Accounts Receivable and Credit Losses (Tables)

9 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Schedule of classification of our accounts receivable

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

	March 31, 2022
		Gross		Allowance		Net
Trade receivables, current	$	120,428	$	(26,696)	$	93,732
Financing receivables, current		6,996		(4,664)		2,332
Accounts receivable, current	$	127,424	$	(31,360)	$	96,064
Financing receivables, current	$	6,996	$	(4,664)	$	2,332
Financing receivables, noncurrent		40,170		(13,410)		26,760
Total financing receivables	$	47,166	$	(18,074)	$	29,092

	June 30, 2021
		Gross		Allowance		Net
Trade receivables, current	$	52,512	$	(11,559)	$	40,953
Financing receivables, current		6,348		(4,260)		2,088
Accounts receivable, current	$	58,860	$	(15,819)	$	43,041
Financing receivables, current	$	6,348	$	(4,260)	$	2,088
Financing receivables, noncurrent		39,665		(12,572)		27,093
Total financing receivables	$	46,013	$	(16,832)	$	29,181

	March 31, 2021
		Gross		Allowance		Net
Trade receivables, current	$	66,558	$	(10,692)	$	55,866
Financing receivables, current		5,006		(2,764)		2,242
Accounts receivable, current	$	71,564	$	(13,456)	$	58,108
Financing receivables, current	$	5,006	$	(2,764)	$	2,242
Financing receivables, noncurrent		40,728		(13,540)		27,188
Total financing receivables	$	45,734	$	(16,304)	$	29,430

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of March 31, 2022 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2018		2019		2020		2021		2022		Total
1-30 days past due	$	93	$	98	$	90	$	179	$	473	$	342	$	1,275
31-60 days past due		344		137		318		218		297		128		1,442
61-90 days past due		113		228		30		131		575		273		1,350
91-120 days past due		39		239		44		93		249		155		819
121-150 days past due		259		4		—		15		81		102		461
Greater than 150 days past due		8,239		1,751		1,412		946		2,241		129		14,718
Total past due		9,087		2,457		1,894		1,582		3,916		1,129		20,065
Current		6,198		2,343		1,664		987		10,950		4,959		27,101
Financing receivables, gross	$	15,285	$	4,800	$	3,558	$	2,569	$	14,866	$	6,088	$	47,166

The credit quality analysis of financing receivables as of June 30, 2021 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2017		2018		2019		2020		2021		Total
1-30 days past due	$	297	$	7	$	320	$	559	$	135	$	1,616	$	2,934
31-60 days past due		145		2		165		49		61		660		1,082
61-90 days past due		24		310		92		102		69		95		692
91-120 days past due		287		—		131		16		47		13		494
121-150 days past due		43		31		133		42		256		108		613
Greater than 150 days past due		7,468		2,973		1,919		1,431		475		872		15,138
Total past due		8,264		3,323		2,760		2,199		1,043		3,364		20,953
Current		4,565		1,955		2,601		1,586		1,548		12,805		25,060
Financing receivables, gross	$	12,829	$	5,278	$	5,361	$	3,785	$	2,591	$	16,169	$	46,013

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	$	241	$	656	$	2,444
31-60 days past due		171		302		298		98		245		25		1,139
61-90 days past due		1,868		744		672		605		354		67		4,310
91-120 days past due		120		139		22		134		171		—		586
121-150 days past due		401		351		129		143		154		28		1,206
Greater than 150 days past due		5,994		2,369		1,512		949		309		116		11,249
Total past due		9,111		4,249		2,893		2,315		1,474		892		20,934
Current		5,114		3,243		2,322		2,002		1,955		10,164		24,800
Financing receivables, gross	$	14,225	$	7,492	$	5,215	$	4,317	$	3,429	$	11,056	$	45,734

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, 2022						Nine Months Ended March 31, 2022
	Trade		Financing		Total		Trade		Financing		Total
Beginning balance	$	21,335	$	17,710	$	39,045	$	11,559	$	16,832	$	28,391
Write-offs		(3,915)		(16)		(3,931)		(8,463)		(762)		(9,225)
Recoveries		2,670		11		2,681		6,024		28		6,052
Provision for credit losses		6,606		369		6,975		17,576		1,976		19,552
Ending balance	$	26,696	$	18,074	$	44,770	$	26,696	$	18,074	$	44,770

	Three Months Ended March 31, 2021						Nine Months Ended March 31, 2021
	Trade		Financing		Total		Trade		Financing		Total
Beginning balance	$	9,845	$	16,748	$	26,593	$	9,367	$	15,063	$	24,430
Write-offs		(1,266)		(1,331)		(2,597)		(2,938)		(3,079)		(6,017)
Recoveries		168		11		179		554		51		605
Provision for credit losses		1,945		876		2,821		3,709		4,269		7,978
Ending balance	$	10,692	$	16,304	$	26,996	$	10,692	$	16,304	$	26,996