Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.19.3.a.u2
Related Party Transactions (Tables)
6 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Schedule of related party transactions
As of December 31, 2019 and June 30, 2019, the Company had related party receivables and payables balances as set forth below:
 in thousands
 
 
 
 
 
 
 
 
 
 
 
December 31, 2019
 
June 30, 2019
 
 
 
Receivables
 
Payables
 
Receivables
 
Payables
 
Stack's Bowers Galleries
 
$
9,279

(1) 
$

 
$
17,630

 
$

 
Equity method investees
 
2,011

(2) 
728

 
4,978

 
163

 
SilverTowne
 
298

(3) 

 
241

 

 
 
 
$
11,588

 
$
728

 
$
22,849

 
$
163

 
 
 
 
 
 
 
 
 
 
 
_________________________________
 
(1) Balance principally includes two secured lines of credit with a balance of $7.8 million and $1.1 million (shown as a component of secured loans receivable) and trade receivable of $0.4 million. See "Secured Lines of Credit with Stack's Bowers Galleries", below.
 
(2) Balance primarily represents trade receivables, net (shown as a component of receivables).
 
(3) Balance primarily represents trade receivables, net (shown as a component of receivables).
 
 
 
 
 
 
 
 
 
 
 
During the three and six months ended December 31, 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:
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2019
 
December 31, 2018
 
Interest income from secured loans receivables
 
$
243

 
$
275

 
$
541

 
$
489

 
Interest income from finance products and repurchase arrangements
 
1,513

 
1,623

 
3,140

 
3,431

 
 
 
$
1,756

 
$
1,898

 
$
3,681

 
$
3,920

 
 
 
 
 
 
 
 
 
 
 
During the three and six months ended December 31, 2019 and 2018, the Company made sales and purchases to various companies, which have been deemed to be related parties, as follows:
in thousands
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 31, 2019
 
December 31, 2018
December 31, 2019
 
December 31, 2018
 
 
Sales
 
Purchases
 
Sales
 
Purchases
 
Sales
 
Purchases
 
Sales
 
Purchases
 
Stack's Bowers Galleries
 
$
7,764

 
$
4,407

 
$
1,613

 
$
1,187

 
$
18,765

 
$
21,166

 
$
19,088

 
$
17,959

 
Equity method investees
 
128,297

 
6,311

 
142,889

 
2,214

 
229,320

 
21,150

 
275,487

 
5,688

 
SilverTowne L.P.
 
2,192

 
74

 
4,543

 
876

 
3,719

 
655

 
8,681

 
1,337

 
 
 
$
138,253

 
$
10,792

 
$
149,045

 
$
4,277

 
$
251,804

 
$
42,971

 
$
303,256

 
$
24,984