| Schedule of Related Party Transactions |
During the three and six months ended December 31, 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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Six Months Ended |
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December 31, 2016 |
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December 31, 2015 |
December 31, 2016 |
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December 31, 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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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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$ |
14,999 |
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$ |
12,137 |
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$ |
8,418 |
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$ |
3,564 |
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$ |
21,667 |
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$ |
23,336 |
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$ |
18,900 |
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$ |
30,568 |
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Equity method investee |
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137,460 |
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408 |
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157,087 |
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1,114 |
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266,536 |
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497 |
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403,956 |
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4,425 |
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Silvertowne |
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12,030 |
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130 |
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582 |
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13,589 |
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18,819 |
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2,742 |
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3,691 |
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24,572 |
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$ |
164,489 |
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$ |
12,675 |
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$ |
166,087 |
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$ |
18,267 |
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$ |
307,022 |
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$ |
26,575 |
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$ |
426,547 |
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$ |
59,565 |
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Balances with Affiliated Companies
As of December 31, 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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December 31, 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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$ |
3,017 |
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$ |
— |
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$ |
1,913 |
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$ |
138 |
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Equity method investee |
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— |
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884 |
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2,396 |
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— |
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Silvertowne |
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— |
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2,107 |
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(1) |
— |
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282 |
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$ |
3,017 |
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$ |
2,991 |
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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 (recorded in accrued liabilities) and a payable of $0.5 million (recorded as short-term notes payable) , and a long-term earn-out liability $1.1 million (recorded in other long-term liabilities). |
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During the three and six months ended December 31, 2016 and 2015, the Company earned interest income related to loans made to Former Parent and related to financing products sold to affiliated companies, as set forth below:
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in thousands |
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Three Months Ended |
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Six Months Ended |
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December 31, 2016 |
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December 31, 2015 |
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December 31, 2016 |
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December 31, 2015 |
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Interest income from loan receivables |
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$ |
22 |
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$ |
11 |
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$ |
32 |
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$ |
32 |
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Interest income from finance products |
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687 |
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654 |
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1,355 |
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1,148 |
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$ |
709 |
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$ |
665 |
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$ |
1,387 |
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$ |
1,180 |
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