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Accounts Receivable and Significant Clients
 9 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Accounts Receivable and Significant Clients ACCOUNTS RECEIVABLE AND SIGNIFICANT CLIENTS
Accounts receivable, net in the accompanying consolidated balance sheets consists of the following:

March 31,June 30,
($000s)20242023
Accounts receivable$103,424 $86,484 
Less: Allowance for credit losses(107)(120)
Accounts receivable, net$103,317 $86,364 

The Company estimates its expected credit losses using the lifetime expected credit loss model. The allowance for credit losses is calculated quarterly based on the Company’s historical loss percentages, net of recoveries. In addition to the evaluation of historical losses, the Company considers current and future economic conditions and events such as changes in customer credit quality and liquidity. The Company will write-off accounts receivable against the allowance when it determines a balance is uncollectible.

Activity in the Company’s allowance for credit losses consists of the following:

Three Months Ended
March 31,		Nine Months Ended
March 31,
($000s)2024202320242023
Beginning balance$117 $424 $120 $1,290 
Provision for credit losses69 17 93 155 
Reversal of provision for credit losses(13)(29)(31)(50)
Uncollectible receivables written off(67)(4)(78)(955)
Effect of foreign exchange1 (37)3 (69)
Ending balance$107 $371 $107 $371 

Significant Client

During the nine months ended March 31, 2024 and 2023, the Company had one client that contributed approximately 12.8% and 13.0% of total revenue, respectively.

To limit the Company’s credit risk with its clients, management regularly monitors the aging of customer receivables, maintains allowances for credit losses and may require prepayment for services from certain clients. Based on currently available information, management does not believe significant credit risk exists as of March 31, 2024.