Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information (Tables)

v3.8.0.1
Segment and Geographic Information (Tables)
6 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of segment reporting information, by segment
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
Three Months Ended September 30,
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
Revenue by segment
 
 
 
 
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
1,651,442

 
$
2,126,361

 
$
3,804,862

 
$
3,932,014

 
Direct Sales
 
29,296

(1) 
N/A

 
39,666

(2) 
N/A

 
Total revenue
 
$
1,680,738

 
$
2,126,361

 
$
3,844,528

 
$
3,932,014

 
 
 
 
 
 
 
 
 
 
 
_________________________________
 
 
 
 
 
 
 
 
 
(1) Includes $10.8 million of intercompany sales from the Direct Sales segment to the Wholesale Trading & Ancillary Services segment. The elimination of these intercompany sales are reflected in the Wholesale Trading & Ancillary Services segment.
 
(2) Includes $17.7 million of intercompany sales from the Direct Sales segment to the Wholesale Trading & Ancillary Services segment. The elimination of these intercompany sales are reflected in the Wholesale Trading & Ancillary Services segment.
 
 
 
 
 
 
 
 
 
 
 

in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
Three Months Ended September 30,
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
Revenue by geographic region
(as determined by the shipping address or where the services were performed):
 
United States
 
$
1,579,893

 
$
2,009,168

 
$
3,631,814

 
$
3,719,247

 
Europe
 
73,022

 
56,565

 
127,380

 
103,585

 
North America, excluding United States
 
26,896

 
55,247

 
81,774

 
100,050

 
Asia Pacific
 
374

 
4,039

 
1,726

 
6,574

 
Africa
 
1

 

 
1

 

 
Australia
 
552

 
1,342

 
1,833

 
2,558

 
Total revenue
 
$
1,680,738

 
$
2,126,361

 
$
3,844,528

 
$
3,932,014

 
 
 
 
 
 
 
 
 
 
 
Gross Profit and Gross Margin Percentage
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
Three Months Ended September 30,
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
Gross profit by segment
 
 
 
 
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
7,168

 
$
9,859

 
$
12,813

 
$
17,923

 
Direct Sales
 
1,748

 
N/A

 
3,409

 
N/A

 
Total gross profit
 
$
8,916

 
$
9,859

 
$
16,222

 
$
17,923

 
Gross margin percentage by segment
 
 
 
 
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
0.434
%
 
0.464
%
 
0.337
%
 
0.456
%
 
Direct Sales
 
5.967
%
 
N/A

 
8.594
%
 
N/A

 
Weighted average gross margin percentage
 
0.530
%
 
0.464
%
 
0.422
%
 
0.456
%
 
 
 
 
 
 
 
 
 
 
 
Operating Expenses and Income
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
Three Months Ended September 30,
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
Operating income and expenses by segment
 
 
 
 
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
 
 
 
 
 
 
 
 
General and administrative expenses
 
$
(5,724
)
 
$
(6,131
)
 
$
(11,517
)
 
$
(11,795
)
 
Interest income
 
$
3,268

 
$
2,959

 
$
6,429

 
$
5,818

 
Interest expense
 
$
(3,159
)
 
$
(2,447
)
 
$
(5,813
)
 
$
(4,688
)
 
Other expense
 
$
790

 
$
90

 
$
750

 
$
70

 
 
 
 
 
 
 
 
 
 
 
Direct Sales
 
 
 
 
 
 
 
 
 
General and administrative expenses
 
$
(3,625
)
 
N/A

 
$
(4,808
)
 
N/A

 
Interest expense
 
$
(200
)
 
N/A

 
$
(279
)
 
N/A

 
Depreciation and Amortization
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
Three Months Ended September 30,
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
Depreciation and amortization by segment
 
 
 
 
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
(428
)
 
$
(386
)
 
$
(760
)
 
$
(707
)
 
Direct Sales
 
(355
)
 
N/A

 
(552
)
 
N/A

 
Total depreciation and amortization
 
$
(783
)
 
$
(386
)
 
$
(1,312
)
 
$
(707
)
 
Advertising expense
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
Three Months Ended September 30,
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
Advertising expense by segment
 
 
 
 
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
(190
)
 
$
(199
)
 
$
(302
)
 
$
(366
)
 
Direct Sales
 
(869
)
 
N/A

 
(1,274
)
 
N/A

 
Total advertising expense
 
$
(1,059
)
 
$
(199
)
 
$
(1,576
)
 
$
(366
)
 
Inventory
in thousands
 
 
 
 
 
 
 
December 31, 2017
 
June 30, 2017
 
Inventories by segment
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
324,194

 
$
284,659

 
Direct Sales
 
11,041

 
N/A

 
Total inventories
 
$
335,235

 
$
284,659

 
in thousands
 
 
 
 
 
 
 
December 31, 2017
 
June 30, 2017
 
Inventories by geographic region
 
 
 
 
 
United States
 
$
323,005

 
$
276,809

 
Europe
 
4,481

 
3,154

 
North America, excluding United States
 
7,240

 
4,310

 
Asia
 
509

 
386

 
Total inventories
 
$
335,235

 
$
284,659

 
Assets
in thousands
 
 
 
 
 
 
 
December 31, 2017
 
June 30, 2017
 
Assets by segment
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
498,020

 
$
478,500

 
Direct Sales
 
29,103

 
N/A

 
Total assets
 
$
527,123

 
$
478,500

 
in thousands
 
 
 
 
 
 
 
December 31, 2017
 
June 30, 2017
 
Assets by geographic region
 
 
 
 
 
United States
 
$
510,504

 
$
469,114

 
Europe
 
8,870

 
4,690

 
North America, excluding United States
 
7,240

 
4,310

 
Asia
 
509

 
386

 
Total assets
 
$
527,123

 
$
478,500

 
Long-term Assets
in thousands
 
 
 
 
 
 
 
December 31, 2017
 
June 30, 2017
 
Long-term assets by segment
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
31,354

 
$
31,479

 
Direct Sales
 
7,839

 
N/A

 
Total long-term assets
 
$
39,193

 
$
31,479

 
in thousands
 
 
 
 
 
 
 
December 31, 2017
 
June 30, 2017
 
Long-term assets by geographic region
 
 
 
 
 
United States
 
$
39,138

 
$
31,423

 
     Europe
 
55

 
56

 
Total long-term assets
 
$
39,193

 
$
31,479

 

Capital Expenditures for Property and Equipment
in thousands
 
 
 
 
 
Six Months Ended
 
Three Months Ended September 30,
 
December 31, 2017
 
December 31, 2016
 
Capital expenditures on property and equipment by segment
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
269

 
$
944

 
Direct Sales
 
148

 
N/A

 
Total capital expenditures on property and equipment
 
$
417

 
$
944

 
Goodwill
in thousands
 
 
 
 
 
 
 
December 31, 2017
 
June 30, 2017
 
Goodwill by segment
 
 
 
 
 
Wholesale Trading & Ancillary Services
 
$
8,881

 
$
8,881

 
Direct Sales
 
1,450

 
N/A

 
Total goodwill
 
$
10,331

 
$
8,881