exercisable at December 31, 2019 1,446,395 $ 4.17 4.2
Summary of Restricted Stock and RSU Activity	A summary of the Company’s restricted stock and RSU activity follows: Restricted Stock RSU Shares Weighted-Average Shares Weighted-Average Nonvested at June 30, 2019 329,417 $ 8.28 139,187 $ 7.62 Granted 27,985 10.72 — — Vested (24,855) 12.07 (55,957) 7.35 Forfeited (1,000) 10.34 — — Nonvested at December 31, 2019 331,547 $ 8.19 83,230 $ 7.81

Cash Flows from Operating Act_2

Cash Flows from Operating Activities and Other Financial Information (Tables)	6 Months Ended
	Dec. 31, 2019
Text Block [Abstract]
Summary 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, 2018 2019 Cash flows from operating activities Net income (loss) $ (12,370) $ 16,392 Adjustments to reconcile net income (loss) to cash flows from operating activities: Gain on sales and disposals of property, plant and equipment (75) (177) Gain on sales of lease fleet (4,229) (4,738) Gains on bargain purchases of businesses (1,767) — Unrealized foreign exchange loss 1,268 5 Non-cash 3,554 — Unrealized loss on forward exchange contracts 127 256 Change in valuation of bifurcated derivatives in Convertible Note 21,698 (4,894) Depreciation and amortization 21,258 18,218 Amortization of deferred financing costs 1,420 927 Accretion of interest (555) — Interest deferred on Senior Term Note 3,191 — Share-based compensation expense 1,341 1,368 Deferred income taxes 3,251 5,242 Changes in operating assets and liabilities (excluding assets and liabilities from acquisitions): Trade and other receivables, net (4,852) 4,872 Inventories (12,937) (2,316) Prepaid expenses and other (2,488) (588) Trade payables, accrued liabilities and unearned revenues 2,011 3,091 Income taxes (473) (198) Net cash provided by operating activities $ 19,373 $ 37,460

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Summary of Segment Reporting Information	The tables below represent the Company’s revenues from external customers, share-based compensation expense, 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, 2019 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate and Intercompany Total Asia – Pacific 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 Pac-Van Lone Star Combined Manufacturing Corporate Total Asia – Pacific 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 At December 31, 2019 Long-lived assets $ 318,076 $ 42,843 $ 360,919 $ 1,541 $ (9,561) $ 352,899 $ 137,953 $ 490,852 Operating lease assets $ 27,660 $ 2,588 $ 30,248 $ 304 $ 315 $ 30,867 $ 39,282 $ 70,149 Goodwill $ 64,525 $ 20,782 $ 85,307 $ — $ — $ 85,307 $ 25,968 $ 111,275 At June 30, 2019 Long-lived assets $ 301,233 $ 44,694 $ 345,927 $ 1,707 $ (9,606) $ 338,028 $ 141,689 $ 479,717 Goodwill $ 64,517 $ 20,782 $ 85,299 $ — $ — $ 85,299 $ 26,024 $ 111,323 Quarter Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate Total Asia – Pacific Consolidated Revenues: Sales $ 17,105 $ - $ 17,105 $ 3,617 $ (946) $ 19,776 $ 14,708 $ 34,484 Leasing 34,261 13,102 47,363 - (587) 46,776 16,733 63,509 $ 51,366 $ 13,102 $ 64,468 $ 3,617 $ (1,533) $ 66,552 $ 31,441 $ 97,993 Share-based compensation $ 74 $ 7 $ 81 $ 6 $ 384 $ 471 $ 192 $ 663 Depreciation and amortization $ 3,841 $ 2,386 $ 6,227 $ 101 $ (189) $ 6,139 $ 5,016 $ 11,155 Operating income $ 11,079 $ 4,149 $ 15,228 $ 121 $ (1,331) $ 14,018 $ 3,437 $ 17,455 Interest income $ - $ - $ - $ - $ 2 $ 2 $ 31 $ 33 Interest expense $ 3,240 $ 340 $ 3,580 $ 76 $ 1,711 $ 5,367 $ 3,501 $ 8,868 Six Months Ended December 31, 2018 North America Leasing Pac-Van Lone Star Combined Manufacturing Corporate Total Asia – Consolidated Revenues: Sales $ 39,563 $ - $ 39,563 $ 7,934 $ (1,425) $ 46,072 $ 27,886 $ 73,958 Leasing 64,655 25,916 90,571 - (1,091) 89,480 32,347 121,827 $ 104,218 $ 25,916 $ 130,134 $ 7,934 $ (2,516) $ 135,552 $ 60,233 $ 195,785 Share-based compensation $ 148 $ 14 $ 162 $ 12 $ 783 $ 957 $ 384 $ 1,341 Depreciation and amortization $ 7,505 $ 4,750 $ 12,255 $ 203 $ (373) $ 12,085 $ 9,173 $ 21,258 Operating income $ 20,808 $ 9,022 $ 29,830 $ 609 $ (2,632) $ 27,807 $ 5,853 $ 33,660 Interest income $ — $ — $ — $ — $ 2 $ 2 $ 79 $ 81 Interest expense $ 5,831 $ 689 $ 6,520 $ 159 $ 3,410 $ 10,089 $ 7,404 $ 17,493 Additions to long-lived assets $ 25,997 $ 1,501 $ 27,498 $ 5 $ (101) $ 27,402 $ 11,761 $ 39,163

Organization and Business Ope_2

Organization and Business Operations - Additional Information (Detail)	6 Months Ended
	Dec. 31, 2019Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of distinct business units	3
Number of geographic units	2

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2020	Jun. 30, 2019	Jul. 01, 2019
Property, Plant and Equipment [Line Items]
Gross costs of the lease fleet	$ 617,108,000		$ 617,108,000			$ 598,757,000
Fair value of the reporting unit			50.00%
Rental related services	$ 31,324,000	$ 34,484,000	$ 62,288,000	$ 73,958,000
Potential common stock equivalents excluded from computation of diluted earnings per share	756,411	2,188,412			836,863	2,188,412
Unearned rental revenue included in trade payables and accrued liabilities	$ 29,028,000		29,028,000			$ 22,671,000
Unearned rental revenue Recognized	2,038,000				$ 12,859,000
Warranty reserve included in trade payables and accrued liabilities	206,260		206,260			219,331
Right of use assets	70,149,000		70,149,000
Operating lease liabilities	$ 70,727,000		$ 70,727,000
Weighted average remaining lease term	12 years 8 months 12 days		12 years 8 months 12 days
Weighted average discount rate operating leases	6.50%		6.50%
Rental expense on non-cancellable operating leases		$ 3,321,000			6,601,000
Accounting Standards Update 2014-09 [Member]
Property, Plant and Equipment [Line Items]
Rental related services	$ 14,242,000	$ 14,811,000			$ 27,752,000	$ 27,811,000
Accounting Standards Update 2016-02 [Member]
Property, Plant and Equipment [Line Items]
Right of use assets							$ 70,797,000
Operating lease liabilities							$ 71,298,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Accounting Policies [Abstract]
Finished goods	$ 26,564	$ 25,576
Work in progress	2,357	1,275
Raw materials	2,515	2,226
Total	$ 31,436	$ 29,077

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Jun. 30, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 70,182	$ 68,280
Less accumulated depreciation and amortization	(45,604)	(45,385)
Property, plant and equipment, net	24,578	22,895
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,168	2,168
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 4,893	4,893
Building and improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Building and improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	40 years
Transportation and plant equipment (including capital lease assets) [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 49,046	47,433
Transportation and plant equipment (including capital lease assets) [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Transportation and plant equipment (including capital lease assets) [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	20 years
Furniture, fixtures and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,075	$ 13,786
Furniture, fixtures and office equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Furniture, fixtures and office equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Other Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 51,217	$ 53,228
Accumulated Amortization	(31,474)	(31,419)
Net Carrying Amount	19,743	21,809
Trademark and Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,486	5,486
Accumulated Amortization	(453)	(453)
Net Carrying Amount	5,033	5,033
Customer Base and Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	30,753	31,069
Accumulated Amortization	(18,253)	(17,174)
Net Carrying Amount	12,500	13,895
Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,654	8,782
Accumulated Amortization	(8,094)	(8,031)
Net Carrying Amount	560	751
Deferred Financing Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,521	3,563
Accumulated Amortization	(2,481)	(2,290)
Net Carrying Amount	1,040	1,273
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,803	4,328
Accumulated Amortization	(2,193)	(3,471)
Net Carrying Amount	$ 610	$ 857

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Reconciliation of Weighted Average Shares Outstanding (Detail) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Basic	30,253,075	29,907,679	30,229,164	28,649,451
Dilutive effect of common stock equivalents	1,284,562		1,204,110
Diluted	31,537,637	29,907,679	31,433,274	28,649,451

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Reconciliation of the Disaggregated Rental Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Revenues
Sales	$ 31,324	$ 34,484	$ 62,288	$ 73,958
Total leasing revenues	60,785	63,509	119,718	121,827
Total revenues	92,109	97,993	182,006	195,785
Lease inventories and fleet [Member]
Revenues
Sales	29,741	31,813	58,532	67,449
Manufactured units [Member]
Revenues
Sales	1,583	2,671	3,756	6,509
Rental Revenue [Member]
Revenues
Total leasing revenues	42,048	43,377	83,409	84,081
Rental Related Services [Member]
Revenues
Total leasing revenues	18,737	20,132	36,309	37,746
North America [Member]
Revenues
Sales	18,194	19,776	37,285	46,072
Total leasing revenues	43,972	46,776	87,639	89,480
Total revenues	62,166	66,552	124,924	135,552
North America [Member] | Corporate and Intercompany Adjustments [Member]
Revenues
Sales	(1,485)	(946)	(2,818)	(1,425)	$ 1,425
Total leasing revenues	(103)	(587)	(421)	(1,091)
Total revenues	(1,588)	(1,533)	(3,239)	(2,516)
North America [Member] | Lease inventories and fleet [Member]
Revenues
Sales	16,611	17,105	33,529	39,563
North America [Member] | Manufactured units [Member]
Revenues
Sales	1,583	2,671	3,756	6,509
North America [Member] | Manufactured units [Member] | Corporate and Intercompany Adjustments [Member]
Revenues
Sales	(1,485)	(946)	(2,818)	(1,425)
North America [Member] | Rental Revenue [Member]
Revenues
Total leasing revenues	29,823	30,509	59,241	58,995
North America [Member] | Rental Revenue [Member] | Corporate and Intercompany Adjustments [Member]
Revenues
Total leasing revenues	(103)	(587)	(421)	(1,091)
North America [Member] | Rental Related Services [Member]
Revenues
Total leasing revenues	14,149	16,267	28,398	30,485
North America [Member] | Pac-Van Leasing [Member] | Operating Segments [Member]
Revenues
Sales	16,576	17,105	33,494	39,563
Total leasing revenues	37,449	34,261	73,051	64,655
Total revenues	54,025	51,366	106,545	104,218
North America [Member] | Pac-Van Leasing [Member] | Lease inventories and fleet [Member] | Operating Segments [Member]
Revenues
Sales	16,576	17,105	33,494	39,563
North America [Member] | Pac-Van Leasing [Member] | Rental Revenue [Member] | Operating Segments [Member]
Revenues
Total leasing revenues	26,530	24,277	51,784	45,963
North America [Member] | Pac-Van Leasing [Member] | Rental Related Services [Member] | Operating Segments [Member]
Revenues
Total leasing revenues	10,919	9,984	21,267	18,692
North America [Member] | Lone Star Leasing [Member] | Operating Segments [Member]
Revenues
Sales	35		35
Total leasing revenues	6,626	13,102	15,009	25,916
Total revenues	6,661	13,102	15,044	25,916
North America [Member] | Lone Star Leasing [Member] | Corporate and Intercompany Adjustments [Member]
Revenues
Sales	70	554			$ 1,025
North America [Member] | Lone Star Leasing [Member] | Lease inventories and fleet [Member] | Operating Segments [Member]
Revenues
Sales	35		35
North America [Member] | Lone Star Leasing [Member] | Rental Revenue [Member] | Operating Segments [Member]
Revenues
Total leasing revenues	3,396	6,819	7,878	14,123
North America [Member] | Lone Star Leasing [Member] | Rental Related Services [Member] | Operating Segments [Member]
Revenues
Total leasing revenues	3,230	6,283	7,131	11,793
North America [Member] | Pac Van and Lone Star Leasing [Member] | Operating Segments [Member]
Revenues
Sales	16,611	17,105	33,529	39,563
Total leasing revenues	44,075	47,363	88,060	90,571
Total revenues	60,686	64,468	121,589	130,134
North America [Member] | Pac Van and Lone Star Leasing [Member] | Lease inventories and fleet [Member] | Operating Segments [Member]
Revenues
Sales	16,611	17,105	33,529	39,563
North America [Member] | Pac Van and Lone Star Leasing [Member] | Rental Revenue [Member] | Operating Segments [Member]
Revenues
Total leasing revenues	29,926	31,096	59,662	60,086
North America [Member] | Pac Van and Lone Star Leasing [Member] | Rental Related Services [Member] | Operating Segments [Member]
Revenues
Total leasing revenues	14,149	16,267	28,398	30,485
North America [Member] | Manufacturing [Member] | Operating Segments [Member]
Revenues
Sales	3,068	3,617	6,574	7,934
Total revenues	3,068	3,617	6,574	7,934
North America [Member] | Manufacturing [Member] | Manufactured units [Member] | Operating Segments [Member]
Revenues
Sales	3,068	3,617	6,574	7,934
Asia-Pacific [Member] | Royal Wolf Leasing [Member] | Operating Segments [Member]
Revenues
Sales	13,130	14,708	25,003	27,886
Total leasing revenues	16,813	16,733	32,079	32,347
Total revenues	29,943	31,441	57,082	60,233
Asia-Pacific [Member] | Royal Wolf Leasing [Member] | Lease inventories and fleet [Member] | Operating Segments [Member]
Revenues
Sales	13,130	14,708	25,003	27,886
Asia-Pacific [Member] | Royal Wolf Leasing [Member] | Rental Revenue [Member] | Operating Segments [Member]
Revenues
Total leasing revenues	12,225	12,868	24,168	25,086
Asia-Pacific [Member] | Royal Wolf Leasing [Member] | Rental Related Services [Member] | Operating Segments [Member]
Revenues
Total leasing revenues	$ 4,588	$ 3,865	$ 7,911	$ 7,261

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Future Payments of Operating Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Accounting Policies [Abstract]
2020	$ 12,132
2021	10,541
2022	9,674
2023	8,169
2024	7,320
Thereafter	62,162
Total commitments	109,998
Less – interest	(39,271)
Net total amount	$ 70,727

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Non-Cancellable Operating Lease Rentals Payable (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Accounting Policies [Abstract]
2020	$ 11,655
2021	9,198
2022	6,585
2023	4,992
2024	3,103
Thereafter	9,091
Total	$ 44,624

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Schedule of Operating Lease Activity (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
Expense:
Short-term lease expense	$ 898	$ 1,823
Fixed lease expense	3,267	6,490
Variable lease expense	467	730
Sublease income	(1,286)	(2,449)
Total of lease costs/expenditure	3,346	6,594
Cash paid and new or modified operating lease information:
Operating cash flows from operating leases	3,028	5,960
Net operating lease assets obtained in exchange for new or modified operating lease liabilities	$ 2,328	$ 3,709

Equity Transactions - Additiona

Equity Transactions - Additional Information (Detail) - USD ($)	6 Months Ended
	Dec. 31, 2019	Jun. 30, 2019
Subsidiary or Equity Method Investee [Line Items]
Preferred Stock, par value	$ 0.0001	$ 0.0001
Preferred Stock, outstanding	400,100	400,100
Preferred Stock, aggregate liquidation preference	$ 40,722,000	$ 40,722,000
Series B Preferred Stock [Member]
Subsidiary or Equity Method Investee [Line Items]
Preferred Stock, par value	$ 0.0001
Cumulative Preferred Stock, liquidation preference	$ 1,000
Preferred Stock, outstanding	100	100
Preferred Stock, aggregate liquidation preference	$ 102,000	$ 102,000
Cumulative Preferred Stock, dividend percentage	8.00%
Preferred stock, voting rights	no voting rights
Dividend on Preferred Stock	$ 105,000
Series C Preferred Stock [Member]
Subsidiary or Equity Method Investee [Line Items]
Preferred Stock, par value	$ 2
Cumulative Preferred Stock, liquidation preference	$ 100
Preferred Stock, outstanding	400,000	400,000
Preferred Stock, aggregate liquidation preference	$ 40,620,000	$ 40,620,000
Cumulative Preferred Stock, dividend percentage	9.00%
Preferred stock, voting rights	no voting rights
Preferred Stock redemption price per share	$ 100
Preferred Stock, dividend rate	2.00%
Stated liquidation value for every increase in dividend rate	$ 100
Dividend on Preferred Stock	$ 23,580,000

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2020USD ($)$ / $	Jun. 30, 2019USD ($)
Business Acquisition [Line Items]
Transaction costs | $	$ 189,000	$ 58,000	$ 512,000	$ 123,000
Number of acquisitions | $ / $			0

Senior and Other Debt - ANZ_CBA

Senior and Other Debt - ANZ/CBA Credit Facility and North America Leasing Senior Credit Facility - Additional Information (Detail)	Dec. 24, 2018USD ($)	Dec. 31, 2019USD ($)$ / $	Dec. 31, 2019AUD ($)	Dec. 31, 2019USD ($)$ / $	Jun. 30, 2019USD ($)	Jun. 30, 2019AUD ($)	Dec. 31, 2019AUD ($)$ / $
Line of Credit Facility [Line Items]
Borrowings under credit facility		$ 129,558,000		$ 129,558,000			$ 184,708,000
Cash available at bank		21,723,000		21,723,000			30,970,000
Deferred financing cost		692,000		$ 692,000			$ 987,000
Intercompany dividend description				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) $6,300,000 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 $5,000,000 or more under the Wells Fargo Credit Facility; (iv) the fixed charge coverage ratio, as defined, will be greater than 1.25 to 1.00; and (v) the dividends are paid no earlier than ten business days prior to the date they are due.
Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Payment of intercompany dividends from Pac-Van and Lone Star		5,000,000
Pac-Van [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Borrowings under credit facility		182,247,000		$ 182,247,000
Availability under ANZ credit facility		$ 73,491,000		$ 73,491,000
Minimum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio		1.25		1.25			1.25
Maximum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio | $ / $		1		1			1
Series C Preferred Stock [Member]
Line of Credit Facility [Line Items]
Payment of intercompany dividends from Pac-Van and Lone Star		$ 5,000,000
North America [Member] | Senior Secured Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity		$ 260,000,000		$ 260,000,000
North America [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt instrument maturity date		Jul. 31, 2021	Jul. 31, 2021
Line of credit facility maturity date		Mar. 24, 2022	Mar. 24, 2022
Line of Credit Facility Additional Increase in Maximum Borrowing Capacity		$ 25,000,000
Debt instrument extended maturity period		90 days	90 days
North America [Member] | Great American Capital Partners [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity		$ 20,000,000		20,000,000
Principal amortization of debt amount		$ 500,000
Frequency of interest payments		per quarter	per quarter
Aggregate principal amount of senior notes issued	$ 19,500,000
Interest payment terms		the FILO Term Loan, with a principal balance of $19,500,000, including accrued interest and prepayment fee of one percent, was repaid in full through borrowings from the Wells Fargo Credit Facility and all terms and provisions relating to the FILO Term Loan were terminated within the credit agreement.	the FILO Term Loan, with a principal balance of $19,500,000, including accrued interest and prepayment fee of one percent, was repaid in full through borrowings from the Wells Fargo Credit Facility and all terms and provisions relating to the FILO Term Loan were terminated within the credit agreement.
North America [Member] | Prepayment Prior to Second Anniversary [Member] | Great American Capital Partners [Member]
Line of Credit Facility [Line Items]
Prepayment fee percentage	1.00%
Unsecured senior notes [Member]
Line of Credit Facility [Line Items]
Payment of intercompany dividends from Pac-Van and Lone Star		$ 6,300,000
Base Rate [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate		0.50%	0.50%
Base Rate [Member] | Minimum [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate		1.00%	1.00%
Base Rate [Member] | Maximum [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate		1.50%	1.50%
Base Rate [Member] | First In Last Out Term Loan [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate		11.00%	11.00%
London Interbank Offered Rate (LIBOR) [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate		1.00%	1.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate		2.50%	2.50%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate		3.00%	3.00%
London Interbank Offered Rate (LIBOR) [Member] | First In Last Out Term Loan [Member] | Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate		1.00%	1.00%
ANZ/CBA Credit Facility [Member] | Asia-Pacific [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity							$ 150,000,000
Deutsche Bank Credit Facility [Member]
Line of Credit Facility [Line Items]
Borrowings under credit facility		$ 26,303,000		$ 26,303,000			$ 37,500,000
Debt instrument, financing fees		$ 2,014,000	$ 2,871,400
Debt instrument, fee					$ 737,600	$ 1,051,600
Debt instrument maturity date		Nov. 3, 2020	Nov. 3, 2020
Line of credit facility expiration		Mar. 22, 2021	Mar. 22, 2021
Deutsche Bank Credit Facility [Member] | Australian Dollar [Member]
Line of Credit Facility [Line Items]
Foreign currency exchange rate, translation		0.701415		0.701415			0.701415
Deutsche Bank Credit Facility [Member] | New Zealand Dollar [Member]
Line of Credit Facility [Line Items]
Foreign currency exchange rate, translation		0.673579		0.673579			0.673579
Deutsche Bank Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Debt instrument, prepayment penalties percentage		1.00%	1.00%
Interest rate		4.25%	4.25%
Deutsche Bank Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Debt instrument, prepayment penalties percentage		3.00%	3.00%
Interest rate		5.50%	5.50%
Deutsche Bank Credit Facility A [Member]
Line of Credit Facility [Line Items]
Borrowings under credit facility		$ 30,161,000		$ 30,161,000			$ 43,000,000
Line of credit facility amortization description		semi-annually	semi-annually
Deutsche Bank Credit Facility B [Member]
Line of Credit Facility [Line Items]
Borrowings under credit facility		$ 81,715,000		81,715,000			116,500,000
Deutsche Bank Credit Facility C [Member]
Line of Credit Facility [Line Items]
Borrowings under credit facility		$ 14,028,000		$ 14,028,000			$ 20,000,000

Senior and Other Debt - Bison C

Senior and Other Debt - Bison Capital Notes and Credit Suisse Term Loan - Additional Information (Detail)	Mar. 25, 2019USD ($)	Sep. 30, 2018shares	Dec. 31, 2019USD ($)Contract$ / sharesshares	Dec. 31, 2018shares	Jun. 30, 2019USD ($)	Mar. 25, 2019AUD ($)	Sep. 10, 2018USD ($)	Sep. 25, 2017USD ($)	Sep. 19, 2017USD ($)shares
Line of Credit Facility [Line Items]
Debt instrument principal amount converted into shares | shares		3,058,824		3,058,824
Debt instrument, convertible, terms of conversion feature			In the event that Bison Capital or holders of the Convertible Note receive aggregate proceeds in excess of $48,900,000 from the sale of GFN common stock received after the conversion of the Convertible Note, then 50% of the interest actually paid to Bison Capital (such amount, the “Price Increase”) shall be repaid by Bison Capital or holders of the Convertible Note by either (i) paying such Price Increase to GFNAPH in the form of cash, (ii) returning to GFN shares of GFN Common Stock with a value equal to the Price Increase or (iii) any combination of (i) or (ii) above that if the aggregate equals the Price Increase.
Fair value of bifurcated derivative			$ 14,888,000		$ 19,782,000
Senior Secured Convertible Promissory Notes [Member]
Line of Credit Facility [Line Items]
Interest rate of senior notes									11.90%
Aggregate principal amount of senior notes issued			$ 26,000,000					$ 24,136,000	$ 26,000,000
Debt instrument principal amount converted into shares | shares			3,058,824
Fair value of bifurcated derivative							$ 20,370,000	$ 1,864,000
Senior Secured Convertible Promissory Notes [Member] | Debt Instrument Minimum Rate of Return [Member]
Line of Credit Facility [Line Items]
Fair value of bifurcated derivative							8,918,000
Senior Secured Convertible Promissory Notes [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Debt instrument, convertible, conversion ratio			1.75
Senior Secured Convertible Promissory Notes [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Fair value of bifurcated derivative							$ 29,288,000
Senior Secured Promissory Notes [Member]
Line of Credit Facility [Line Items]
Interest rate of senior notes									11.90%
Aggregate principal amount of senior notes issued									$ 54,000,000
Senior Secured Promissory Notes [Member] | Deutsche Bank Credit Facility [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount of senior notes issued	$ 63,311,000					$ 89,804,000
Prepayment fee percentage	2.00%
Bison Capital Notes [Member]
Line of Credit Facility [Line Items]
Minimum EBITDA requirement			$ 30,000,000
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
Bison Capital Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Line of Credit Facility [Line Items]
Prepayment as Percentage of outstanding principal balance plus accrued and unpaid interest			102.00%
Bison Capital Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Line of Credit Facility [Line Items]
Prepayment as Percentage of outstanding principal balance plus accrued and unpaid interest			101.00%
Bison Capital Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Line of Credit Facility [Line Items]
Prepayment as Percentage of outstanding principal balance plus accrued and unpaid interest			0.00%
Bison Capital Notes [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Proceeds from convertible debt			$ 48,900,000
Bison Capital Notes [Member] | Royal Wolf Holdings [Member]
Line of Credit Facility [Line Items]
Business acquisition, shares to be acquired | shares									49,188,526
Bison Capital Notes [Member] | NASDAQ CAPITAL MARKET [Member]
Line of Credit Facility [Line Items]
Debt instrument, convertible, threshold consecutive trading days | Contract			20
Debt instrument, convertible, converted value in excess of principal			$ 600,000

Senior and Other Debt - Senior

Senior and Other Debt - Senior Notes and Other Debt - Additional Information (Detail)	Oct. 31, 2018USD ($)$ / shares	Apr. 24, 2017USD ($)	Dec. 31, 2019USD ($)$ / $	Dec. 31, 2018	Dec. 31, 2019USD ($)$ / $	Jun. 30, 2020	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 18, 2014USD ($)
Pac Van and Lone Star Leasing [Member]
Line of Credit Facility [Line Items]
Intercompany dividends percentage on senior notes gross proceeds		80.00%
Equipment Financing and Other [Member]
Line of Credit Facility [Line Items]
Other debt			$ 10,145,000		$ 10,145,000
Maximum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio | $ / $			1		1
Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Repayment of indebtedness		$ 4,303,376
Wells Fargo Credit Facility [Member] | North America [Member]
Line of Credit Facility [Line Items]
Debt instrument maturity date					Jul. 31, 2021
Other [Member] | Asia-Pacific [Member]
Line of Credit Facility [Line Items]
Weighted-average interest rate			7.70%	8.90%		7.80%	9.40%
Other [Member] | North America [Member]
Line of Credit Facility [Line Items]
Weighted-average interest rate			5.80%	7.20%		6.00%	6.90%
Senior Notes 8.125% [Member]
Line of Credit Facility [Line Items]
Terms of principal amount redemption					The Company had an option, prior to July 31, 2017, to redeem the Senior Notes in whole or in part upon the payment of 100% of the principal amount of the Senior Notes being redeemed, plus any additional amount required by the Indenture. In addition, the Company may have redeemed up to 35% of the aggregate outstanding principal amount of the Senior Notes before July 31, 2017 with the net cash proceeds from certain equity offerings at a redemption price of 108.125% of the principal amount plus accrued and unpaid interest.
Senior notes redemption percentage on principal amount					35.00%
Redemption price percentage on principal amount plus accrued and unpaid interest					108.125%
Senior Notes 8.125% [Member] | Second Supplemental Indenture [Member]
Line of Credit Facility [Line Items]
Notes issued denominations and multiples of denominations	$ 25
Debt instrument, aggregate original issue discount		10,780
Percentage of Shareholders concluded a consent solicitation	63.30%
Consent fee paid	$ 195,820
Notes issued denominations and multiples of denominations, per share | $ / shares	$ 0.10
Senior Notes 8.125% [Member] | Unsecured senior notes [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount of senior notes issued		5,390,000					$ 77,390,000	$ 72,000,000
Notes issued denominations and multiples of denominations									$ 25
Notes issued denominations		24.95
Aggregate principal amount of senior notes issued, net of unamortized debt issuance costs			$ 76,473,000		$ 76,473,000		76,184,000
Unamortized debt issuance costs			$ 917,000		$ 917,000		$ 1,206,000
Proceeds from issuance of unsecured senior notes net off underwriting discounts and offering costs		5,190,947
Underwriting discount		$ 188,273
Interest rate of senior notes									8.125%
Frequency of interest payments					quarterly
Interest payment terms					Interest on the Senior Notes is payable quarterly in arrears on January 31, April 30, July 31 and October 31, commencing on July 31, 2014.
Senior Notes 8.125% [Member] | On or after July 31, 2017 [Member]
Line of Credit Facility [Line Items]
Senior notes redemption percentage on principal amount					100.00%
Redemption price percentage on principal amount plus accrued and unpaid interest					102.031%		106.094%

Financial Instruments - Derivat

Financial Instruments - Derivative Instruments at Fair Value, Classification in Consolidated Balances Sheets (Detail) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Trade Payables and Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Trade payables and accrued liabilities	$ 278	$ 18
Swap Contracts [Member] | Trade Payables and Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Trade payables and accrued liabilities	2,286	2,233
Forward-Exchange Contracts [Member] | Trade and Other Receivables [Member]
Derivatives, Fair Value [Line Items]
Trade payables and accrued liabilities		2
Bifurcated Derivatives [Member] | Fair Value of Bifurcated Derivatives in Convertible Note [Member]
Derivatives, Fair Value [Line Items]
Trade payables and accrued liabilities	$ 14,888	$ 19,782

Financial Instruments - Deriv_2

Financial Instruments - Derivative Instruments at Fair Value, Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) in Income
Swap Contracts [Member] | Unrealized gain (loss) included in "Interest expense"
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) in Income
Forward-Exchange Contracts [Member] | Unrealized foreign currency exchange gain (loss) included in "Foreign exchange and other"
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) in Income	(587)	$ (34)	(256)	(127)
Bifurcated Derivatives [Member] | Change in valuation of bifurcated derivatives in Bifurcated Derivatives Convertible Note [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) in Income	$ 3,902	$ (9,332)	$ 4,894	$ (21,698)

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail)	3 Months Ended			6 Months Ended		12 Months Ended
	Dec. 31, 2019USD ($)Contract	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2019USD ($)Contract	Dec. 31, 2018USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)Contract	Jun. 30, 2017USD ($)	Dec. 31, 2019AUD ($)Contract
Derivative [Line Items]
Unrealized foreign exchange gains (losses)	$ 881,000	$ (1,644,000)		$ 5,000	$ 1,268,000		$ (1,268,000)
Realized foreign exchange gains (losses)	(28,000)	$ (112,000)					$ (3,687,000)
Deferred financing costs,Net	$ 692,000			$ 692,000					$ 987,000
Scenario, Forecast [Member]
Derivative [Line Items]
Unrealized foreign exchange gains (losses)						$ (5,000)
Realized foreign exchange gains (losses)						$ (45,000)
Forward-Exchange [Member]
Derivative [Line Items]
Number of derivative contract | Contract	32			32			21		32
Forward-Exchange [Member] | Minimum [Member]
Derivative [Line Items]
Derivative maturity date				2020-01			2019-07
Forward-Exchange [Member] | Maximum [Member]
Derivative [Line Items]
Derivative maturity date				2020-05			2019-10
Unrealized gain (loss) included in interest expense [Member] | Interest rate swap contract [Member]
Derivative [Line Items]
Gain on portion of cash flow hedge							$ 0	$ 0
Debt break cost incurred			$ 148,000
Senior credit facilities [Member]
Derivative [Line Items]
Carrying value of line of credit							406,499,000
Deferred financing costs,Net							2,314,000
Senior credit facilities [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative [Line Items]
Fair value of borrowings							402,245,000
Other debt [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative [Line Items]
Fair value of borrowings							$ 6,956,000

Financial Instruments - Open In

Financial Instruments - Open Interest Rate Swap Contract (Detail) - Interest rate swap contract [Member] - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Derivatives, Fair Value [Line Items]
Notional amounts	$ 70,142,000	$ 70,287,000
Fixed/Strike Rates	7.17%	7.42%
Floating Rates	6.14%	6.70%
Fair Value of Combined Contracts	$ (2,286,000)	$ (2,233,000)

Financial Instruments - Open Fo

Financial Instruments - Open Forward Exchange and Participating Forward Contracts (Detail) - Forward-Exchange [Member]	Dec. 31, 2019USD ($)$ / $	Jun. 30, 2019USD ($)$ / $
Derivatives, Fair Value [Line Items]
Notional amounts | $	$ 12,421	$ 9,305
Fair Value of Combined Contracts | $	$ (278)	$ (16)
Minimum [Member]
Derivatives, Fair Value [Line Items]
Exchange/Strike Rates (AUD to USD) | $ / $	0.62766	0.67313
Maximum [Member]
Derivatives, Fair Value [Line Items]
Exchange/Strike Rates (AUD to USD) | $ / $	0.69982	0.72039

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Detail)	1 Months Ended	3 Months Ended			6 Months Ended	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Aug. 31, 2019	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)ft²	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Related Party Transaction [Line Items]
Rental payment				$ 3,321,000		$ 6,601,000
Tax Included In Lease Payments					$ 29,000,000
Affiliate of Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Rental payment	$ 7,393	$ 28,000		28,000			$ 55,000
Office space | ft²					3,000
Term of lease	5 years	5 years			5 years
Renewal options of lease	5 years	5 years			5 years
Affiliate of Chief Executive Officer [Member] | Scenario, Forecast [Member]
Related Party Transaction [Line Items]
Rental payment						55,000
Pac Van Las Vegas [Member]
Related Party Transaction [Line Items]
Rental payment	$ 10,876	$ 38,000		$ 38,000			$ 100,000
Renewal options of lease	2 years	2 years			2 years
Lease expiration date			Dec. 31, 2020
Pac Van Las Vegas [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Rental payment	$ 11,420
Pac Van Las Vegas [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Rental payment	$ 12,590
Pac Van Las Vegas [Member] | Scenario, Forecast [Member]
Related Party Transaction [Line Items]
Rental payment						$ 76,000

Equity Plans - Additional Infor

Equity Plans - Additional Information (Detail) - USD ($)	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019	Dec. 07, 2017	Sep. 11, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding stock options	1,626,196		1,676,196
Market price of common stock	$ 11.07
Intrinsic value of the outstanding stock options	$ 11,208,000
Share-based compensation expense	$ 1,368,000	$ 1,341,000
Time-based options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding stock options	1,057,972
Performance-based options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding stock options	568,224
2014 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of option granted				1,500,000	1,500,000
Stock option plan expiration date	Dec. 4, 2024
Number of shares reserved for issuance				1,000,000
2014 Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of option granted				2,500,000
2009 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option plan expiration date	Dec. 10, 2019
2009 Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of option granted				2,500,000
2006 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option plan expiration date	Jun. 30, 2016
Non-qualified stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	670,489
Non-qualified stock options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense to be recorded on a straight-line basis	$ 400,000
Share-based compensation recognized in statements of operations	$ 1,134,000
RSU [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining vesting period	1 year 8 months 12 days
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 9,263,000
Unrecognized compensation expense to be recorded on a straight-line basis	$ 352,000
Remaining vesting period	3 months 18 days
Nonemployee Consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding stock options	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense to be recorded on a straight-line basis	$ 1,969,000
Share-based compensation recognized in statements of operations	$ 5,271,000
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining vesting period	2 years 5 months 12 days

Equity Plans - Fair Value of St

Equity Plans - Fair Value of Stock Options Granted (Detail) - Stock options [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)$ / 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 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock options	$ 0.81
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock options	$ 6.35

Equity Plans - Stock Option Act

Equity Plans - Stock Option Activity and Related Information (Detail) - $ / shares	3 Months Ended				6 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2019
Number of Options (Shares)
Outstanding beginning balance		1,676,196			1,676,196
Granted					0
Exercised	(2,500)	(47,500)	(41,094)	(101,369)	(50,000)
Forfeited or expired					0
Outstanding ending balance	1,626,196				1,626,196
Vested and expected to vest	1,626,196				1,626,196
Exercisable	1,446,395				1,446,395
Weighted-Average Exercise Price
Outstanding beginning balance		$ 4.39			$ 4.39
Exercised					1.97
Outstanding ending balance	$ 4.47				4.47
Vested and expected to vest	4.47				4.47
Exercisable	$ 4.17				$ 4.17
Weighted-Average Remaining Contractual Term (Years)
Outstanding					4 years 7 months 6 days
Vested and expected to vest					4 years 7 months 6 days
Exercisable					4 years 2 months 12 days

Equity Plans - Summary of Non-V

Equity Plans - Summary of Non-Vested Equity Share Activity (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested	(55,957)	(66,073)
Forfeited	(1,000)
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested beginning balance	329,417		329,417
Granted			27,985
Vested			(24,855)
Forfeited			(1,000)
Non-vested ending balance			331,547
Non-vested beginning balance	$ 8.28		$ 8.28
Granted			10.72
Vested			12.07
Forfeited			10.34
Non-vested ending balance			$ 8.19
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested beginning balance	139,187		139,187
Vested			(55,957)
Non-vested ending balance			83,230
Non-vested beginning balance	$ 7.62		$ 7.62
Vested			7.35
Non-vested ending balance			$ 7.81

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Feb. 01, 2017	Dec. 31, 2019	Jun. 30, 2019
Commitment And Contingencies [Line Items]
Trade payables and accrued liabilities		$ 43,843,000	$ 48,460,000
Self Insured Liabilities [Member]
Commitment And Contingencies [Line Items]
Trade payables and accrued liabilities		$ 1,069,000	$ 1,335,000
Self Insured Liabilities [Member] | Maximum [Member]
Commitment And Contingencies [Line Items]
Insurance liabilities per policy period	$ 1,200,000

Cash Flows from Operating Act_3

Cash Flows from Operating Activities and Other Financial Information - Summary of Cash Flows from Operating Activities (Detail) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ 10,441,000	$ 5,951,000	$ (4,206,000)	$ (8,164,000)	$ 16,392,000	$ (12,370,000)
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Gain on sales and disposals of property, plant and equipment					(177,000)	(75,000)
Gain on sales of lease fleet					(4,738,000)	(4,229,000)
Gains on bargain purchases of businesses						(1,767,000)
Unrealized foreign exchange loss	881,000		(1,644,000)		5,000	1,268,000	$ (1,268,000)
Non-cash realized foreign exchange loss on forced conversion of Convertible Note	28,000		112,000				$ 3,687,000
Unrealized loss on forward exchange contracts					256,000	127,000
Unrealized gain on interest rate swap
Change in valuation of bifurcated derivatives in Convertible Note	(3,902,000)		9,332,000		(4,894,000)	21,698,000
Depreciation and amortization	$ 8,706,000		$ 11,155,000		18,218,000	21,258,000
Amortization of deferred financing costs					927,000	1,420,000
Accretion of interest						(555,000)
Interest deferred on Senior Term Note						3,191,000
Share-based compensation expense					1,368,000	1,341,000
Deferred income taxes					5,242,000	3,251,000
Changes in operating assets and liabilities (excluding assets and liabilities from acquisitions):
Trade and other receivables, net					4,872,000	(4,852,000)
Inventories					(2,316,000)	(12,937,000)
Prepaid expenses and other					(588,000)	(2,488,000)
Trade payables, accrued liabilities and unearned revenues					3,091,000	2,011,000
Income taxes					(198,000)	(473,000)
Net cash provided by operating activities					$ 37,460,000	19,373,000
Convertible Note [Member]
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Non-cash realized foreign exchange loss on forced conversion of Convertible Note						$ 3,554,000

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)Segment	Dec. 31, 2018USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Segment Reporting Information [Line Items]
Number of geographic units | Segment			2
Number of operating segments | Segment			4
Sales	$ 31,324	$ 34,484	$ 62,288	$ 73,958
North America [Member]
Segment Reporting Information [Line Items]
Sales	18,194	19,776	37,285	46,072
North America [Member] | Corporate and Intercompany Adjustments [Member]
Segment Reporting Information [Line Items]
Sales	(1,485)	(946)	$ (2,818)	$ (1,425)		$ 1,425
Lone Star Leasing [Member] | North America [Member] | Corporate and Intercompany Adjustments [Member]
Segment Reporting Information [Line Items]
Sales	$ 70	$ 554				$ 1,025
Scenario, Forecast [Member] | North America [Member] | Corporate and Intercompany Adjustments [Member]
Segment Reporting Information [Line Items]
Sales					$ 2,818
Scenario, Forecast [Member] | Lone Star Leasing [Member] | North America [Member] | Corporate and Intercompany Adjustments [Member]
Segment Reporting Information [Line Items]
Sales					$ 355

Segment Reporting - Summary of

Segment Reporting - Summary of Segment Reporting Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Revenues:
Sales	$ 31,324	$ 34,484	$ 62,288	$ 73,958
Leasing	60,785	63,509	119,718	121,827
Total revenues	92,109	97,993	182,006	195,785
Share-based compensation	685	663	1,368	1,341
Depreciation and amortization	8,706	11,155	18,218	21,258
Operating income	17,019	17,455	31,949	33,660
Interest income	180	33	366	81
Interest expense	6,930	8,868	14,254	17,493
Additions to long-lived assets			38,084	39,163
Long-lived assets	490,852		490,852		$ 479,717
Right of use assets	70,149		70,149
Goodwill	111,275		111,275		111,323
North America [Member]
Revenues:
Sales	18,194	19,776	37,285	46,072
Leasing	43,972	46,776	87,639	89,480
Total revenues	62,166	66,552	124,924	135,552
Share-based compensation	502	471	1,002	957
Depreciation and amortization	5,650	6,139	11,209	12,085
Operating income	12,373	14,018	24,600	27,807
Interest income	1	2	2	2
Interest expense	4,253	5,367	8,762	10,089
Additions to long-lived assets			30,177	27,402
Long-lived assets	352,899		352,899		338,028
Right of use assets	30,867		30,867
Goodwill	85,307		85,307		85,299
North America [Member] | Corporate and Intercompany Adjustments [Member]
Revenues:
Sales	(1,485)	(946)	(2,818)	(1,425)	1,425
Leasing	(103)	(587)	(421)	(1,091)
Total revenues	(1,588)	(1,533)	(3,239)	(2,516)
Share-based compensation	375	384	749	783
Depreciation and amortization	(179)	(189)	(358)	(373)
Operating income	(1,486)	(1,331)	(3,104)	(2,632)
Interest income	1	2	2	2
Interest expense	1,717	1,711	3,434	3,410
Additions to long-lived assets			(313)	(101)
Long-lived assets	(9,561)		(9,561)		(9,606)
Right of use assets	315		315
North America [Member] | Pac-Van Leasing [Member] | Operating Segments [Member]
Revenues:
Sales	16,576	17,105	33,494	39,563
Leasing	37,449	34,261	73,051	64,655
Total revenues	54,025	51,366	106,545	104,218
Share-based compensation	106	74	211	148
Depreciation and amortization	4,079	3,841	8,099	7,505
Operating income	13,412	11,079	25,190	20,808
Interest expense	2,428	3,240	5,057	5,831
Additions to long-lived assets			29,645	25,997
Long-lived assets	318,076		318,076		301,233
Right of use assets	27,660		27,660
Goodwill	64,525		64,525		64,517
North America [Member] | Lone Star Leasing [Member] | Operating Segments [Member]
Revenues:
Sales	35		35
Leasing	6,626	13,102	15,009	25,916
Total revenues	6,661	13,102	15,044	25,916
Share-based compensation	12	7	24	14
Depreciation and amortization	1,653	2,386	3,270	4,750
Operating income	650	4,149	2,541	9,022
Interest expense	78	340	205	689
Additions to long-lived assets			813	1,501
Long-lived assets	42,843		42,843		44,694
Right of use assets	2,588		2,588
Goodwill	20,782		20,782		20,782
North America [Member] | Lone Star Leasing [Member] | Corporate and Intercompany Adjustments [Member]
Revenues:
Sales	70	554			1,025
North America [Member] | Pac Van and Lone Star Leasing [Member] | Operating Segments [Member]
Revenues:
Sales	16,611	17,105	33,529	39,563
Leasing	44,075	47,363	88,060	90,571
Total revenues	60,686	64,468	121,589	130,134
Share-based compensation	118	81	235	162
Depreciation and amortization	5,732	6,227	11,369	12,255
Operating income	14,062	15,228	27,731	29,830
Interest expense	2,506	3,580	5,262	6,520
Additions to long-lived assets			30,458	27,498
Long-lived assets	360,919		360,919		345,927
Right of use assets	30,248		30,248
Goodwill	85,307		85,307		85,299
North America [Member] | Manufacturing [Member] | Operating Segments [Member]
Revenues:
Sales	3,068	3,617	6,574	7,934
Total revenues	3,068	3,617	6,574	7,934
Share-based compensation	9	6	18	12
Depreciation and amortization	97	101	198	203
Operating income	(203)	121	(27)	609
Interest expense	30	76	66	159
Additions to long-lived assets			32	5
Long-lived assets	1,541		1,541		1,707
Right of use assets	304		304
Asia-Pacific [Member] | Royal Wolf Leasing [Member] | Operating Segments [Member]
Revenues:
Sales	13,130	14,708	25,003	27,886
Leasing	16,813	16,733	32,079	32,347
Total revenues	29,943	31,441	57,082	60,233
Share-based compensation	183	192	366	384
Depreciation and amortization	3,056	5,016	7,009	9,173
Operating income	4,646	3,437	7,349	5,853
Interest income	179	31	364	79
Interest expense	2,677	$ 3,501	5,492	7,404
Additions to long-lived assets			7,907	$ 11,761
Long-lived assets	137,953		137,953		141,689
Right of use assets	39,282		39,282
Goodwill	$ 25,968		$ 25,968		$ 26,024

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Series C Preferred Stock [Member] - $ / shares	Oct. 11, 2019	Jan. 16, 2020
Subsequent Event [Line Items]
Dividend declared date	Oct. 30, 2019
Dividend payable date	Oct. 31, 2019
Dividend payable record date	Oct. 30, 2019
Subsequent Events [Member]
Subsequent Event [Line Items]
Cash dividend, amount per share		$ 2.30