XML 21 R9.htm IDEA: XBRL DOCUMENT v3.6.0.2
Noncontrolling Interest
 6 Months Ended
Dec. 31, 2016
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
Noncontrolling Interest
 
During the third quarter of 2015, Astral was created in conjunction with a noncontrolling interest, resulting in Astrotech owning 72% of Astral; currently, the Company owns 92% 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 Contribution
 
ASTC Ownership
Initial investment
$
1,422

 
$
422

 
72
%
Contributions through June 30, 2016
4,000

 
—

 
92
%
Total Contributions
$
5,422

 
$
422

 
 


The Company applies noncontrolling interest accounting, which requires us to clearly identify the noncontrolling interest in the condensed consolidated balance sheets and consolidated income statements. The Company discloses 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 the fiscal year 2017 (in thousands):

 
 
Astrotech Corp Stockholders' Equity
 
Noncontrolling Interest in Subsidiary
 
Total Stockholders' Equity
Balance at June 30, 2016
 
$
28,667

 
$
(40
)
 
$
28,627

Stock based compensation
 
954

 
—

 
954

Shares repurchases
 
(1,283
)
 
—

 
(1,283
)
Net change in available-for-sale securities
 
21

 
—

 
21

Net loss attributable to Astrotech Corporation
 
(6,018
)
 
—

 
(6,018
)
Net loss attributable to noncontrolling interest
 
—

 
(103
)
 
(103
)
Balance at December 31, 2016
 
$
22,341

 
$
(143
)
 
$
22,198