| Schedule of related party transactions |
During the years ended June 30, 2019 and 2018, the Company earned interest income related to loans made to Stack's Bowers Galleries and to financing arrangements (including repurchase agreements) with affiliated companies, as set forth below:
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in thousands |
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|
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Years Ended June 30, |
|
2019 |
|
2018 |
|
Interest income from secured loans receivables |
|
$ |
1,058 |
|
|
$ |
290 |
|
|
Interest income from finance products and repurchase arrangements |
|
6,275 |
|
|
4,246 |
|
|
|
|
$ |
7,333 |
|
|
$ |
4,536 |
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|
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During the years ended June 30, 2019 and 2018, 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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|
|
|
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Years Ended June 30, |
|
2019 |
|
2018 |
|
|
|
Sales |
|
Purchases |
|
Sales |
|
Purchases |
|
Stack's Bowers Galleries |
|
$ |
30,418 |
|
|
$ |
36,946 |
|
|
$ |
50,512 |
|
|
$ |
344,348 |
|
|
Equity method investees |
|
508,552 |
|
|
16,679 |
|
|
468,200 |
|
|
10,790 |
|
|
SilverTowne |
|
12,914 |
|
|
1,611 |
|
|
14,921 |
|
|
7,696 |
|
|
|
|
$ |
551,884 |
|
|
$ |
55,236 |
|
|
$ |
533,633 |
|
|
$ |
362,834 |
|
|
|
|
|
|
|
|
|
|
|
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As of June 30, 2019 and June 30, 2018, the Company had related party receivables and payables balances as set forth below:
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|
|
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in thousands |
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|
|
|
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|
|
|
|
|
|
June 30, 2019 |
|
June 30, 2018 |
|
|
|
Receivables |
|
Payables |
|
Receivables |
|
Payables |
|
Stack's Bowers Galleries |
|
$ |
17,630 |
|
(1) |
$ |
— |
|
|
$ |
13,240 |
|
|
$ |
— |
|
|
Equity method investees |
|
4,978 |
|
(2) |
163 |
|
|
899 |
|
|
920 |
|
|
SilverTowne |
|
241 |
|
(3) |
— |
|
|
— |
|
|
242 |
|
|
Goldline Lenders(4)
|
|
— |
|
|
— |
|
|
— |
|
|
7,710 |
|
|
|
|
$ |
22,849 |
|
|
$ |
163 |
|
|
14,139 |
|
|
$ |
8,872 |
|
|
|
|
|
|
|
|
|
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|
_________________________________ |
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(1) Balance principally includes two secured lines of credit with a balance of $7.5 million and $6.4 million (shown as a component of secured loans receivables) and trade receivables of $3.6 million. See "Secured Lines of Credit with Stack's Bowers Galleries", below. |
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(2) Balance primarily represents trade receivables, net (shown as a component of receivables). |
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(3) Balance primarily represents trade receivables, net (shown as a component of receivables). |
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(4) Principal balance of the Goldline Credit Facility of $7.5 million was repaid in full on December 7, 2018 before the August 2020 maturity date. The principal payment included a 2% premium of $150,000. (See Note 14 for further details.) |
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