Accounts Receivable and Credit Losses (Tables)

3 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Schedule of classification of our accounts receivable

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

	September 30, 2022
		Gross		Allowance		Net
Trade receivables, current	$	142,071	$	(32,882)	$	109,189
Financing receivables, current		5,955		(3,286)		2,669
Accounts receivable, current	$	148,026	$	(36,168)	$	111,858
Financing receivables, current	$	5,955	$	(3,286)	$	2,669
Financing receivables, noncurrent		37,467		(12,338)		25,129
Total financing receivables	$	43,422	$	(15,624)	$	27,798

	June 30, 2022
		Gross		Allowance		Net
Trade receivables, current	$	109,882	$	(30,897)	$	78,985
Financing receivables, current		6,116		(3,466)		2,650
Accounts receivable, current	$	115,998	$	(34,363)	$	81,635
Financing receivables, current	$	6,116	$	(3,466)	$	2,650
Financing receivables, noncurrent		36,265		(11,425)		24,840
Total financing receivables	$	42,381	$	(14,891)	$	27,490

	September 30, 2021
		Gross		Allowance		Net
Trade receivables, current	$	153,838	$	(16,497)	$	137,341
Financing receivables, current		8,294		(5,245)		3,049
Accounts receivable, current	$	162,132	$	(21,742)	$	140,390
Financing receivables, current	$	8,294	$	(5,245)	$	3,049
Financing receivables, noncurrent		37,509		(11,819)		25,690
Total financing receivables	$	45,803	$	(17,064)	$	28,739

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of September 30, 2022 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2019		2020		2021		2022		2023		Total
1-30 days past due	$	232	$	151	$	38	$	873	$	1,112	$	989	$	3,395
31-60 days past due		106		172		264		199		646		—		1,387
61-90 days past due		7		11		3		299		35		—		355
91-120 days past due		62		—		3		1,063		24		—		1,152
121-150 days past due		390		146		72		409		244		—		1,261
Greater than 150 days past due		7,472		1,175		634		1,948		657		—		11,886
Total past due		8,269		1,655		1,014		4,791		2,718		989		19,436
Current		6,971		1,321		1,179		7,592		5,062		1,861		23,986
Financing receivables, gross	$	15,240	$	2,976	$	2,193	$	12,383	$	7,780	$	2,850	$	43,422

The credit quality analysis of financing receivables as of June 30, 2022 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2018		2019		2020		2021		2022		Total
1-30 days past due	$	104	$	140	$	114	$	191	$	699	$	782	$	2,030
31-60 days past due		278		38		214		145		691		332		1,698
61-90 days past due		58		29		217		8		668		273		1,253
91-120 days past due		97		139		113		45		670		14		1,078
121-150 days past due		17		30		20		41		206		81		395
Greater than 150 days past due		6,978		876		1,077		683		1,596		377		11,587
Total past due		7,532		1,252		1,755		1,113		4,530		1,859		18,041
Current		4,687		2,229		1,483		1,167		8,910		5,864		24,340
Financing receivables, gross	$	12,219	$	3,481	$	3,238	$	2,280	$	13,440	$	7,723	$	42,381

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

	Amortized Cost Basis by Origination Year
	Prior		2018		2019		2020		2021		2022		Total
1-30 days past due	$	149	$	60	$	145	$	342	$	1,498	$	33	$	2,227
31-60 days past due		52		257		230		19		462		101		1,121
61-90 days past due		25		66		—		19		227		86		423
91-120 days past due		124		16		131		12		467		—		750
121-150 days past due		545		13		38		2		323		—		921
Greater than 150 days past due		9,347		1,826		1,195		891		1,083		—		14,342
Total past due		10,242		2,238		1,739		1,285		4,060		220		19,784
Current		6,670		2,710		1,930		1,280		11,638		1,791		26,019
Financing receivables, gross	$	16,912	$	4,948	$	3,669	$	2,565	$	15,698	$	2,011	$	45,803

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, 2022
	Trade		Financing		Total
Beginning balance	$	30,897	$	14,891	$	45,788
Write-offs		(5,464)		(219)		(5,683)
Recoveries		2,408		2		2,410
Provision for credit losses		5,041		950		5,991
Ending balance	$	32,882	$	15,624	$	48,506

	Three Months Ended September 30, 2021
	Trade		Financing		Total
Beginning balance	$	11,559	$	16,832	$	28,391
Write-offs		(1,733)		(537)		(2,270)
Recoveries		1,251		—		1,251
Provision for credit losses		5,420		769		6,189
Ending balance	$	16,497	$	17,064	$	33,561