Accounts Receivable and Credit Losses (Tables)

6 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Schedule of classification of our accounts receivable

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

	December 31, 2020
		Gross		Allowance		Net
Trade receivables, current	$	99,811	$	(11,298)	$	88,513
Financing receivables, current		6,830		(4,292)		2,538
Accounts receivable, current	$	106,641	$	(15,590)	$	91,051
Financing receivables, current	$	6,830	$	(4,292)	$	2,538
Financing receivables, noncurrent		41,165		(13,063)		28,102
Total financing receivables	$	47,995	$	(17,355)	$	30,640

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of December 31, 2020 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2017		2018		2019		2020		2021		Total
1-30 days past due	$	767	$	444	$	589	$	909	$	342	$	23	$	3,074
31-60 days past due		631		500		97		123		183		29		1,563
61-90 days past due		261		417		69		195		245		—		1,187
Greater than 90 days past due		7,635		2,367		2,200		1,027		506		—		13,735
Total past due		9,294		3,728		2,955		2,254		1,276		52		19,559
Current		11,824		5,389		3,891		4,205		2,271		856		28,436
Financing receivables, gross	$	21,118	$	9,117	$	6,846	$	6,459	$	3,547	$	908	$	47,995

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
December 31, 2019	$	3,226	$	1,601	$	566	$	13,407	$	18,800	$	31,415	$	50,215

Rollforward of the allowance for credit losses

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

	Three Months Ended December 31, 2020						Six Months Ended December 31, 2020
	Trade		Financing		Total		Trade		Financing		Total
Beginning balance	$	10,634	$	16,815	$	27,449	$	10,825	$	15,690	$	26,515
Write-offs		(1,143)		(1,597)		(2,740)		(1,902)		(1,853)		(3,755)
Recoveries		205		85		290		391		125		516
Provision for credit losses		1,602		2,052		3,654		1,984		3,393		5,377
Ending balance	$	11,298	$	17,355	$	28,653	$	11,298	$	17,355	$	28,653

	Three Months Ended December 31, 2019						Six Months Ended December 31, 2019
	Trade		Financing		Total		Trade		Financing		Total
Beginning balance	$	9,231	$	9,578	$	18,809	$	8,243	$	6,289	$	14,532
Write-offs		(1,306)		(45)		(1,351)		(2,904)		(71)		(2,975)
Recoveries		181		4		185		504		28		532
Provision for credit losses		1,546		4,336		5,882		3,809		7,627		11,436
Ending balance	$	9,652	$	13,873	$	23,525	$	9,652	$	13,873	$	23,525