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Noncontrolling Interest
3 Months Ended
Sep. 30, 2015
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
Noncontrolling Interest
 
During the third quarter of 2015, Astral Images was created in conjunction with a noncontrolling interest, resulting in Astrotech owning 72% of Astral. The Company applies noncontrolling interest accounting, which requires us to clearly identify the noncontrolling interest in the condensed consolidated balance sheets and condensed consolidated statements of operations. We disclose three measures of net income (loss): net income (loss), net (loss) attributable to noncontrolling interest, and net income (loss) attributable to Astrotech Corporation. Our operating cash flows in our condensed consolidated statements of cash flows reflect net income (loss) while our basic and diluted net income (loss) per share calculations reflect net income (loss) attributable to Astrotech Corporation.

On August 28, 2014, we repaid the State of Texas Emerging Technology Fund $2.3 million to settle their $1.8 million interest in 1st Detect (see Note 12 for more information).

The following table breaks down the changes in Stockholders’ Equity in the first quarter of fiscal year 2016 (in thousands):

 
 
Astrotech Corp Stockholders' Equity
 
Noncontrolling Interest in Subsidiary
 
Total Stockholders' Equity
Balance at June 30, 2015
 
$
41,429

 
$
299

 
$
41,728

Stock based compensation
 
143

 

 
143

Share repurchases
 
(117
)
 

 
(117
)
Net change in available-for-sale securities
 
(88
)
 

 
(88
)
Net income attributable to Astrotech Corporation
 
(3,364
)
 

 
(3,364
)
Net loss attributable to noncontrolling interest
 

 
(89
)
 
(89
)
Balance at September 30, 2015
 
$
38,003

 
$
210

 
$
38,213