| Schedule of Related Party Transactions |
During the years ended June 30, 2017 and 2016, the Company made sales and purchases to various companies, which have been deemed to be related parties, as follows:
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in thousands |
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Years Ended June 30, |
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2017 |
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2016 |
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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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$ |
47,384 |
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$ |
47,979 |
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$ |
30,544 |
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$ |
42,264 |
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Equity method investee |
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477,477 |
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2,979 |
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717,309 |
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6,867 |
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SilverTowne |
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27,834 |
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4,648 |
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4,697 |
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26,789 |
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$ |
552,695 |
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$ |
55,606 |
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$ |
752,550 |
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$ |
75,920 |
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Balances with Affiliated Companies
As of June 30, 2017 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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June 30, 2017 |
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June 30, 2016 |
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Receivables |
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Payables |
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Receivables |
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Payables |
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Former Parent |
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$ |
— |
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$ |
27 |
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$ |
1,775 |
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(1) |
$ |
— |
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Equity method investee |
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— |
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|
558 |
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2,396 |
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— |
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SilverTowne |
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— |
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|
1,768 |
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(2) |
— |
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|
282 |
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$ |
— |
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$ |
2,353 |
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$ |
4,171 |
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$ |
282 |
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_________________________________ |
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1) Balance includes a secured line of credit balance of $1.4 million. |
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2) Balance includes: (a) a short-term earn-out liability of $0.2 million (included as a component of the accrued liabilities balance), (b) a notes payable of $0.5 million (shown as notes payable - related party), and (c) a contingent earn-out liability of $1.1 million (shown as other long-term liabilities). |
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During the years ended June 30, 2017 and 2016, the Company earned interest income related to loans made to Former Parent and related to financing products sold to affiliated companies, as set forth below:
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in thousands |
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Years Ended June 30, |
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2017 |
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2016 |
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Interest income from loan receivables |
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$ |
171 |
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$ |
65 |
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Interest income from finance products |
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2,787 |
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|
2,302 |
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$ |
2,958 |
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$ |
2,367 |
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