Accounts Receivable and Credit Losses (Tables)

9 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Schedule of classification of our accounts receivable

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

	March 31, 2023
		Gross		Allowance		Net
Trade receivables, current	$	138,392	$	(27,766)	$	110,626
Financing receivables, current		6,178		(3,520)		2,658
Accounts receivable, current	$	144,570	$	(31,286)	$	113,284
Financing receivables, current	$	6,178	$	(3,520)	$	2,658
Financing receivables, noncurrent		39,947		(13,670)		26,277
Total financing receivables	$	46,125	$	(17,190)	$	28,935

	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

	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

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of March 31, 2023 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2019		2020		2021		2022		2023		Total
1-30 days past due	$	290	$	199	$	2	$	930	$	612	$	959	$	2,992
31-60 days past due		158		67		189		242		569		240		1,465
61-90 days past due		34		22		160		140		404		384		1,144
91-120 days past due		43		51		—		21		78		423		616
121-150 days past due		67		21		38		138		48		23		335
Greater than 150 days past due		7,945		1,058		718		2,966		1,261		19		13,967
Total past due		8,537		1,418		1,107		4,437		2,972		2,048		20,519
Current		6,173		1,034		811		5,648		3,591		8,349		25,606
Financing receivables, gross	$	14,710	$	2,452	$	1,918	$	10,085	$	6,563	$	10,397	$	46,125

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 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

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, 2023						Nine Months Ended March 31, 2023
	Trade		Financing		Total		Trade		Financing		Total
Beginning balance	$	27,516	$	16,045	$	43,561	$	30,897	$	14,891	$	45,788
Write-offs		(11,575)		(161)		(11,736)		(31,751)		(777)		(32,528)
Recoveries		3,613		402		4,015		7,869		436		8,305
Provision for credit losses		8,212		904		9,116		20,751		2,640		23,391
Ending balance	$	27,766	$	17,190	$	44,956	$	27,766	$	17,190	$	44,956

	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