Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.7.0.1
Related Party Transactions (Tables)
9 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
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