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RELATED-PARTY TRANSACTIONS
 12 Months Ended
Jun. 30, 2019
RELATED-PARTY TRANSACTIONS  
RELATED-PARTY TRANSACTIONS

12.          RELATED-PARTY TRANSACTIONS

In 1994, we, together with an unrelated company, formed ECIL-Rapiscan Security Products Limited, a joint venture organized under the laws of India. We own a 36% interest in the joint venture, our Chairman and Chief Executive Officer owns a 10.5% interest, and our Executive Vice President and Director owns a 4.5% ownership interest. Our initial investment was approximately $0.1 million. For each of the years ended June 30, 2017, 2018 and 2019 our equity earnings in the joint venture were less than $0.1 million. We, our Chairman and Chief Executive Officer and our Executive Vice President and Director collectively control less than 50% of the board of directors voting power in the joint venture. As a result, we account for the investment under the equity method of accounting. The joint venture was formed for the purpose of the manufacture, assembly, service and testing of security and inspection systems and other products. Some of our subsidiaries are suppliers to the joint venture partner, which in turn manufactures and sells the resulting products. Sales to the joint venture partner for fiscal 2017, 2018 and 2019 were approximately $10.2 million, $4.6 million and $4.0 million, respectively. Receivables from the joint venture were $1.9 million and $1.1 million as of June 30, 2018 and 2019, respectively.