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FINANCE RECEIVABLES
6 Months Ended
Dec. 31, 2017
FINANCE RECEIVABLES  
FINANCE RECEIVABLES

4. FINANCE RECEIVABLES

 

Finance receivables consist of the following:

 

 

 

 

 

 

 

 

   

 

December 31, 

 

June 30, 

($ in thousands)

    

2017

    

2017

Total finance receivables

 

$

16,732

 

$

19,617

Less current portion

 

 

5,517

 

 

11,010

Non-current portion of finance receivables

 

$

11,215

 

$

8,607

 

The Company accounts for their finance receivables using delinquency and nonaccrual data as key performance indicators.  The Company classified $407 thousand and $102 thousand as outstanding and nonperforming as of December 31, 2017 and June 30, 2017, respectively.  The Company expects to collect on their outstanding finance receivables, less any portion currently reserved, without the contracting of third parties.  At December 31, 2017 and June 30, 2017, credit quality indicators consisted of the following:

 

 

 

 

 

 

 

 

 

 

December 31, 

 

June 30, 

($ in thousands)

    

2017

    

2017

Performing

 

$

16,325

 

$

19,515

Nonperforming

 

 

407

 

 

102

Total

 

$

16,732

 

$

19,617

 

Age Analysis of Past Due Finance Receivables

As of December 31,  2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30 and Under

 

31 – 60

 

61 – 90

 

Greater than

 

Total

 

 

 

Total

 

 

Days Past

 

Days Past

 

Days Past

 

90 Days Past

 

Non-

 

 

 

Finance

($ in thousands)

 

Due

 

Due

 

Due

 

Due

 

Performing

 

Performing

 

Receivables

QuickStart Leases

 

$

40

 

$

85

 

$

162

 

$

120

 

$

407

 

$

16,325

 

$

16,732

 

Age Analysis of Past Due Finance Receivables

As of June 30,  2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30 and Under

 

31 – 60

 

61 – 90

 

Greater than

 

Total

 

 

 

Total

 

 

Days Past

 

Days Past

 

Days Past

 

90 Days Past

 

Non-

 

 

 

Finance

($ in thousands)

 

Due

 

Due

 

Due

 

Due

 

Performing

 

Performing

 

Receivables

QuickStart Leases

 

$

29

 

$

 3

 

$

35

 

$

35

 

$

102

 

$

19,515

 

$

19,617