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Noncontrolling Interest
 12 Months Ended
Jun. 30, 2017
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
Noncontrolling Interest
 
Astral was created in conjunction with a noncontrolling interest, resulting in Astrotech owning 72% of Astral at the point of creation, 92% as of June 30, 2016 and 100% as of June 30, 2017. The following table details the contributions from the Company and the minority interest owner and the Company’s ownership percentage of Astral:
(In thousands)
 
Astrotech
 
Minority 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
%
Total Contributions
 
$
8,922

 
$
—

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


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 loss per share calculations reflect net loss attributable to Astrotech Corporation.

The noncontrolling interest balance of $(40) thousand represents a noncontrolling interest in Astral at June 30, 2016.   
(In thousands)
 
2017
 
2016
Beginning balance
 
$
(40
)
 
$
299

Net loss attributable to noncontrolling interest
 
(174
)
 
(339
)
Acquisition of minority interest (1)
 
214

 
—

Ending balance
 
$
—

 
$
(40
)
(1) The noncontrolling interest holder relinquished his interest in Astral on June 30, 2017.