Noncontrolling Interest (Notes)

9 Months Ended

Mar. 31, 2014

Noncontrolling Interest Disclosure [Text Block]

Noncontrolling Interest

We own a 51% controlling interest in a joint business arrangement with Plaza Create Co. Ltd., a leading Japanese retailer of photo products, to expand our market presence in Japan. During the three months ended March 31, 2014, we contributed $4,891 in cash and $1,100 in assets, and Plaza Create made an initial capital contribution of $4,818 in cash and assets valued at $955. The balance sheet and results of the joint business arrangement are included in our consolidated financial statements for the period ended March 31, 2014. Plaza Create’s share of the net loss of the operations is included in net loss attributable to noncontrolling interest in the consolidated statement of operation for the period ended March 31, 2014. The 49% noncontrolling equity interest in the business is presented separately as temporary equity in our consolidated balance sheet for the period ended March 31, 2014, due to certain default provisions contained in the agreement.

The following table presents the changes in our redeemable noncontrolling interest for the nine months ended March 31, 2014:



	Noncontrolling Interest
Balance as of June 30, 2013	$	—
Capital contribution from noncontrolling interest	5,773
Adjustment to noncontrolling interest	56
Net loss attributable to noncontrolling interest	(34		)
Foreign currency translation	(54		)
Balance as of March 31, 2014	$	5,741

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References+ Details