XML 33 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
RELATED PARTY TRANSACTIONS AND CERTAIN OTHER TRANSACTIONS
12 Months Ended
Jun. 30, 2017
Restructuring and Related Activities [Abstract]  
RELATED PARTY TRANSACTIONS AND CERTAIN OTHER TRANSACTIONS
RELATED PARTY TRANSACTIONS AND CERTAIN OTHER TRANSACTIONS

Aircraft Lease Agreement
On November 13, 2013, the Company entered into an aircraft lease agreement (the "Aircraft Lease Agreement") with RJP Manageco LLC (the "Lessor"), a limited liability company owned by the Company’s Chief Executive Officer, Robert J. Pera. Pursuant to the Aircraft Lease Agreement, the Company may lease an aircraft owned by the Lessor for Company business purposes. Under the Aircraft Lease Agreement, the aircraft may be leased at a rate of $5,000 per flight hour. This hourly rate does not include the cost of flight crew or on-board services, which the Company will purchase from a third-party provider. The Company recognized a total of approximately $2.12 million, $1.3 million and $0.4 million in expenses pursuant to the Aircraft Lease Agreement during fiscal 2017, fiscal 2016 and fiscal 2015, respectively. All expenses pursuant to the Aircraft Lease Agreement have been included in the Company's sales, general and administrative expenses in the Consolidated Statements of Operations.