Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v3.20.2
Related Party Transactions (Tables)
 12 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Schedule of Related Party Receivable and Payables Balances

As of June 30, 2020 and June 30, 2019, the Company had related party receivables and payables balances as set forth below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

 

 

June 30, 2019

 

 

 

Receivables

 

 

 

Payables

 

 

 

Receivables

 

 

 

Payables

 

Stack's Bowers Galleries

 

$

7,981

 

(1)

 

$

—

 

 

 

$

17,630

 

 

 

$

—

 

Equity method investees

 

 

1,828

 

(2)

 

 

3,421

 

(3)

 

 

4,978

 

 

 

 

163

 

SilverTowne

 

 

77

 

(2)

 

 

—

 

 

 

 

241

 

 

 

 

—

 

 

 

$

9,886

 

 

 

$

3,421

 

 

 

$

22,849

 

 

 

$

163

 

 

(1)

Balance principally includes two secured lines of credit with a balance of $8.0 million and $0.7 million (shown as a component of secured loans receivable); offset by $0.7 million of trade payables.  See "Secured Lines of Credit", below.

(2)

Balance primarily represents trade receivables, net (shown as a component of receivables).

(3)

Balance primarily represents trade payables, net (shown as a component of accounts payable and other current liabilities).
Schedule of Sales and Purchases of Related Parties

During the years ended June 30, 2020 and 2019, the Company made sales and purchases to various companies, which have been deemed to be related parties, as follows:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

Stack's Bowers Galleries

 

$

53,783

 

 

$

47,765

 

 

$

30,418

 

 

$

36,946

 

Equity method investees

 

 

828,765

 

 

 

30,989

 

 

 

508,552

 

 

 

16,679

 

SilverTowne L.P.

 

 

8,061

 

 

 

748

 

 

 

12,914

 

 

 

1,611

 

 

 

$

890,609

 

 

$

79,502

 

 

$

551,884

 

 

$

55,236

 

 
Schedule of Interest Income

During the years ended June 30, 2020 and 2019, the Company earned interest income related to loans made to Stack's Bowers and to financing arrangements (including repurchase agreements) with affiliated companies, as set forth below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

June 30,

2020

 

 

June 30,

2019

 

Interest income from secured loans receivables

 

$

917

 

 

$

1,058

 

Interest income from finance products and

   repurchase arrangements

 

 

6,341

 

 

 

6,275

 

 

 

$

7,258

 

 

$

7,333