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Noncontrolling Interest | 6 Months Ended
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Dec. 31, 2016
Noncontrolling Interest [Abstract] |
Noncontrolling Interest | Noncontrolling Interest During the third quarter of 2015, Astral was created in conjunction with a noncontrolling interest, resulting in Astrotech owning 72% of Astral; currently, the Company owns 92% of Astral. The following table details the contributions from the Company and the minority interest owner and the Company’s ownership percentage of Astral:
(In thousands) | ASTC Contribution |  | Minority Owner Contribution |  | ASTC Ownership
Initial investment | $ | 1,422 |  |  | $ | 422 |  |  | 72 | %
Contributions through June 30, 2016 | 4,000 |  |  | — |  |  | 92 | %
Total Contributions | $ | 5,422 |  |  | $ | 422 |  |  |
The Company applies noncontrolling interest accounting, which requires us to clearly identify the noncontrolling interest in the condensed consolidated balance sheets and consolidated income statements. The Company discloses three measures of net loss: net loss, net loss attributable to noncontrolling interest, and net loss attributable to Astrotech Corporation. The Company’s operating cash flows in its consolidated statements of cash flows reflect net loss, while our basic and diluted earnings per share calculations reflect net loss attributable to Astrotech Corporation. The following table breaks down the changes in Stockholders’ Equity for the fiscal year 2017 (in thousands):
|  | Astrotech Corp Stockholders' Equity |  | Noncontrolling Interest in Subsidiary |  | Total Stockholders' Equity
Balance at June 30, 2016 |  | $ | 28,667 |  |  | $ | (40 | ) |  | $ | 28,627 |
Stock based compensation |  | 954 |  |  | — |  |  | 954 |
Shares repurchases |  | (1,283 | ) |  | — |  |  | (1,283 | )
Net change in available-for-sale securities |  | 21 |  |  | — |  |  | 21 |
Net loss attributable to Astrotech Corporation |  | (6,018 | ) |  | — |  |  | (6,018 | )
Net loss attributable to noncontrolling interest |  | — |  |  | (103 | ) |  | (103 | )
Balance at December 31, 2016 |  | $ | 22,341 |  |  | $ | (143 | ) |  | $ | 22,198 |

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64809438&loc=SL4573702-111684 + Details
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- References No definition available. + Details
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