Acquired Card Receivables (Tables)

6 Months Ended

Dec. 31, 2023

Acquired Card Receivables [Abstract]

Summary of Acquired Card Receivables by Class

Below is a summary of the acquired card receivables by class (i.e., past due status) as of the dates presented (in thousands):

	December 31, 2023		June 30, 2023
Current and less than 30 days past due	$	524,440	$	463,704
30 ~ 59 days past due	5,570		2,507
60 ~ 89 days past due	5,584		4,544
90 ~ 119 days past due	2,511		3,196
Over 119 days past due	384		197
Total	$	538,489	$	474,148

Summary of Change in Allowance for Credit Losses

Below is a summary of the changes in allowance for credit losses presented (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2023		2022		2023		2022
Balance, beginning	$	18,513	$	7,541	$	15,498	$	5,414
Initial allowance for credit losses on purchased card receivables with credit deterioration	—		—		—		10
Provision for expected credit losses	14,354		8,520		26,329		15,103
Charge-off amounts	(12,118)		(4,379)		(21,908)		(9,412)
Recoveries collected	760		266		1,590		833
Balance, end of period	$	21,509	$	11,948	$	21,509	$	11,948