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REDEEMABLE LIMITED PARTNERS' CAPITAL
12 Months Ended
Jun. 30, 2023
Temporary Equity Disclosure [Abstract]  
REDEEMABLE LIMITED PARTNERS' CAPITAL
(10) REDEEMABLE LIMITED PARTNERS' CAPITAL
The fair value of redeemable limited partners’ capital was reclassified from temporary equity in the mezzanine section of the Consolidated Balance Sheets to additional paid in capital as a component of permanent equity at July 31, 2020. As a result, there were no adjustments to the fair value of redeemable limited partners’ capital for the years ended June 30, 2023 and 2022.
For the year ended June 30, 2021, the Company recorded adjustments of $(26.7) million to the fair value of redeemable limited partners’ capital as an adjustment of redeemable limited partners’ capital to redemption amount in the accompanying Consolidated Statements of Income and Comprehensive Income. Subsequent to July 31, 2020, there were no adjustments to the fair value of redeemable limited partners’ capital recorded in the accompanying Consolidated Statements of Income and Comprehensive Income.
The table below provides a summary of the changes in the redeemable limited partners’ capital for the year ended June 30, 2021 (in thousands). There were no changes in redeemable limited partners’ capital for the years ended June 30, 2023 and 2022.
Receivables From Limited PartnersRedeemable Limited Partners’ CapitalTotal Redeemable Limited Partners’ Capital
June 30, 2020(995)1,721,304 1,720,309 
Distributions applied to receivables from limited partners141 — 141 
Net income attributable to non-controlling interest in Premier LP— 11,845 11,845 
Distributions to limited partners— (1,936)(1,936)
Exchange of Class B common units for Class A common stock by member owners— (2,437)(2,437)
Adjustment of redeemable limited partners' capital to redemption amount— 26,685 26,685 
Reclassification to permanent equity854 (1,755,461)(1,754,607)
June 30, 2021$ $ $