Accounts Receivable, Net And Finance Loans Receivable, Net

12 Months Ended

Jun. 30, 2016

Accounts Receivable, Net And Finance Loans Receivable, Net [Abstract]

Accounts Receivable, Net And Finance Loans Receivable, Net

5. ACCOUNTS RECEIVABLE, net and FINANCE LOANS RECEIVABLE, net

Accounts receivable, net

		2016			2015	(1)
Accounts receivable, trade, net	$	57,563		$	67,399
Accounts receivable, trade, gross		59,232			69,355
Allowance for doubtful accounts receivable, end of year		1,669			1,956
Beginning of year		1,956			1,313
Reversed to statement of operations		(68	)		(61	)
Charged to statement of operations		388			1,580
Utilized		(361	)		(654	)
Foreign currency adjustment		(246	)		(222	)
Current portion of payments to agents in South Korea amortized over the contract
period		26,572			25,998
Payments to agents in South Korea amortized over the contract period		52,469			53,431
Less: Payments to agents in South Korea amortized over the contract period
included in other long-term assets (Note 1)		25,897			27,433
Other receivables		23,670			27,938
Total accounts receivable, net	$	107,805		$	121,335

(1) – Receivables from the sale of prepaid products of $18,448 as of June 30, 2015, have been reclassified from Other receivables to Accounts receivable, trade, gross.

     Receivables from customers renting POS equipment from the Company are included in accounts receivable, trade, and are stated net of an allowance for certain amounts that the Company's management has identified may be unrecoverable. Accounts receivable, trade, also includes amounts due from customers from the sale of hardware, software licenses and SIM cards and provision of transaction processing services. During the years ended June 30, 2016 and 2014, the Company recorded a bad debt expense of $1.2 million and $0.6 million, respectively. The Company did not record a bad debt expense during the year ended June 30, 2015.

Finance loans receivable, net

		2016			2015
Finance loans receivable, gross	$	41,503		$	44,600
Allowance for doubtful finance loans receivable, end of year		4,494			4,227
Beginning of year		4,227			3,083
Charged to statement of operations		2,113			3,392
Utilized		(1,105	)		(1,705	)
Foreign currency adjustment		(741	)		(543	)
Total finance loans receivable, net	$	37,009		$	40,373

     The Company did not expense any unrecoverable finance loans receivable during the year ended June 30, 2016, 2015 and 2014, respectively, because these loans were written off directly against the allowance for doubtful finance loans receivable.