Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.23.1
Related Party Transactions (Tables)
9 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Receivable and Payables Balances

As of March 31, 2023 and June 30, 2022, the Company had related party receivables and payables balances as set forth below:

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2023

 

June 30, 2022

 

 

Receivables

 

Payables

 

Receivables

 

Payables

Stack's Bowers Galleries

 

$

164

 

 (1)

 

$

 

 

 

$

 

 

 

$

1,802

 

 (3)

Equity method investees

 

 

1,456

 

 (1)

 

 

4,074

 

 (2)

 

 

3,060

 

 (1)

 

 

173

 

 (3)

 

$

1,620

 

 

 

$

4,074

 

 

 

$

3,060

 

 

 

$

1,975

 

 

 

(1)
Balance includes trade receivables and other receivables, net
(2)
Balance includes note payables, trade payables, and other payables, net
(3)
Balance primarily represents trade payables and other payables, net
Schedule of Sales and Purchases of Related Parties

During the three and nine months ended March 31, 2023 and 2022, the Company made sales and purchases to various companies, which have been deemed to be related parties, as follows:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

 

Sales

 

 

Purchases

 

Stack's Bowers Galleries

 

$

33,723

 

 

$

6,337

 

 

$

55,519

 

 

$

12,569

 

 

$

97,978

 

 

$

22,441

 

 

$

69,170

 

 

$

41,879

 

Equity method investees

 

 

282,833

 

 

 

13,915

 

 

 

244,147

 

 

 

8,170

 

 

 

703,548

 

 

 

29,023

 

 

 

531,130

 

 

 

30,438

 

 

$

316,556

 

 

$

20,252

 

 

$

299,666

 

 

$

20,739

 

 

$

801,526

 

 

$

51,464

 

 

$

600,300

 

 

$

72,317

 

 

Schedule of Interest Income

During the three and nine months ended March 31, 2023 and 2022, the Company earned interest income related to loans made to Stack's Bower Galleries and from financing arrangements (including repurchase agreements) with affiliated companies, as set forth below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Interest income from secured loans receivables

 

$

 

 

$

44

 

 

$

 

 

$

143

 

Interest income from finance products and repurchase arrangements

 

 

2,275

 

 

 

1,576

 

 

 

5,708

 

 

 

5,537

 

 

$

2,275

 

 

$

1,620

 

 

$

5,708

 

 

$

5,680