Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.22.1
Related Party Transactions (Tables)
9 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Schedule of Related Party Receivable and Payables Balances

As of March 31, 2022 and June 30, 2021, the Company had related party receivables and payables balances as set forth below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2022

 

 

 

June 30, 2021

 

 

 

Receivables

 

 

 

Payables

 

 

 

Receivables

 

 

 

Payables

 

Stack's Bowers Galleries

 

$

 

 

 

$

6,085

 

(1)

 

$

3,576

 

(1)

 

$

 

Equity method investees

 

 

2,372

 

(2)

 

 

1,530

 

 

 

 

10,693

 

(2)

 

 

84

 

 

 

$

2,372

 

 

 

$

7,615

 

 

 

$

14,269

 

 

 

$

84

 

 

(1)
Balance includes secured loan receivables and trade and other payables, net.
(2)
Balance primarily represents receivables, net (shown as components of receivables and derivative assets).
Schedule of Sales and Purchases of Related Parties

During the three and nine months ended March 31, 2022 and 2021, the Company made sales and purchases to various companies, which have been deemed to be related parties, as follows:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

March 31, 2022

 

 

March 31, 2021

 

 

March 31, 2022

 

 

March 31, 2021

 

 

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

 

Stack's Bowers Galleries

 

$

55,519

 

 

$

12,569

 

 

$

17,127

 

 

$

11,731

 

 

$

69,170

 

 

$

41,879

 

 

$

53,958

 

 

$

48,066

 

 

Equity method investees

 

 

244,147

 

 

 

8,170

 

 

 

591,740

 

(1)

 

4,829

 

(1)

 

531,130

 

 

 

30,438

 

 

 

1,463,857

 

(1)

 

12,701

 

(1)

SilverTowne L.P.

 

 

 

 

 

 

 

 

5,858

 

 

 

 

 

 

 

 

 

 

 

 

12,695

 

 

 

4,769

 

 

 

 

$

299,666

 

 

$

20,739

 

 

$

614,725

 

 

$

16,560

 

 

$

600,300

 

 

$

72,317

 

 

$

1,530,510

 

 

$

65,536

 

 

 

(1)
Includes sales and purchases activity with JMB, which the Company fully acquired in March 2021.
Schedule of Interest Income

During the three and nine months ended March 31, 2022 and 2021, 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

 

 

 

Nine Months Ended

 

 

 

March 31,
2022

 

 

 

March 31,
2021

 

 

 

March 31,
2022

 

 

 

March 31,
2021

 

Interest income from secured loans receivables

 

$

44

 

 

 

$

44

 

 

 

$

143

 

 

 

$

197

 

Interest income from finance products and repurchase arrangements

 

 

1,576

 

 

 

 

2,173

 

 

 

 

5,537

 

 

 

 

5,980

 

 

 

$

1,620

 

 

 

$

2,217

 

 

 

$

5,680

 

 

 

$

6,177