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Noncontrolling Interest

12 Months Ended

Jun. 30, 2013

Noncontrolling Interest [Abstract]

Noncontrolling Interest

(3) Noncontrolling Interest

In January 2010, restricted shares of Astrotech subsidiaries, 1^st Detect and Astrogenetix, were granted to certain employees, directors and officers (see Note 10), resulting in Astrotech owning less than 100% of the subsidiaries. The Company applied non-controlling interest accounting for the fiscal years ended June 30, 2013 and 2012, which requires us to clearly identify the non-controlling interest in the consolidated balance sheets and consolidated income statements. We disclose three measures of net loss: net loss, net loss attributable to noncontrolling interest, and net loss attributable to Astrotech Corporation. Our operating cash flows in our consolidated statements of cash flows reflect net loss, while our basic and diluted earnings per share calculations reflect net loss attributable to Astrotech Corporation.


	2013			2012
Beginning balance	$	2,730		$	1,921
Net loss attributable to noncontrolling interest		(538)			(620)
State of Texas funding (See Note 15)		—			900
Capital Contribution		596			500
Stock based compensation expense		—			29
Ending balance	$	2,788		$	2,730

The capital contribution is made by the Company in order to fund the net losses of the noncontrolling interest.

As of June 30, 2013, the Company’s share of income and losses is 86% for 1^st Detect and 84% for Astrogenetix.

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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