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Related Party Transactions
3 Months Ended
Sep. 30, 2013
Related Party Transactions  
Related Party Transactions

Note 20.  Related Party Transactions

 

The Company had sales of $510 thousand and $322 thousand during the three months ended September 30, 2013 and 2012, respectively, to a generic distributor, Auburn Pharmaceutical Company (“Auburn”).  Jeffrey Farber, Chairman of the Board and the son of William Farber, Chairman Emeritus of the Board of Directors and principal stockholder of the Company, is the owner of Auburn.  Accounts receivable includes amounts due from Auburn of $42 thousand and $200 thousand at September 30, 2013 and June 30, 2013, respectively.  In the Company’s opinion, the terms of these transactions were not more favorable to Auburn than would have been to a non-related party.