| Schedule of Related Party Transactions |
During the three months ended September 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:
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
Three Months Ended September 30, |
|
2017 |
|
2016 |
|
Interest income from secured loan receivables |
|
$ |
2 |
|
|
$ |
10 |
|
|
Interest income from finance products |
|
544 |
|
|
668 |
|
|
|
|
$ |
546 |
|
|
$ |
678 |
|
|
|
|
|
|
|
|
During the three months ended September 30, 2017 and 2016, the Company made sales and purchases to various companies, which have been deemed to be related parties, as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
|
|
Three Months Ended September 30, |
|
2017 |
|
2016 |
|
|
Sales |
|
Purchases |
|
Sales |
|
Purchases |
|
Former Parent |
|
$ |
4,432 |
|
|
$ |
2,389 |
|
|
$ |
6,668 |
|
|
$ |
11,199 |
|
|
Equity method investee |
|
81,971 |
|
|
358 |
|
|
129,076 |
|
|
89 |
|
|
SilverTowne |
|
3,150 |
|
|
99 |
|
|
6,789 |
|
|
2,612 |
|
|
|
|
$ |
89,553 |
|
|
$ |
2,846 |
|
|
$ |
142,533 |
|
|
$ |
13,900 |
|
|
Balances with Affiliated Companies or Persons
As of September 30, 2017 and June 30, 2017, the Company had related party receivables and payables balances as set forth below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
|
|
|
|
|
|
|
|
September 30, 2017 |
|
June 30, 2017 |
|
|
|
Receivables |
|
Payables |
|
Receivables |
|
Payables |
|
Former Parent |
|
$ |
2,854 |
|
(1) |
$ |
— |
|
|
$ |
— |
|
|
$ |
27 |
|
|
Equity method investee |
|
2,373 |
|
(2) |
— |
|
|
— |
|
|
558 |
|
|
SilverTowne |
|
— |
|
|
851 |
|
(3) |
— |
|
|
1,768 |
|
|
Goldline Lenders |
|
— |
|
|
8,092 |
|
(4) |
— |
|
|
— |
|
|
|
|
$ |
5,227 |
|
|
$ |
8,943 |
|
|
— |
|
|
$ |
2,353 |
|
|
|
|
|
|
|
|
|
|
|
|
_________________________________ |
|
1) Balance includes a secured line of credit with a balance of $2.2 million. |
|
2) Balance represents mostly open trade receivables. |
|
3) Balance includes: (a) a short-term earn-out liability of $0.5 million (included as a component of the accrued liabilities balance), (b) a trade receivables of $0.3 million (shown as a component of receivables), and (c) a contingent earn-out liability of $0.5 million (shown as a component of other long-term liabilities). |
|
4) Balance includes: the face value the Goldline Credit Facility ($7.5 million), the associated estimated debt funding fees payable ($0.5 million) and accrued interest ($0.1 million). The Goldline Credit facility and the debt funding fee is payable in August 2020. |
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|
|
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|
|
|
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|
|
During the three months ended September 30, 2017 and 2016, the Company incurred interest related to notes payable due to SilverTowne and a long-term debt payable to the Goldline Lenders, as set forth below:
|
|
|
|
|
|
|
|
|
|
|
in thousands |
|
|
|
Three Months Ended September 30, |
|
2017 |
|
2016 |
|
Interest expense incurred related to notes payable |
|
$ |
2 |
|
|
$ |
10 |
|
|
Interest expense incurred related to long-term debt obligation |
|
73 |
|
|
— |
|
|
|
|
$ |
75 |
|
|
$ |
10 |
|
|
|
|
|
|
|
|
|