| Schedule of Related Party Transactions |
During the three and nine months ended March 31, 2017 and 2016, the Company made sales and purchases to various companies, which have been deemed to be related parties.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
|
March 31, 2017 |
|
March 31, 2016 |
March 31, 2017 |
|
March 31, 2016 |
|
|
Sales |
|
Purchases |
|
Sales |
|
Purchases |
|
Sales |
|
Purchases |
|
Sales |
|
Purchases |
|
Former Parent |
|
$ |
16,410 |
|
|
$ |
15,105 |
|
|
$ |
6,695 |
|
|
$ |
1,242 |
|
|
$ |
38,077 |
|
|
$ |
38,441 |
|
|
$ |
25,595 |
|
|
$ |
31,810 |
|
|
Equity method investee |
|
126,354 |
|
|
— |
|
|
154,848 |
|
|
1,170 |
|
|
392,890 |
|
|
812 |
|
|
558,804 |
|
|
5,595 |
|
|
Silvertowne L.P. |
|
5,156 |
|
|
1,210 |
|
|
167 |
|
|
1,712 |
|
|
23,975 |
|
|
3,952 |
|
|
3,858 |
|
|
26,284 |
|
|
|
|
$ |
147,920 |
|
|
$ |
16,315 |
|
|
$ |
161,710 |
|
|
$ |
4,124 |
|
|
$ |
454,942 |
|
|
$ |
43,205 |
|
|
$ |
588,257 |
|
|
$ |
63,689 |
|
|
Balances with Affiliated Companies
As of March 31, 2017 and June 30, 2016, the Company had related party receivables and payables balances as set forth below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
|
|
|
|
|
|
|
|
March 31, 2017 |
|
June 30, 2016 |
|
|
|
Receivables |
|
Payable |
|
Receivables |
|
Payable |
|
Former Parent |
|
$ |
7,853 |
|
|
$ |
— |
|
|
$ |
1,913 |
|
|
$ |
138 |
|
|
Equity method investee |
|
1,469 |
|
|
— |
|
|
2,396 |
|
|
— |
|
|
Silvertowne L.P. |
|
— |
|
|
(1,872 |
) |
(1) |
— |
|
|
282 |
|
|
|
|
$ |
9,322 |
|
|
$ |
(1,872 |
) |
|
$ |
4,309 |
|
|
$ |
420 |
|
|
|
|
|
|
|
|
|
|
|
|
_________________________________ |
|
1) Includes a short-term earn-out liability of $0.2 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). |
|
During the three and nine months ended March 31, 2017 and 2016, 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
|
March 31, 2017 |
|
March 31, 2016 |
|
March 31, 2017 |
|
March 31, 2016 |
|
Interest income from loan receivables |
|
$ |
118 |
|
|
$ |
16 |
|
|
$ |
150 |
|
|
$ |
48 |
|
|
Interest income from finance products |
|
777 |
|
|
577 |
|
|
2,132 |
|
|
1,725 |
|
|
|
|
$ |
895 |
|
|
$ |
593 |
|
|
$ |
2,282 |
|
|
$ |
1,773 |
|
|
|
|
|
|
|
|
|
|
|
|
|