Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.21.2
Related Party Transactions (Tables)
3 Months Ended
Sep. 30, 2021
Related Party Transactions [Abstract]  
Schedule of Related Party Receivable and Payables Balances

As of September 30, 2021 and June 30, 2021, the Company had related party receivables and payables balances as set forth below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2021

 

 

 

June 30, 2021

 

 

 

Receivables

 

 

 

Payables

 

 

 

Receivables

 

 

 

Payables

 

Stack's Bowers Galleries

 

$

 

 

 

$

11

 

 

 

$

3,576

 

 

 

$

 

Equity method investees

 

 

9,809

 

(1)

 

 

453

 

 

 

 

10,693

 

 

 

 

84

 

 

 

$

9,809

 

 

 

$

464

 

 

 

$

14,269

 

 

 

$

84

 

 

(1)

Balance primarily represents receivables, net (shown as components of receivables and derivative assets).

 

Schedule of Sales and Purchases of Related Parties

During the three months ended September 30, 2021 and 2020, 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, 2021

 

 

September 30, 2020

 

 

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

 

Stack's Bowers Galleries

 

$

6,348

 

 

$

15,379

 

 

$

21,954

 

 

$

22,013

 

 

Equity method investees

 

 

117,666

 

 

 

9,253

 

 

 

480,500

 

(1)

 

2,546

 

(1)

SilverTowne L.P.

 

 

 

 

 

 

 

 

4,117

 

 

 

4,769

 

 

 

 

$

124,014

 

 

$

24,632

 

 

$

506,571

 

 

$

29,328

 

 

 

(1)

Includes sales and purchases activity with JMB, which the Company fully acquired in March 2021.

Schedule of Interest Income

During the three months ended September 30, 2021 and 2020, the Company earned interest income related to loans made to Stack's Bowers and from financing arrangements (including repurchase agreements) with affiliated companies, as set forth below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

September 30,

2021

 

 

 

September 30,

2020

 

Interest income from secured loans receivables

 

$

58

 

 

 

$

70

 

Interest income from finance products and repurchase arrangements

 

 

2,111

 

 

 

 

1,867

 

 

 

$

2,169

 

 

 

$

1,937