XML 89 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Schedule of Non-Controlling Interest, LLC
The balance of the non-controlling interest from the initial public offering date of February 5, 2014 (the "IPO") to June 30, 2014 is as follows (in thousands):
Balance held by the non-controlling LLC unit holders immediately after the IPO
 
$
18,344

Allocation of loss to the non-controlling LLC unit holders subsequent to the IPO
 
(6,960
)
Distributions paid and payable to non-controlling LLC unit holders subsequent to IPO
 
(2,583
)
Balance of non-controlling interest as of June 30, 2014
 
$
8,801
Property and Equipment
Depreciation on leasehold improvements is computed using the straight-line method based on the lesser of the remaining lease term or the estimated useful life and depreciation of equipment is computed using the straight-line method over the estimated useful life as follows:
 
 
Years
Leasehold improvements
 
Shorter of useful life or lease term
Machinery and equipment
 
3-5
Furniture and fixtures
 
3-5
Property and equipment, net consisted of the following:
 
 
 
As of June 30, 2014
 
As of June 30, 2013
Land
 
$
254

 
$
254

Leasehold improvements
 
2,039

 
1,604

Machinery and equipment
 
11,257

 
7,320

Furniture and fixtures
 
1,544

 
1,379

Construction in process
 
2,987

 
1,683

 
 
18,081

 
12,240

Less accumulated depreciation
 
(7,118
)
 
(5,592
)
 
 
$
10,963

 
$
6,648
Change In Accrual For Dealer Rebates
Changes in the Company’s accrual for dealer rebates were as follows:
 
As of June 30,
 
2014
 
2013
Balance at beginning of year
$
2,709

 
$
1,801

Add: Additions to dealer rebate incentive provision
4,511

 
4,261

Less: Dealer rebates paid
(4,816
)
 
(3,353
)
Balance at end of year
$
2,404

 
$
2,709
Change in Accrual For Floor Financing
Changes in the Company’s accrual for flooring financing were as follows:
 
As of June 30,
 
2014
 
2013
Balance at beginning of year
$
—

 
$
—

Add: Additions to flooring provision
2,197

 
2,413

Less: Flooring paid
(2,197
)
 
(2,413
)
Balance at end of year
$
—

 
$
—