Equity-Accounted Investments And Other Long-Term Assets (Tables)

12 Months Ended

Jun. 30, 2018

Equity-Accounted Investments And Other Long-Term Assets [Abstract]

Ownership Percentage Of Equity-Accounted Investments

	2018		2017
Bank Frick	35	%	-
Finbond	29	%	26	%
OneFi Limited (formerly KZ One) ("OneFi")	25	%	25	%
SmartSwitch Namibia (Pty) Ltd ("SmartSwitch Namibia")	50	%	50	%
Speckpack Field Services (Pty) Ltd ("Speckpack")	50	%	-
Walletdoc Proprietary Limited ("Walletdoc")	20	%	20	%

Summary Of Movement In Equity-Accounted Investments

					Bank
		DNI^(1⁾			Frick			Finbond			Other^(2⁾			Total
Investment in equity:
Balance as of July 1, 2016	$	-		$	-		$	16,304		$	8,185			24,489
Stock-based compensation		-			-			89			-			89
Comprehensive income (loss):		-			-			816			(849	)		(33	)
Other comprehensive loss		-			-			(1,687	)		(1,010	)		(2,697	)
Equity accounted earnings (loss)		-			-			2,503			161			2,664
Share of net income		-			-			2,709			161			2,870
Dilution resulting from corporate transactions		-			-			(206	)		-			(206	)
Dividends received		-			-			(477	)		(710	)		(1187	)
Foreign currency adjustment⁽³⁾		-			-			2,229			116			2,345
Balance as of June 30, 2017		-			-			18,961			6,742			25,703
Acquisition of shares		79,541			51,949			13,043			-			144,533
Stock-based compensation		-			-			(139	)		-			(139	)
Comprehensive income (loss):		7,005			(606	)		2,901			4			9,304
Other comprehensive loss		-			-			(2,426	)		-			(2,426	)
Equity accounted earnings (loss)		7,005			(606	)		5,327			4			11,730
Share of net income (loss)		9,510			201			5,583			4			15,298
Amortization - acquired intangible assets		(3,480	)		(531	)		-			-			(4,011	)
Deferred taxes - acquired intangible assets		975			128			-			-			1,103
Dilution resulting from corporate transactions		-			-			(256	)		-			(256	)
Other		-			(404	)		-			-			(404	)
Dividends received		(1,765	)		(1,946	)		(1,096	)		(400	)		(5,207	)
Carrying value at the acquisition date (Note 3)		(79,972	)		-			-			339			(79,633	)
Foreign currency adjustment⁽³⁾		(4,809	)		(1,268	)		(2,712	)		(593	)		(9,382	)
Balance as of June 30, 2018	$	-		$	48,129		$	30,958		$	6,092		$	85,179
Investment in loans:
Balance as of July 1, 2016	$	-		$	-			1,015			141		$	1,156
Loans granted								10,044			2,000			12,044
Interest accrued								107			0			107
Foreign currency adjustment⁽³⁾		-			-			754			18			772
Included in accounts receivable, net (Note 5)		-			-			(11,920	)		0			(11,920	)
Balance as of June 30, 2017		-			-			-			2,159			2,159
Loans granted		-			-			-			1,000			1,000
Transfer from accounts receivable, net		-			-			11,235			-			11,235
Transfer to investment in equity		-			-			(11,102	)		-			(11,102	)
Foreign currency adjustment⁽³⁾		-			-			(133	)		(7	)		(140	)
Balance as of June 30, 2018	$	-		$	-		$	-		$	3,152		$	3,152

(1) DNI was included as an equity-accounted investment from August 1, 2017 until June 30, 2018, the date upon which the Company obtained control and commenced consolidation of DNI;

(2) Includes OneFi, SmartSwitch Namibia, Speckpack and Walletdoc;

(3) The foreign currency adjustment represents the effects of the fluctuations of the South African rand, Nigerian naira and Namibian dollar, against the U.S. dollar on the carrying value.

Carrying Amount Of Equity-Accounted Investments

		Equity		Loans		Total
Carrying amount as of:
June 30, 2017	$	25,703	$	2,159	$	27,862
June 30, 2018	$	85,179	$	3,152	$	88,331

Summary Financial Information Of Equity-Accounted Investments

		Bank Frick		Finbond		Other⁽¹⁾
Balance sheet, as of		June 30		February 28⁽²⁾		Various⁽³⁾
Current assets⁽⁴⁾
2018		n/a		n/a	$	11,433
2017		n/a		n/a		9,196
Long-term assets
2018	$	1,418,160	$	266,149		1,343
2017		n/a		229,875		813
Current liabilities⁽⁴⁾
2018		n/a		n/a		3,295
2017		n/a		n/a		443
Long-term liabilities
2018		1,323,470		178,587		3,930
2017		n/a		152,827		2,872
Redeemable stock
2018		-		-		-
2017		n/a		-		-
Non-controlling interests
2018		-		13,896		-
2017		n/a		17,366		-

Statement of operations, for the period ended		June 30⁽⁵⁾		February 28⁽²⁾		Various⁽⁶⁾
Revenue
2018		33,814		161,915		10,955
2017		n/a		97,431		7,168
2016		n/a		n/a		4,966
Operating income (loss)
2018		776		35,225		826
2017		n/a		19,551		276
2016		n/a		n/a		(21	)
Income (loss) from continuing operations
2018		617		19,167		152
2017		n/a		9,700		3
2016		n/a		n/a		(268	)
Net income (loss)
2018	$	617		19,167		152
2017		n/a	$	9,700		3
2016		n/a		n/a	$	(268	)

(1) Includes OneFi, SmartSwitch Namibia, Speckpack and Walletdoc;

(2) Finbond is listed on the Johannesburg Stock Exchange and the balances included were derived from its publically available information; (3) Balance sheet information for OneFi, SmartSwitch Namibia and Speckpack is as of June 30, 2018, and Walletdoc as of February 28, 2018.

(4) Bank Frick and Finbond are banks and do not present current and long-term assets and liabilities. All assets and liabilities of these two entities are included under the long-term caption.

(5) Statement of operations information for Bank Frick is for the period from October 1, 2017 to June 30, 2018.

(6) Statement of operations information for OneFi and SmartSwitch Namibia for the year ended June 30, 2018, and Walletdoc for the year ended February 28, 2018

Summary Of Other Long-Term Asset

		2018		2017

Total equity investments	$	199,865	$	26,317
Investment in 15% of Cell C, at fair value (Note 7)		172,948		-
Investment in 12% of MobiKwik, at cost⁽¹⁾		26,917		26,317
Total held to maturity investments		10,395		-
Investment in 7.625% of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625% notes		10,395		-
Long-term portion of payments to South Korean agents amortized over the contract period		17,582		17,290
Long-term portion of other finance loans receivable(Note 5)		12,283		-
Contingent purchase consideration (Note 3)		9,064		-
Policy holder assets under investment contracts (Note 11)		610		627
Reinsurance assets under insurance contracts Note 11)		633		191
Other long-term assets⁽¹⁾		5,948		5,271
Total other long-term assets	$	256,380	$	49,696

(1) The investment in MobiKwik and other investments in common stock included within other long-term assets are carried at cost and are reviewed quarterly for indicators of other-than-temporary impairment. It is not practicable for the Company to reliably estimate the fair value of these investments.

Summary Of Unrealized Gain (Loss) On Investments

				Unrealized	Unrealized
				holding	holding		Carrying
		Cost basis		gains	losses		value
Available for sale:
Investment in Cell C	$	145,714	$	32,473	$-	$	172,948
Held to maturity:
Investment in Cedar Cellular notes		9,000		1,395	-		10,395
Total	$	154,714	$	33,868	$-	$	183,343

Summary Of Contractual Maturity Of Investment

				Estimated
		Cost basis		fair value
Due in one year or less	$	-	$	-
Due in one year through five years		9,000		9,916
Due in five years through ten years		-		-
Due after ten years		-		-
Total	$	9,000	$	9,916