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Related Party Transactions
12 Months Ended
Jun. 30, 2016
Related Party Transactions  
Related Party Transactions

 

Note 20.  Related Party Transactions

 

The Company had sales of $3.1 million, $1.9 million and $2.3 million during the fiscal years ended June 30, 2016, 2015 and 2014, respectively, to a generic distributor, Auburn Pharmaceutical Company (“Auburn”).  Jeffrey Farber, Chairman of the Board, is the owner of Auburn.  Accounts receivable includes amounts due from Auburn of $682 thousand and $733 thousand at June 30, 2016 and 2015, respectively.

 

In the Company’s opinion, the terms of these related party transactions were not more favorable than would have been to a non-related party.