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FINANCING RECEIVABLES (Tables) | 9 Months Ended
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Mar. 31, 2019
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).
|  | March 31, 2019 |  |  | June 30, 2018 |  |  | March 31, 2018 |
Gross Institutional Loans |  |  |  |  |  | $ | 47,259 |  |  |  |  |  |  | $ | 54,323 |  |  |  |  |  |  | $ | 51,389 |
Allowance for Credit Losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at July 1 |  | $ | (10,003 | ) |  |  |  |  |  | $ | (9,736 | ) |  |  |  |  |  | $ | (9,736 | ) |  |  |  |
Charge-offs and Adjustments |  |  | 9,965 |  |  |  |  |  |  |  | 330 |  |  |  |  |  |  |  | 206 |  |  |  |  |
Recoveries |  |  | (73 | ) |  |  |  |  |  |  | (61 | ) |  |  |  |  |  |  | (51 | ) |  |  |  |
Additional Provision |  |  | (4,571 | ) |  |  |  |  |  |  | (536 | ) |  |  |  |  |  |  | (162 | ) |  |  |  |
Balance at End of Period |  |  |  |  |  |  | (4,682 | ) |  |  |  |  |  |  | (10,003 | ) |  |  |  |  |  |  | (9,743 | )
Net Institutional Loans |  |  |  |  |  | $ | 42,577 |  |  |  |  |  |  | $ | 44,320 |  |  |  |  |  |  | $ | 41,646 |
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 of past due institutional loans (in thousands):
|  | March 31, |  |  | June 30, |  |  | March 31, |
|  | 2019 |  |  | 2018 |  |  | 2018 |
Institutional Loans: |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 42,716 |  |  | $ | 44,492 |  |  | $ | 42,048 |
Nonperforming |  |  | 4,543 |  |  |  | 9,831 |  |  |  | 9,341 |
Total Institutional Loans |  | $ | 47,259 |  |  | $ | 54,323 |  |  | $ | 51,389 |
Institutional Student Loans Past Due |
|  | 1-29 Days Past Due |  |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | Greater Than 90 Days Past Due |  |  | Total Past Due |  |  | Current |  |  | Total Institutional Loans |
Institutional Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2019 |  | $ | 4,092 |  |  | $ | 4,412 |  |  | $ | 4,125 |  |  | $ | 4,543 |  |  | $ | 17,172 |  |  | $ | 30,087 |  |  | $ | 47,259 |
June 30, 2018 |  | $ | 8,473 |  |  | $ | 900 |  |  | $ | 3,099 |  |  | $ | 9,831 |  |  | $ | 22,303 |  |  | $ | 32,020 |  |  | $ | 54,323 |
March 31, 2018 |  | $ | 8,903 |  |  | $ | 464 |  |  | $ | 175 |  |  | $ | 9,341 |  |  | $ | 18,883 |  |  | $ | 32,506 |  |  | $ | 51,389 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524 + Details
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