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FINANCING RECEIVABLES (Tables)

6 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Institutional Loan Balances and Related Allowances for Credit Losses

The following table details the institutional loan balances along with the related allowances for credit losses (in thousands).

		December 31, 2016						June 30, 2016						December 31, 2015
Gross Institutional Loans					$	55,782					$	69,825					$	71,712
Allowance for Credit Losses:
Balance at July 1		$	(20,800)					$	(20,630)					$	(20,630)
Charge-offs and Adjustments			16,281						7,388						4,856
Recoveries			(438)						(461)						(434)
Additional Provision			(4,843)						(7,097)						(5,957)
Balance at End of Period						(9,800)						(20,800)						(22,165)
Net Institutional Loans					$	45,982					$	49,025					$	49,547

Credit Risk Profiles of Institutional Student Loan Balances

The following tables detail the credit risk profiles of the institutional loan balances based on payment activity and an aging analysis of past due institutional loans (in thousands).

		December 31,			June 30,			December 31,
		2016			2016			2015
Institutional Loans:
Performing		$	48,010		$	50,045		$	52,669
Nonperforming			7,772			19,780			19,043
Total Institutional Loans		$	55,782		$	69,825		$	71,712

Institutional Student Loans Past Due

		30-59 Days Past Due			60-89 Days Past Due			90-119 Days Past Due			Greater Than 120 Days Past Due			Total Past Due			Current			Total Institutional Loans
Institutional Loans:
December 31, 2016		$	5,863		$	2,998		$	1,917		$	7,772		$	18,550		$	37,232		$	55,782
June 30, 2016		$	8,038		$	1,512		$	924		$	19,780		$	30,254		$	39,571		$	69,825
December 31, 2015		$	6,303		$	2,004		$	1,623		$	19,043		$	28,973		$	42,739		$	71,712

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- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953659-111524

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- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5111-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953401-111524

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