Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.5.0.2
Related Party Transactions (Tables)
3 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
During the three months ended September 30, 2016 and 2015 , the Company made sales and purchases to various companies, which have been deemed to be related parties.
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
 
 
September 30, 2016
 
September 30, 2015
 
 
Sales
 
Purchases
 
Sales
 
Purchases
 
Former Parent
 
$
6,668

 
$
11,199

 
$
10,482

 
$
27,004

 
Equity method investee
 
129,076

 
89

 
246,869

 
3,311

 
Silver Towne
 
6,789

 
2,612

 
3,109

 
10,983

 
 
 
$
142,533

 
$
13,900

 
$
260,460

 
$
41,298

 
Balances with Affiliated Companies
As of September 30, 2016 and June 30, 2016, the Company had related party receivables and payables balances as set forth below:
 in thousands
 
 
 
 
 
 
 
 
 
 
 
September 30, 2016
 
June 30, 2016
 
 
 
Receivables
 
Payable
 
Receivables
 
Payable
 
Former Parent
 
$
684

 
$
45

 
$
1,913

 
$
138

 
Equity method investee
 
294

 

 
2,396

 

 
Silver Towne
 
81

 
2,023

(1) 

 
282

 
 
 
$
1,059

 
$
2,068

 
$
4,309

 
$
420

 
 
 
 
 
 
 
 
 
 
 
_________________________________
 
1) Includes a short-term earn-out liability of $0.4 million and a payable of $0.5 million recorded in accrued liabilities, and a long-term earn-out liability $1.1 million recorded in other long-term liabilities.
 
During the three months ended September 30, 2016 and 2015, the Company earned interest income related to loans made to Former Parent and related to financing products sold to Former Parent and to the equity method investee, as set forth below:
in thousands
 
 
 
 
 
Three Months Ended
 
 
 
September 30, 2016
 
September 30, 2015
 
Interest income from loan receivables
 
$
10

 
$
21

 
Interest income from finance products
 
668

 
494

 
 
 
$
678

 
$
515