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ALLOWANCE FOR CREDIT LOSSES

9 Months Ended

Mar. 31, 2024

The following illustrates the activity in our allowance for credit losses on accounts receivable, since June 30, 2023:


Balance as of June 30, 2023	$	13,828
Credit loss expense (recovery)	7,149
Write-off / adjustments	(8,527)
Reclassification to Assets held for sale (1)	(1,060)
Balance as of March 31, 2024	$	11,390

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(1)Allowance for credit losses of $1.1 million have been reclassified to Assets held for sale related to the AMC Divestiture. See Note 19 “Acquisitions and Divestitures” for more details.

Included in accounts receivable are unbilled receivables in the amount of $68.5 million as of March 31, 2024 (June 30, 2023—$66.5 million).

As of March 31, 2024, we have an allowance for credit losses of $1.3 million for contract assets (June 30, 2023—$0.3 million). For additional information on contract assets, see Note 3 “Revenues.”