Noncontrolling Interest

3 Months Ended

Sep. 30, 2017

Astral was created in conjunction with a noncontrolling interest, resulting in Astrotech initially owning 72% of Astral; the Company now owns 100% of Astral. The following table details the contributions from the Company and the minority interest owner and the Company’s ownership percentage of Astral:



(In thousands)	ASTC Contribution		Minority Owner			ASTC Ownership (1)
Initial investment	$	1,422	$	422		72	%
Additional contributions made in fiscal year 2015	1,000		—			83	%
Additional contributions made in fiscal year 2016	3,000		—			92	%
Additional contributions made in fiscal year 2017	3,500		(422		)	100	%
Total Contributions	$	8,922	$	—

(1) Astrotech acquired full ownership of Astral Images in fiscal year 2017.

The Company previously applied noncontrolling interest accounting, which required us to clearly identify the noncontrolling interest in the consolidated statements of operations. The Company previously disclosed three measures of net loss: net loss, net loss attributable to noncontrolling interest, and net loss attributable to Astrotech Corporation. The Company’s operating cash flows in its consolidated statements of cash flows reflect net loss, while our basic and diluted earnings per share calculations reflect net loss attributable to Astrotech Corporation.

The following table breaks down the changes in Stockholders’ Equity for three months ended September 30, 2017:



(In thousands)	Total Stockholders' Equity
Balance at June 30, 2017	$	16,770
Stock based compensation	122
Share repurchases	(3		)
Net change on available-for-sale investments	2
Net loss attributable to Astrotech Corporation	(3,006		)
Balance at September 30, 2017	$	13,885