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Discontinued Operations - DNI | 3 Months Ended
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Sep. 30, 2019
Discontinued Operations - DNI [Abstract] |
Discontinued Operations - DNI | 21. Discontinued operation - DNI The Company determined that the disposal of its controlling interest in DNI is a discontinued operation because it represented a strategic shift that will have a major effect on the Company's operations and financial results as a result of the sale of a significant portion of its investment in DNI. Refer to Note 3 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2019, for additional information regarding the deconsolidation of DNI. The table below presents the impact of the deconsolidation of DNI on certain major captions to the Company's unaudited condensed consolidated statement of operations and unaudited condensed consolidated statement of cash flows for three months ended September 30, 2019 and 2018, that have not been separately presented on those statements:
DNI |  |  |
|  | Three months |
|  | ended |
|  | September 30, |
|  | 2018 |
Unaudited condensed consolidated statement of operations |  |  |
Discontinued: |  |  |
Revenue | $ | 18,787 |
Cost of goods sold, IT processing, servicing and support |  | 10,211 |
Selling, general and administration |  | 457 |
Depreciation and amortization |  | 2,936 |
Operating income |  | 5,182 |
Interest income |  | 275 |
Interest expense |  | 201 |
Net income before tax |  | 5,256 |
Income tax expense |  | 1,515 |
Net income before earnings from equity-accounted investments |  | 3,741 |
Earnings from equity-accounted investments(1) | $ | (102 | )
Unaudited condensed consolidated statement of cash flows |  |  |
Discontinued: |  |  |
Total net cash (used in) provided by operating activities | $ | (3,518 | )
Total net cash (used in) provided by investing activities |  | (139 | )
(1) Earnings from equity-accounted investments for the three months ended September 30, 2018, represents earnings attributed to equity-accounted investment owned by DNI and included in the Company's results as a result of the consolidation of DNI. The Company retained a continuing involvement in DNI through its 30% interest in DNI (refer to Note 6). The Company expects to retain an interest in DNI for less than 12 months. The Company recorded earnings under the equity method related to its retained investment in DNI during the three months ended June 30, 2019, refer to Note 6. The table below presents revenues and expenses between the Company and DNI, after the DNI disposal transaction, during the three months ended September 30, 2019:
|  | Three months
|  | ended
|  | September 30,
|  | 2019
Revenue generated from transactions with DNI | $ | -
Expenses incurred related to transactions with DNI | $ | 2,274
Refer to Note 6 for the dividends received from DNI under the equity method during the three months ended September 30, 2019.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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