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REDEEMABLE LIMITED PARTNERS' CAPITAL (Tables)

12 Months Ended

Jun. 30, 2018

Temporary Equity Disclosure [Abstract]

Changes in Redeemable Limited Partners' Capital

The table below provides a summary of the changes in the redeemable limited partners' capital from June 30, 2015 to June 30, 2018 (in thousands):

	Receivables From Limited Partners			Redeemable Limited Partners' Capital			Accumulated Other Comprehensive Income (Loss)			Total Redeemable Limited Partners' Capital
June 30, 2015	$	(11,633	)	$	4,091,473		$	(8	)	$	4,079,832
Distributions applied to receivables from limited partners	5,407			—			—			5,407
Redemption of limited partners	—			(4,281		)	—			(4,281		)
Net income attributable to non-controlling interest in Premier LP	—			193,547			—			193,547
Distributions to limited partners	—			(92,767		)	—			(92,767		)
Net unrealized loss on marketable securities	—			—			(77		)	(77		)
Exchange of Class B common units for Class A common stock by member owners	—			(267,681		)	—			(267,681		)
Adjustment of redeemable limited partners' capital to redemption amount	—			(776,750		)	—			(776,750		)
June 30, 2016	$	(6,226	)	$	3,143,541		$	(85	)	$	3,137,230
Distributions applied to receivables from limited partners	2,049			—			—			2,049

	Receivables From Limited Partners			Redeemable Limited Partners' Capital			Accumulated Other Comprehensive Income (Loss)			Total Redeemable Limited Partners' Capital
Redemption of limited partners	—			(416		)	—			(416		)
Net income attributable to non-controlling interest in Premier LP	—			336,052			—			336,052
Distributions to limited partners	—			(92,892		)	—			(92,892		)
Net realized loss on marketable securities	—			—			85			85
Exchange of Class B common units for Class A common stock by member owners	—			(157,371		)	—			(157,371		)
Exchange of Class B common units for cash by member owners	—			(123,330		)	—			(123,330		)
Adjustment of redeemable limited partners' capital to redemption amount	—			37,176			—			37,176
June 30, 2017	$	(4,177	)	$	3,142,760		$	—		$	3,138,583
Distributions applied to receivables from limited partners	1,972			—			—			1,972
Redemption of limited partners	—			(942		)	—			(942		)
Net income attributable to non-controlling interest in Premier LP	—			224,269			—			224,269
Distributions to limited partners	—			(69,770		)	—			(69,770		)
Exchange of Class B common units for Class A common stock by member owners	—			(216,121		)	—			(216,121		)
Adjustment of redeemable limited partners' capital to redemption amount	—			(157,581		)	—			(157,581		)
June 30, 2018	$	(2,205	)	$	2,922,615		$	—		$	2,920,410

Schedule of Incentive Distributions Made to Managing Members or General Partners by Distribution [Table Text Block]

Quarterly distributions made to limited partners during the current fiscal year are as follows (in thousands):

Date	Distribution (a)
August 24, 2017	$	24,951
November 22, 2017	$	20,752
February 22, 2018	$	20,396
May 24, 2018	$	13,157

(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 for each respective distribution date. Premier LP expects to make a $15.5 million quarterly distribution on or before August 23, 2018. The distribution is reflected in limited partners' distribution payable in the accompanying Consolidated Balance Sheets at June 30, 2018.

Schedule of Limited Partners' Capital Account by Class

During the year ended June 30, 2018, the Company recorded total reductions of $216.1 million to redeemable limited partners' capital to reflect the exchange of approximately 6.5 million Class B common units and surrender of associated shares of Class B common stock by member owners for a like number of shares of the Company's Class A common stock (see Note 15 - Earnings (Loss) Per Share for more information). Quarterly exchanges during the current fiscal year were as follows (in thousands, except Class B common units):

Date of Quarterly Exchange	Number of Class B Common Units Exchanged		Reduction in Redeemable Limited Partners' Capital
July 31, 2017	1,231,410		$	42,976
October 31, 2017	3,651,294		119,289
January 31, 2018	1,006,435		32,659
April 30, 2018	642,566		21,197
	6,531,705		$	216,121

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- Definition

Tabular disclosure of incentive payments in cash or stock or units paid during the accounting period to managing members or general partners of a limited liability corporation or limited partnership, as governed by the operating or partnership agreement. Disclosure may include identification of recipient, payments made, minimum distribution level, date payments are received, distributions per unit and per year, subsequent distribution amount and date.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
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-URI http://asc.fasb.org/extlink&oid=6926462&loc=SL5163672-159010

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Tabular disclosure of the varying rights, preferences and privileges of each class of limited partnership interest.

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Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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