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Financing Receivables (Tables)
6 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Institutional Loan Balances and Related Allowances for Credit Losses

The following table details the institutional loan balances along with the related allowances for credit losses (in thousands):

Six Months Ended

Year Ended

Six Months Ended

December 31, 2019

June 30, 2019

December 31, 2018

Gross institutional loans

    

    

$

50,215

    

    

$

47,937

    

    

$

46,633

Allowance for credit losses:

Balance as of July 1

 

$

(6,289)

 

$

(10,003)

 

$

(10,003)

Charge-offs and adjustments

71

10,777

8,570

Recoveries

(28)

(83)

(53)

Additional provision

(7,627)

(6,980)

(3,001)

Balance as of end of period

(13,873)

(6,289)

(4,487)

Net institutional loans

 

$

36,342

 

$

41,648

 

$

42,146

Institutional Student Loans Past Due

Greater

Than 90

Total

1-29 Days

30-59 Days

60-89 Days

Days

Total

Institutional

Past Due

Past Due

Past Due

Past Due

Past Due

Current

Loans

Institutional loans:

  

  

  

  

  

  

  

December 31, 2019

$

3,226

$

1,601

$

566

$

13,407

$

18,800

$

31,415

$

50,215

June 30, 2019

$

3,578

$

2,458

$

687

$

9,888

$

16,611

$

31,326

$

47,937

December 31, 2018

$

5,535

$

963

$

308

$

4,336

$

11,142

$

35,491

$

46,633