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Subsequent Events | 12 Months Ended
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Jun. 30, 2014
Subsequent Events [Abstract] |
Subsequent Events | (19) Subsequent Events Sale of Astrotech Space Operations business (“Asset Sale”) On May 28, 2014, the Company entered into a definitive agreement to sell the assets constituting its Astrotech Space Operations business to Lockheed Martin Corporation, including the assets of its wholly owned subsidiary, Astrotech Space Operations, for $61.0 million. The Asset Sale was approved by shareholder vote on August 20, 2014 in a special meeting held at the Company headquarters in Austin, TX. Additionally, the stockholders approved by non-binding advisory vote certain compensation arrangements for the Company’s named executive officers in connection with the Asset Sale. The following table summarizes the carrying amounts of the major classes of assets and liabilities at June 30, 2014, that were disposed of as part of the Asset Sale, which represented 100% of our ASO segment (in thousands):
Assets: |  |  |  |
Accounts receivable |  | $ | 1,220 |
Prepaid expenses and other current assets |  |  | 177 |
Property and equipment, net |  |  | 33,858 |
Total assets |  | $ | 35,255 |
Liabilities: |  |  |  |
Accounts payable |  | $ | 184 |
Accrued liabilities and other |  |  | 628 |
Deferred revenue |  |  | 1,110 |
Total liabilities |  | $ | 1,922 |
Net assets |  | $ | 33,333 |
Payoff of Term Loan On August 22, 2014, the Company used funds from its Asset Sale to pay off the outstanding balance of its term loan of $5.7 million. Payoff of Texas Emerging Technology Fund Award On August 27, 2014, the Company used funds from its Asset Sale to settle its funding from the State of Texas Emerging Technology Fund for $2.3 million.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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