Accounts Receivable and Credit Losses (Tables)

3 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Schedule of classification of our accounts receivable

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

	September 30, 2023
		Gross		Allowance		Net
Trade receivables, current	$	177,537	$	(32,361)	$	145,176
Financing receivables, current		4,811		(2,235)		2,576
Accounts receivable, current	$	182,348	$	(34,596)	$	147,752
Financing receivables, current	$	4,811	$	(2,235)	$	2,576
Financing receivables, noncurrent		36,625		(9,951)		26,674
Total financing receivables	$	41,436	$	(12,186)	$	29,250

	June 30, 2023
		Gross		Allowance		Net
Trade receivables, current	$	129,318	$	(29,190)	$	100,128
Financing receivables, current		4,757		(2,136)		2,621
Accounts receivable, current	$	134,075	$	(31,326)	$	102,749
Financing receivables, current	$	4,757	$	(2,136)	$	2,621
Financing receivables, noncurrent		36,368		(9,332)		27,036
Total financing receivables	$	41,125	$	(11,468)	$	29,657

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of September 30, 2023 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2020		2021		2022		2023		2024		Total
1-30 days past due	$	314	$	116	$	211	$	141	$	1,812	$	340	$	2,934
31-60 days past due		264		13		367		194		1,376		316		2,530
61-90 days past due		242		—		393		52		165		19		871
91-120 days past due		76		90		60		429		687		—		1,342
121-150 days past due		12		—		—		192		276		—		480
Greater than 150 days past due		3,242		593		1,654		1,778		594		—		7,861
Total past due		4,150		812		2,685		2,786		4,910		675		16,018
Current		6,551		776		4,802		2,563		8,333		2,393		25,418
Financing receivables, gross	$	10,701	$	1,588	$	7,487	$	5,349	$	13,243	$	3,068	$	41,436
Gross write-offs	$	276	$	199	$	156	$	54	$	51	$	—	$	736

The credit quality analysis of financing receivables as of June 30, 2023 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2019		2020		2021		2022		2023		Total
1-30 days past due	$	186	$	79	$	115	$	137	$	735	$	1,944	$	3,196
31-60 days past due		61		34		—		359		573		1,103		2,130
61-90 days past due		97		39		110		65		559		368		1,238
91-120 days past due		2		17		2		13		77		200		311
121-150 days past due		62		37		26		45		147		129		446
Greater than 150 days past due		2,641		734		708		2,071		1,457		381		7,992
Total past due		3,049		940		961		2,690		3,548		4,125		15,313
Current		6,199		1,112		820		5,350		2,608		9,723		25,812
Financing receivables, gross	$	9,248	$	2,052	$	1,781	$	8,040	$	6,156	$	13,848	$	41,125

Rollforward of the allowance for credit losses

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

	Three Months Ended September 30, 2023
	Trade		Financing		Total
Beginning balance	$	29,190	$	11,468	$	40,658
Write-offs		(8,412)		(736)		(9,148)
Recoveries		2,621		190		2,811
Provision for credit losses		8,962		1,264		10,226
Ending balance	$	32,361	$	12,186	$	44,547

	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