| 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.
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in thousands |
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Three Months Ended |
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September 30, 2016 |
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September 30, 2015 |
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Sales |
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Purchases |
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Sales |
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Purchases |
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Former Parent |
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$ |
6,668 |
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$ |
11,199 |
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$ |
10,482 |
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$ |
27,004 |
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Equity method investee |
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129,076 |
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89 |
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246,869 |
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3,311 |
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Silver Towne |
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6,789 |
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2,612 |
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3,109 |
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10,983 |
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$ |
142,533 |
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$ |
13,900 |
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$ |
260,460 |
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$ |
41,298 |
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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:
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in thousands |
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September 30, 2016 |
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June 30, 2016 |
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Receivables |
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Payable |
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Receivables |
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Payable |
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Former Parent |
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$ |
684 |
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$ |
45 |
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$ |
1,913 |
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$ |
138 |
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Equity method investee |
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294 |
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2,396 |
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— |
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Silver Towne |
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81 |
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2,023 |
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(1) |
— |
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|
282 |
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$ |
1,059 |
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$ |
2,068 |
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$ |
4,309 |
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$ |
420 |
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_________________________________ |
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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 $1.1 million recorded in other long-term liabilities. |
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During the three months ended September 30, 2016 and 2015, the Company earned interest income related to loans made to Former Parent and related to financing products sold to Former Parent and to the equity method investee, as set forth below:
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in thousands |
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Three Months Ended |
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September 30, 2016 |
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September 30, 2015 |
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Interest income from loan receivables |
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$ |
10 |
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$ |
21 |
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Interest income from finance products |
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668 |
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|
494 |
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$ |
678 |
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$ |
515 |
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