XML 59 R34.htm IDEA: XBRL DOCUMENT v3.22.2.2
FINANCE RECEIVABLES (Tables)
 12 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Schedule of finance receivables As of June 30, 2022 and 2021, finance receivables consist of the following:
As of June 30,
($ in thousands)20222021
Current finance receivables, net$6,721 $7,967 
Finance receivables due after one year, net14,727 11,632 
Total finance receivables, net of allowance of $760 and $1,109, respectively
$21,448 $19,599 
Schedule of credit quality indicators
At June 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
Leases by Origination
($ 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$7,451 $5,047 $2,758 $2,593 $2,807 $103 $20,759 
30 days and under18 10 32 56 94 3 213 
31 - 60 days25 23 26 58 100 — 232 
61 - 90 days25 14 20 46 91 — 196 
Greater than 90 days41 47 97 232 391 — 808 
Total finance receivables$7,560 $5,141 $2,933 $2,985 $3,483 $106 $22,208 
At June 30, 2021, the gross lease receivable by current payment performance on a contractual basis and year of origination
consisted of the following:
Leases by Origination
($ 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$6,736 $3,970 $3,942 $3,081 $1,358 $31 $19,118 
30 days and under19 67 90 93 11 1 281 
31 - 60 days4 9 22 2 1 — 38 
61 - 90 days10 42 66 54 10 — 182 
Greater than 90 days46 69 490 419 54 11 1,089 
Total finance receivables$6,815 $4,157 $4,610 $3,649 $1,434 $43 $20,708 

At June 30, 2022, 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$7,498 $4,853 $2,688 $2,623 $2,950 $102 $20,714 
Low ratio customers62 288 245 362 533 4 1,494 
Total finance receivables$7,560 $5,141 $2,933 $2,985 $3,483 $106 $22,208 


At June 30, 2021, 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$6,415 $3,824 $3,793 $2,920 $1,290 $24 $18,266 
Low ratio customers400 333 817 729 144 19 2,442 
Total finance receivables$6,815 $4,157 $4,610 $3,649 $1,434 $43 $20,708 
Schedule of age analysis of finance receivables
The following table represents a rollforward of the allowance for finance receivables for the year ending June 30, 2022 and 2021:
($ in thousands)Year ended June 30, 2022Year ended June 30, 2021
Balance at June 30$1,109 $150 
Impact of ASC 326*— 409 
Provision for expected losses36 550 
Write-offs(385)— 
Balance June 30$760 $1,109 
* The Company adopted ASC 326 on July 1, 2020.
Schedule of financing receivable
Cash to be collected on our performing finance receivables due for each of the fiscal years after June 30, 2022 are as follows:
($ in thousands)
2023$2,937 
20241,841 
20253,420 
20266,039 
20279,368 
Thereafter1,384 
Total amounts to be collected24,989 
Less: interest(2,781)
Less: allowance for doubtful accounts(760)
Total finance receivables$21,448