Acquired Card Receivables (Tables)

12 Months Ended

Jun. 30, 2024

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):

	June 30,
	2024		2023
Current and less than 30 days past due	$	706,026	$	463,704
30 ~ 59 days past due	4,277		2,507
60 ~ 89 days past due	3,393		4,544
90 ~ 119 days past due	4,093		3,196
Over 120 days past due	310		197
Total	$	718,099	$	474,148

Summary of Change in Allowance for Credit Losses

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

	June 30,
	2024		2023
Balance, beginning	$	15,498	$	5,414
Initial allowance for expected credit losses on purchased card receivables with credit deterioration	—		10
Provision for expected credit losses	52,327		32,015
Charge-off amounts	(51,805)		(24,120)
Recoveries collected	4,863		2,179
Balance, ending	$	20,883	$	15,498