Noncontrolling Interest

9 Months Ended

Mar. 31, 2017

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 94% 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 (1)
Initial investment	$	1,422	$	422	72	%
Additional contributions through June 30, 2016	4,000		—		92	%
Additional contributions through March 31, 2017	1,000		—		94	%
Total Contributions	$	6,422	$	422

(1) Ownership interest is determined by shares owned, for which cost basis differed at initial issuance.

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	1,035			—			1,035
Share repurchases	(1,283		)	—			(1,283		)
Net change in available-for-sale securities	39			—			39
Net loss attributable to Astrotech Corporation	(8,818		)	—			(8,818		)
Net loss attributable to noncontrolling interest	—			(150		)	(150		)
Balance at March 31, 2017	$	19,640		$	(190	)	$	19,450