Accounts Receivable and Credit Losses (Tables)

9 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Schedule of classification of our accounts receivable

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

	March 31, 2021
		Gross		Allowance		Net
Trade receivables, current	$	87,537	$	(12,220)	$	75,317
Financing receivables, current		5,019		(2,777)		2,242
Accounts receivable, current	$	92,556	$	(14,997)	$	77,559
Financing receivables, current	$	5,019	$	(2,777)	$	2,242
Financing receivables, noncurrent		40,728		(13,540)		27,188
Total financing receivables	$	45,747	$	(16,317)	$	29,430

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of March 31, 2021 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2017		2018		2019		2020		2021		Total
1-30 days past due	$	557	$	344	$	260	$	386	$	242	$	656	$	2,445
31-60 days past due		171		302		298		98		245		25		1,139
61-90 days past due		1,868		744		672		605		356		67		4,312
91-120 days past due		120		139		22		134		172		—		587
121-150 days past due		401		351		129		143		158		28		1,210
Greater than 150 days past due		5,994		2,369		1,512		950		313		116		11,254
Total past due		9,111		4,249		2,893		2,316		1,486		892		20,947
Current		5,114		3,243		2,322		2,002		1,955		10,164		24,800
Financing receivables, gross	$	14,225	$	7,492	$	5,215	$	4,318	$	3,441	$	11,056	$	45,747

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
March 31, 2020	$	3,484	$	1,145	$	1,673	$	13,382	$	19,684	$	30,612	$	50,296

Rollforward of the allowance for credit losses

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

	Three Months Ended March 31, 2021						Nine Months Ended March 31, 2021
	Trade		Financing		Total		Trade		Financing		Total
Beginning balance	$	11,298	$	17,355	$	28,653	$	10,825	$	15,690	$	26,515
Write-offs		(1,499)		(1,934)		(3,433)		(3,401)		(3,787)		(7,188)
Recoveries		336		20		356		727		145		872
Provision for credit losses		2,085		876		2,961		4,069		4,269		8,338
Ending balance	$	12,220	$	16,317	$	28,537	$	12,220	$	16,317	$	28,537

	Three Months Ended March 31, 2020						Nine Months Ended March 31, 2020
	Trade		Financing		Total		Trade		Financing		Total
Beginning balance	$	9,652	$	13,873	$	23,525	$	8,243	$	6,289	$	14,532
Write-offs		(475)		(593)		(1,068)		(3,379)		(664)		(4,043)
Recoveries		202		12		214		706		40		746
Provision for credit losses		120		1,399		1,519		3,929		9,026		12,955
Ending balance	$	9,499	$	14,691	$	24,190	$	9,499	$	14,691	$	24,190