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Legal Actions And Contingencies | 9 Months Ended
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Mar. 31, 2018
Legal Actions And Contingencies [Abstract] |
Legal Actions And Contingencies | (13) Legal Actions and Contingencies ﻿ Litigation In the normal course of business, we are subject to routine litigation incidental to our business. While the results of this litigation cannot be predicted with certainty, we believe that their final outcome will not, individually or in aggregate, have a material adverse effect on our consolidated financial statements taken as a whole. ﻿ Australian Taxation Office Audit ﻿ As described at note 7 – Income Taxes, we received Notices of Amended Assessments from the Australian Taxation Office (“ATO”) for the tax years 2009 to 2013. Based on these assessments, the ATO is asserting that we owe $151.7 million in additional income tax and $38.4 million in accrued interest, of which $75.9 million was paid in April 2018 under a payment arrangement with the ATO. We do not agree with the ATO’s assessments and we continue to believe we are more likely than not to be successful in defending our position. H owever, if we are not successful, we will not receive a refund of the $75.9 million paid in April 2018 and we would be required to pay the remaining $75.9 million in additional income tax and $38.4 million in accrued interest. Additionally, we may be required to pay penalties that could be issued in relation to these assessments. ﻿ Contingent Obligations Under Recourse Provisions ﻿ We use independent leasing companies to offer financing to some of our customers for the purchase of some of our products. Under these arrangements, if the customer qualifies under the leasing company’s credit criteria and finances the transaction, the customers repay the leasing company on a fixed payment plan. For some of these arrangements, the customer’s receivable balance is with recourse, either limited or full, whereby we are responsible for repaying the leasing company should the customer default. We record the outstanding amount of receivables with full recourse in accrued expenses, which is offset by an equivalent amount recorded in accounts receivable. Additionally, we record a contingent provision for doubtful accounts for expected customer defaults based on historical default rates and any specific customer accounts with collection issues. ﻿ The following table summarizes the amount of receivables sold with recourse during the nine months ended March 31, 2018 and March 31, 2017(in thousands): ﻿
﻿ |  |  |  |  |  |
﻿ |  | Nine Months Ended March 31,
﻿ |  | 2018 |  | 2017
﻿Total receivables sold: |  |  |  |  |  |
﻿Full recourse |  | $ | 16,125 |  | $ | 14,540
﻿Limited recourse |  |  | 56,302 |  |  | 52,976
﻿Total |  | $ | 72,427 |  | $ | 67,516
﻿ The following table summarizes the maximum exposure on outstanding receivables sold with recourse and provision for doubtful accounts at March 31, 2018 and June 30, 2017 (in thousands): ﻿
﻿ |  |  |  |  |  |
﻿ |  | March 31, 2018 |  | June 30, 2017
﻿Maximum exposure on outstanding receivables: |  |  |  |  |  |
﻿Full recourse |  | $ | 18,274 |  | $ | 18,068
﻿Limited recourse |  |  | 9,414 |  |  | 9,432
﻿Total |  | $ | 27,688 |  | $ | 27,500
﻿ |  |  |  |  |  |
﻿Provision for doubtful accounts - recourse receivables |  | $ | (1,062) |  | $ | (1,437)

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- Definition The entire disclosure for legal proceedings, legal contingencies, litigation, regulatory and environmental matters and other contingencies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 + Details
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