Accounts receivable, net consisted of the following (in thousands):


	June 30, 2022			June 30, 2021
Accounts receivable	$	82,117		$	74,054
Unbilled fees and services		13,325			12,354
		95,442			86,408
Less: Allowance for credit losses		(1,000	)		(1,048	)
Accounts receivable, net	$	94,442		$	85,360

The Company received payment or had credits of $0.3 million, added $0.6 million and wrote off $0.3 million from the allowance for credit losses in fiscal 2022. The Company received payment or had credits of $0.8 million, added $0.7 million and wrote off $0.2 million from the allowance for credit losses in fiscal 2021.

A financing receivable is a contractual right to receive money, on demand or on fixed or determinable dates, that is recognized as an asset in the Company’s balance sheet. The Company’s financing receivables, with contractual maturities of more than one year, totaled $2.8 million and $3.4 million at June 30, 2022 and 2021, respectively, and are included in Other Assets in the consolidated balance sheets. The Company evaluates the credit quality of a customer at contract inception and monitors credit quality over the term of the underlying transactions. The Company performs a credit analysis for all new customers and reviews payment history, current order backlog, financial performance of the customers and other variables that augment or mitigate the inherent credit risk of a particular transaction. Such variables include the underlying value and liquidity of the collateral, the essential use of the equipment, the contract term and the inclusion of credit enhancements, such as guarantees, letters of credit or security deposits. The Company classifies accounts as high risk when it considers the financing receivable to be impaired or when management believes there is a significant near‑term risk of non‑payment. The Company performed an assessment of the allowance for credit losses related to its financing receivables. Based upon such assessment, the Company recorded adjustments of zero and $3.4 million to the allowance for credit losses related to such financing receivables during the years ended June 30, 2022 and 2021, respectively.

A summary of the Company’s financing receivables is presented as follows (in thousands):


	June 30, 2022			June 30, 2021
Financing receivable	$	6,137		$	7,102
Allowance for credit losses		(943	)		(943	)
Total, net	$	5,194		$	6,159
Reported as:
Current	$	2,435		$	2,772
Non-current		2,759			3,387
Total, net	$	5,194		$	6,159

The Company added and wrote off no amount from the allowance for credit losses in fiscal year 2022. The Company added $0.2 million and wrote off $3.6 million in fiscal year 2021.

Actual cash collections may differ from the contracted maturities due to early customer buyouts, refinancing, or defaults.

Inventories consisted of the following (in thousands):


	June 30, 2022		June 30, 2021
Raw materials	$	61,871	$	45,301
Work-in-process		16,367		22,014
Finished goods		64,016		58,614
Inventories	$	142,254	$	125,929

Property and equipment consisted of the following (in thousands):


	June 30, 2022			June 30, 2021
Furniture and fixtures	$	1,766		$	1,636
Computer and office equipment		8,605			8,972
Software		5,344			7,477
Leasehold improvements		26,659			26,102
Machinery and equipment		46,522			45,265
Construction in progress		2,999			1,055
		91,895			90,507
Less: Accumulated depreciation		(79,210	)		(78,175	)
Property and equipment, net	$	12,685		$	12,332

Depreciation and amortization expense related to property and equipment for the years ended June 30, 2022, 2021 and 2020 was $5.4 million, $6.2 million and $7.3 million, respectively.

The following table summarizes the changes in accumulated other comprehensive income (loss) by component (in thousands):


	Foreign Currency Items			Change in Defined Pension Benefit Obligation			Total
Balance at June 30, 2020	$	752		$	(1,236	)	$	(484	)
Other comprehensive loss		1,705			872			2,577
Balance at June 30, 2021	$	2,457		$	(364	)	$	2,093
Other comprehensive loss		(3,998	)		4,311			313
Balance at June 30, 2022	$	(1,541	)	$	3,947		$	2,406

Other expense, net consisted of the following (in thousands):


	Years Ended June 30,
(in thousands)	2022			2021			2020
Interest expense	$	(8,129	)	$	(16,893	)		(18,080	)
Foreign currency transaction loss		(2,618	)		(1,953	)		(2,343	)
Gain on contribution to joint venture		—			—			12,964
Loss on Debt Extinguishment		—			(9,948	)		—
Other expense, net		356			1,128			759
Total other expense, net	$	(10,391	)	$	(27,666	)	$	(6,700	)