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Related Party Transactions
12 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
On July 11, 2012, the LLC reinstated certain payment provisions of a management agreement with an equity sponsor. Under the terms of the management agreement, as amended, the LLC agreed to pay a management fee of $1,831 for periods prior to June 30, 2012, $250 for the period July 1, 2012 through December 31, 2012 and $750 per annum beginning January 1, 2013, all of which is payable in advance. In connection with the IPO, this management agreement was terminated and a one time termination fee of $3,750 was paid to the former sponsor. Total payments associated with the management services, including termination fees, for the years ended June 30, 2015 and 2014 were $4,500 and $2,831, respectively, all of which are recorded as general and administrative expense.
Three non-employee members of the Company's board of directors are also shareholders of the Company and receive an annual retainer as compensation for services rendered. For the fiscal years ended June 30, 2016 and 2015, $392 and $374, respectively, was paid to these directors in both cash and equity for their services. Of the amount paid, $63 and $79 was a prepayment for services through the 2016 and 2015 annual meetings for the years ended June 30, 2016 and 2015, respectively.