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REDEEMABLE LIMITED PARTNERS' CAPITAL (Tables)
 9 Months Ended
Mar. 31, 2017
Temporary Equity Disclosure [Abstract]  
Changes in Redeemable Limited Partners' Capital
The table below shows the changes in the redeemable limited partners' capital from June 30, 2016 to March 31, 2017 (in thousands):
 
Receivables From Limited Partners
Redeemable Limited Partners' Capital
Accumulated Other Comprehensive Loss
Total Redeemable Limited Partners' Capital
June 30, 2016
$
(6,226
)
$
3,143,541

$
(85
)
$
3,137,230

Distributions applied to receivables from limited partners
1,561

—

—

1,561

Redemption of limited partner
—

(132
)
—

(132
)
Net income attributable to non-controlling interest in Premier LP (restated)
—

282,207

—

282,207

Distributions to limited partners
—

(67,941
)
—

(67,941
)
Net unrealized loss on marketable securities
—

—

85

85

Exchange of Class B common units for Class A common stock by member owners
—

(123,781
)
—

(123,781
)
Exchange of Class B common units for cash by member owners
—

(123,330
)
—

(123,330
)
Adjustment to redemption amount (restated)
—

(296,566
)
—

(296,566
)
March 31, 2017
$
(4,665
)
$
2,813,998

$
—

$
2,809,333
Schedule of Quarterly Distributions to Limited Partners
Actual and expected quarterly distributions made to limited partners during the current fiscal year are as follows (in thousands):
Date
Distribution (a)
August 25, 2016
$
22,493

November 23, 2016
$
22,137

February 28, 2017
$
22,733

May 29, 2017 (b)
$
23,071

(a)
Distributions are equal to Premier LP’s total taxable income from the preceding fiscal quarter-to-date period for each respective distribution date multiplied by the Company's standalone effective combined federal, state and local income tax rate.
(b)
Premier LP expects to make a quarterly distribution on or before May 29, 2017. The distribution is reflected in limited partners’ distribution payable in the accompanying condensed consolidated balance sheets at March 31, 2017.