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Financing Receivables (Tables)

12 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Institutional Loan Balances and Related Allowances for Credit Losses

The following table details the financing agreement balances along with the related allowances for credit losses (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30,

​

2020

2019

Gross financing receivables

​

​

​

$

50,025

​

​

​

$

47,937

Allowance for credit losses:

​

​

​

​

​

​

​

​

​

​

​

​

Balance as of July 1

​

$

(6,289)

​

​

​

​

$

(10,003)

​

​

​

Charge-offs and adjustments

​

​

712

​

​

​

​

​

10,777

​

​

​

Recoveries

​

​

(113)

​

​

​

​

​

(83)

​

​

​

Additional provision

​

​

(10,000)

​

​

​

​

​

(6,980)

​

​

​

Balance at end of period

​

​

​

​

(15,690)

​

​

​

​

(6,289)

Net financing receivables

​

​

​

​

$

34,335

​

​

​

​

$

41,648

Institutional Student Loans Past Due

The following table details the credit risk profiles of the financing agreement balances based on an aging of past due financing agreements (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Over

​

​

​

​

​

​

​

Total

​

​

1-30 Days

​

31-60 Days

​

61-90 Days

​

90 Days

​

Total

​

​

​

Financing

​

​

Past Due

​

Past Due

​

Past Due

​

Past Due

​

Past Due

​

Current

​

Receivables

Financing receivables:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2020

​

$

7,192

​

$

1,755

​

$

1,547

​

$

13,782

​

$

24,276

​

$

25,749

​

$

50,025

June 30, 2019

​

$

3,578

​

$

2,458

​

$

687

​

$

9,888

​

$

16,611

​

$

31,326

​

$

47,937

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ 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=121611835&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

+ Details

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X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919253-210447

Reference 2: 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=121611835&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448

Reference 4: 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=121611835&loc=d3e5111-111524

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X

- References

No definition available.

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