XML 25 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Noncontrolling Interest
 12 Months Ended
Jun. 30, 2018
Noncontrolling Interest [Abstract]  
Noncontrolling Interest

(5) Noncontrolling Interest

 

Astral was created in conjunction with a noncontrolling interest, resulting in Astrotech owning 72% of Astral at the point of creation and 100% as of June 30, 2017 and 2018. The following table details the contributions from the Company and the noncontrolling interest owner and the Company’s ownership percentage of Astral:

 

(In thousands)

 

Astrotech

 

 

Noncontrolling Owner

(1)

 

 

Astrotech

Ownership

 

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

%

Additional contributions made in fiscal year 2018

 

 

—

 

 

 

—

 

 

 

100

%

Total Contributions

 

$

8,922

 

 

$

—

 

 

 

 

 

 

(1)

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

 

(In thousands)

 

2018

 

 

2017

 

Beginning balance

 

$

—

 

 

$

(40

)

Net loss attributable to noncontrolling interest

 

 

—

 

 

 

(174

)

Acquisition of minority interest (1)

 

 

—

 

 

 

214

 

Ending balance

 

$

—

 

 

$

—

 

 

(1)

The noncontrolling interest holder relinquished his interest in Astral on June 30, 2017.