Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.20.2
Related Party Transactions (Tables)
3 Months Ended
Sep. 30, 2020
Related Party Transactions [Abstract]  
Schedule of Related Party Receivable and Payables Balances

As of September 30, 2020 and June 30, 2020, the Company had related party receivables and payables balances as set forth below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

 

 

June 30, 2020

 

 

 

Receivables

 

 

 

Payables

 

 

 

Receivables

 

 

 

Payables

 

Stack's Bowers Galleries

 

$

4,429

 

(1)

 

$

 

 

 

$

7,981

 

 

 

$

 

Equity method investees

 

 

2,306

 

(2)

 

 

1,078

 

(3)

 

 

1,828

 

 

 

 

3,421

 

SilverTowne

 

 

425

 

(2)

 

 

 

 

 

 

77

 

 

 

 

 

 

 

$

7,160

 

 

 

$

1,078

 

 

 

$

9,886

 

 

 

$

3,421

 

 

(1)

Balance principally includes two secured lines of credit with a balance of $3.4 million and $0.8 million (shown as a component of secured loans receivable); offset by $0.3 million of receivables, net (shown as components of receivables and derivative assets)).  See "Secured Lines of Credit", below.

(2)

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

(3)

Balance primarily represents payables, net (shown as components of accounts payable and other current liabilities, and derivative liabilities).

Schedule of Sales and Purchases of Related Parties

During the three months ended September 30, 2020 and 2019, 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, 2020

 

 

September 30, 2019

 

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

Stack's Bowers Galleries

 

$

21,954

 

 

$

22,013

 

 

$

11,001

 

 

$

16,759

 

Equity method investees

 

 

480,500

 

 

 

2,546

 

 

 

101,023

 

 

 

14,839

 

SilverTowne L.P.

 

 

4,117

 

 

 

4,769

 

 

 

1,527

 

 

 

581

 

 

 

$

506,571

 

 

$

29,328

 

 

$

113,551

 

 

$

32,179

 

 

Schedule of Interest Income

During the three months ended September 30, 2020 and 2019, 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

 

 

 

September 30,

2020

 

 

 

September 30,

2019

 

Interest income from secured loans receivables

 

$

70

 

 

 

$

298

 

Interest income from finance products and repurchase arrangements

 

 

1,867

 

 

 

 

1,627

 

 

 

$

1,937

 

 

 

$

1,925