XML 34 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related‑Party Transactions
9 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]  
Related‑Party Transactions
Related‑Party Transactions
Transactions with Investors
The Company paid an advisory fee of $1,000 per quarter to AEA Investors LP (AEA), the private equity firm and ultimate majority shareholder pursuant to a management agreement. Upon the IPO, the management agreement terminated and the Company stopped paying these fees to AEA and as a result, only paid $333 during the three and nine months ended June 30, 2018. In addition, the Company reimbursed AEA for normal and customary expenses incurred by AEA on behalf of the Company. The Company incurred expenses, excluding advisory fees, of $249 and $43 in the nine months ended June 30, 2017 and 2018, respectively. The amounts owed to AEA were $38 and $0 at September 30, 2017 and June 30, 2018, respectively, and were included in Accrued expenses and other liabilities.
AEA, through two of its affiliated funds, is one of the lenders in the First Lien Term Loan Facility and had a commitment of $16,218 and $14,301 at September 30, 2017 and June 30, 2018, respectively.
The Company also has a related party relationship with one of its customers, who is also a shareholder of the Company. The Company had sales to this customer of $1,255 and $376 during the three months ended June 30, 2017 and 2018, respectively, and $2,819 and $961 during the nine months ended June 30, 2017 and 2018, respectively, and was owed $2,354 and $720 from this customer at September 30, 2017 and June 30, 2018, respectively.