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FINANCE RECEIVABLES
12 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
FINANCE RECEIVABLES

5. FINANCE RECEIVABLES

Finance receivables consist of the following:

 

 

 

 

 

 

 

   

 

June 30, 

 

June 30, 

($ in thousands)

    

2017

    

2016

 

 

 

 

 

 

 

Total finance receivables

 

$

19,617

 

$

7,306

Less current portion

 

 

11,010

 

 

3,588

Non-current portion of finance receivables

 

$

8,607

 

$

3,718

 

The Company accounts for their finance receivables using delinquency and nonaccrual data as key performance indicators.  At June 30, 2017, $102 thousand is outstanding and classified as nonperforming.  The Company expects to collect on their outstanding finance receivables without the contracting of third parties.  At June 30, 2017, credit quality indicators consist of the following:

 

 

 

 

 

 

 

Credit risk profile based on payment activity:

 

June 30, 

 

June 30, 

($ in thousands)

    

2017

    

2016

 

 

 

 

 

 

 

Performing

 

$

19,515

 

$

7,174

Nonperforming

 

 

102

 

 

132

Total

 

$

19,617

 

$

7,306

 

Age Analysis of Past Due Finance Receivables

As of June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30 and under

 

31  60

 

61 – 90

 

Greater than

 

 

 

 

 

Total

 

 

Days Past

 

Days Past

 

Days Past

 

90 Days Past

 

Total Past

 

 

 

Finance

($ in thousands)

    

Due

    

Due

    

Due

    

Due

    

Due

    

Current

    

Receivables

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QuickStart Leases

 

$

29

 

$

 3

 

$

35

 

$

35

 

$

102

 

$

19,515

 

$

19,617

 

Age Analysis of Past Due Finance Receivables

As of June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30 and under

 

31  60

 

61 – 90

 

Greater than

 

 

 

 

 

Total

 

 

Days Past

 

Days Past

 

Days Past

 

90 Days Past

 

Total Past

 

 

 

Finance

($ in thousands)

    

Due

    

Due

    

Due

    

Due

    

Due

    

Current

    

Receivables

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QuickStart Leases

 

$

 —

 

$

98

 

$

31

 

$

 3

 

$

132

 

$

7,174

 

$

7,306

 

Finance receivables due for each of the fiscal years following June 30, 2017 are as follows:

 

 

 

 

($ in thousands)

 

 

 

 

 

 

 

2018

 

$

11,010

2019

 

 

2,417

2020

 

 

2,462

2021

 

 

2,006

2022

 

 

1,656

Thereafter

 

 

66

 

 

 

19,617