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Financing Receivables (Tables)
9 Months Ended
Mar. 31, 2020
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):

Nine Months Ended

Year Ended

Nine Months Ended

March 31, 2020

June 30, 2019

March 31, 2019

Gross institutional loans

    

    

$

50,296

    

    

$

47,937

    

    

$

47,259

Allowance for credit losses:

Balance as of July 1

 

$

(6,289)

 

$

(10,003)

 

$

(10,003)

Charge-offs and adjustments

664

10,777

9,965

Recoveries

(40)

(83)

(73)

Additional provision

(9,026)

(6,980)

(4,571)

Balance as of end of period

(14,691)

(6,289)

(4,682)

Net institutional loans

 

$

35,605

 

$

41,648

 

$

42,577

Institutional Student Loans Past Due

Over

Total

1-29 Days

30-59 Days

60-89 Days

90 Days

Total

Institutional

Past Due

Past Due

Past Due

Past Due

Past Due

Current

Loans

Institutional loans:

  

  

  

  

  

  

  

March 31, 2020

$

3,484

$

1,145

$

1,673

$

13,382

$

19,684

$

30,612

$

50,296

June 30, 2019

$

3,578

$

2,458

$

687

$

9,888

$

16,611

$

31,326

$

47,937

March 31, 2019

$

4,092

$

4,412

$

4,125

$

4,543

$

17,172

$

30,087

$

47,259