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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash flows from operating activities: | ||
| Net Income | $ 4,485us-gaap_IncomeLossFromContinuingOperations | $ 6,710us-gaap_IncomeLossFromContinuingOperations |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 678us-gaap_DepreciationDepletionAndAmortization | 681us-gaap_DepreciationDepletionAndAmortization |
| Deferred income taxes | (747)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | 0us-gaap_IncreaseDecreaseInDeferredIncomeTaxes |
| Interest added to principal of secured loans | (181)us-gaap_InterestPaidCapitalized | 0us-gaap_InterestPaidCapitalized |
| Share-based compensation | 180us-gaap_ShareBasedCompensation | 110us-gaap_ShareBasedCompensation |
| Changes in assets and liabilities: | ||
| Receivables | (278)amrk_IncreaseDecreaseInReceivablesAndSecuredLoansTradingOperations | 28,710amrk_IncreaseDecreaseInReceivablesAndSecuredLoansTradingOperations |
| Secured loans to Former Parent | 538us-gaap_IncreaseDecreaseInFinanceReceivables | 0us-gaap_IncreaseDecreaseInFinanceReceivables |
| Income tax receivables | (5,643)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable | 0us-gaap_IncreaseDecreaseInIncomeTaxesReceivable |
| Inventories | (11,018)us-gaap_IncreaseDecreaseInInventories | (31,423)us-gaap_IncreaseDecreaseInInventories |
| Prepaid expenses and other current assets | (1,868)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (452)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable | 9,905us-gaap_IncreaseDecreaseInAccountsPayable | (25,964)us-gaap_IncreaseDecreaseInAccountsPayable |
| Liabilities on borrowed metals | (2,214)us-gaap_IncreaseDecreaseInSecuritiesBorrowed | (11,497)us-gaap_IncreaseDecreaseInSecuritiesBorrowed |
| Accrued liabilities | (1,595)us-gaap_IncreaseDecreaseInAccruedLiabilities | (697)us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Receivable from/ payables to Former Parent | (877)us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties | (4,229)us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties |
| Income taxes payable | (2,178)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | 0us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
| Net cash used in operating activities | (10,813)us-gaap_NetCashProvidedByUsedInOperatingActivities | (38,051)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash flows from investing activities: | ||
| Capital expenditures for property and equipment | (87)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (721)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Purchase of cost method investment | (1,111)us-gaap_PaymentsToAcquireOtherInvestments | (500)us-gaap_PaymentsToAcquireOtherInvestments |
| Secured loans, net | (5,736)us-gaap_PaymentsForProceedsFromLoansReceivable | (350)us-gaap_PaymentsForProceedsFromLoansReceivable |
| Net cash used in investing activities | (6,934)us-gaap_NetCashProvidedByUsedInInvestingActivities | (1,571)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash flows from financing activities: | ||
| Product financing arrangement, net | 23,504us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 11,130us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
| Dividends paid | (349)us-gaap_PaymentsOfDividends | (10,000)us-gaap_PaymentsOfDividends |
| (Repayments) borrowings under lines of credit, net | (2,400)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit | 24,800us-gaap_ProceedsFromRepaymentsOfLinesOfCredit |
| Net cash provided by financing activities | 20,755us-gaap_NetCashProvidedByUsedInFinancingActivities | 25,930us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net increase (decrease) in cash and cash equivalents | 3,008us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (13,692)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents, beginning of period | 13,193us-gaap_CashAndCashEquivalentsAtCarryingValue | 21,565us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents, end of period | 16,201us-gaap_CashAndCashEquivalentsAtCarryingValue | 7,873us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash paid during the period for: | ||
| Interest expense | 3,038us-gaap_InterestPaid | 2,698us-gaap_InterestPaid |
| Income taxes | 11,751us-gaap_IncomeTaxesPaid | 7,667us-gaap_IncomeTaxesPaid |
| Non-cash investing and financing activities: | ||
| Obligation to repurchase common stock | 0amrk_Obligationtorepurchasecommonstockinthefuture | 2,198amrk_Obligationtorepurchasecommonstockinthefuture |
| Interest added to principal of secured loans | 181us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction | 0us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction |
| Secured loans received in satisfaction of customer receivable | $ 0us-gaap_LoansAssumed1 | $ 12,800us-gaap_LoansAssumed1 |
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- Definition
Increase (Decrease) in Receivables and Secured Loans Trading Operations No definition available.
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Obligation to repurchase common stock in the future No definition available.
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of debt issuance costs that were incurred during a noncash or partial noncash transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the obligations due for goods and services provided by the following types of related parties: a parent company and its subsidiaries, subsidiaries of a common parent, an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management, an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in outstanding loans including accrued interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the total amount due the entity arising from securities borrowed transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of loans assumed in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net amount paid or received by the reporting entity associated with purchase (sale or collection) of loans receivable arising from the financing of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow associated with other investments held by the entity for investment purposes not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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