Accounts Receivable and Credit Losses (Tables)

3 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Schedule of classification of our accounts receivable

The classification of our accounts receivable balances were as follows (in thousands):

	September 30, 2020
		Gross		Allowance		Net
Trade receivables, current	$	106,980	$	(10,634)	$	96,346
Financing receivables, current		6,906		(3,716)		3,190
Accounts receivable, current	$	113,886	$	(14,350)	$	99,536
Financing receivables, current	$	6,906	$	(3,716)	$	3,190
Financing receivables, noncurrent		42,925		(13,099)		29,826
Total financing receivables	$	49,831	$	(16,815)	$	33,016

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of September 30, 2020 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2017		2018		2019		2020		2021		Total
1-30 days past due	$	1,117	$	1,338	$	647	$	889	$	379	$	24	$	4,394
31-60 days past due		556		145		41		67		223		—		1,032
61-90 days past due		609		59		444		71		127		—		1,310
Greater than 90 days past due		8,179		3,156		2,475		1,132		334		—		15,276
Total past due		10,461		4,698		3,607		2,159		1,063		24		22,012
Current		11,634		4,994		3,732		4,682		2,384		393		27,819
Financing receivables, gross	$	22,095	$	9,692	$	7,339	$	6,841	$	3,447	$	417	$	49,831

Institutional Loan Balances and Related Allowances for Credit Losses

The following table includes our financing receivables credit risk profile disclosures for prior periods before we adopted ASC 326 on July 1, 2020 (in thousands):

							Over						Total
	1-30 Days		31-60 Days		61-90 Days		90 Days		Total				Financing
	Past Due		Past Due		Past Due		Past Due		Past Due		Current		Receivables
Financing receivables:
June 30, 2020	$	7,192	$	1,755	$	1,547	$	13,782	$	24,276	$	25,749	$	50,025
September 30, 2019	$	3,317	$	1,342	$	526	$	10,961	$	16,146	$	31,527	$	47,673

Rollforward of the allowance for credit losses

The following tables provide a rollforward of the allowance for credit losses (in thousands):

	Three Months Ended September 30, 2020
	Trade		Financing		Total
Beginning balance	$	10,825	$	15,690	$	26,515
Write-offs		(759)		(256)		(1,015)
Recoveries		186		40		226
Provision for credit losses		382		1,341		1,723
Ending balance	$	10,634	$	16,815	$	27,449

	Three Months Ended September 30, 2019
	Trade		Financing		Total
Beginning balance	$	8,243	$	6,289	$	14,532
Write-offs		(1,598)		(26)		(1,624)
Recoveries		323		24		347
Provision for credit losses		2,263		3,291		5,554
Ending balance	$	9,231	$	9,578	$	18,809