XML 40 R26.htm IDEA: XBRL DOCUMENT v3.20.4
FINANCE RECEIVABLES (Tables)
 6 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Schedule of Finance Receivables As of December 31, 2020 and June 30, 2020, finance receivables consist of the following:
($ in thousands)December 31,
2020		June 30,
2020
Current finance receivables, net$7,196 7,468 
Finance receivables due after one year, net10,296 11,213 
Total finance receivables, net of allowance of $909 and $150, respectively
$17,492 $18,681 
Schedule of Credit Quality Indicators
At December 31, 2020, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:

Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
Current$4,161 $6,291 $3,127 $2,583 $683 $53 $16,898 
30 days and under16 57 25 40 7 — 145 
31-60 days32 84 24 34 2 — 176 
61-90 days30 51 15 34 2 — 132 
Greater than 90 days330 367 108 211 32 2 1,050 
Total finance receivables$4,569 $6,850 $3,299 $2,902 $726 $55 $18,401 
At June 30, 2020, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:

Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
Current$4,950 $4,406 $4,811 $2,730 $555 $22 $17,474 
30 days and under40 66 121 28 11 1 267 
31-60 days13 15 13 — — — 41 
61-90 days10 44 62 19 3 — 138 
Greater than 90 days22 263 537 67 14 8 911 
Total finance receivables$5,035 $4,794 $5,544 $2,844 $583 $31 $18,831 

At December 31, 2020, credit quality indicators by year of origination consisted of the following:

Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
High ratio customers$3,940 $6,158 $2,659 $2,369 $525 $49 $15,700 
Low ratio customers629 692 640 533 201 6 2,701 
Total finance receivables$4,569 $6,850 $3,299 $2,902 $726 $55 $18,401 
Financing Receivable, Allowance for Credit Loss
The following table represents a rollforward of the allowance for finance receivables for the six months ending December 31, 2020 and 2019:
Six months ended December 31,Six months ended December 31,
($ in thousands)20202019
Balance at June 30$150 $606 
Impact of ASC 326 *409 — 
Provision for expected losses— 1 
Balance at September 30559 607 
Provision for expected losses350 — 
Write-offs— (5)
Balance at December 31$909 $602 
*    The Company adopted ASC 326 on July 1, 2020.
Schedule of Cash To Be Collected On Performing Financing Receivable
Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows:
($ in thousands)
2021$7,561 
20225,875 
20234,561 
20242,818 
20251,204 
Thereafter85 
Total amounts to be collected22,104 
Less: interest(3,703)
Less: allowance for receivables(909)
Total finance receivables$17,492