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Accounts Receivable and Credit Losses (Tables)

12 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Schedule of classification of our accounts receivable

The classification of our accounts receivable balances was as follows (in thousands):


		June 30, 2022
			Gross			Allowance			Net
Trade receivables, current		$	109,882		$	(30,897)		$	78,985
Financing receivables, current			6,116			(3,466)			2,650
Accounts receivable, current		$	115,998		$	(34,363)		$	81,635

Financing receivables, current		$	6,116		$	(3,466)		$	2,650
Financing receivables, noncurrent			36,265			(11,425)			24,840
Total financing receivables		$	42,381		$	(14,891)		$	27,490


		June 30, 2021
			Gross			Allowance			Net
Trade receivables, current		$	52,512		$	(11,559)		$	40,953
Financing receivables, current			6,348			(4,260)			2,088
Accounts receivable, current		$	58,860		$	(15,819)		$	43,041

Financing receivables, current		$	6,348		$	(4,260)		$	2,088
Financing receivables, noncurrent			39,665			(12,572)			27,093
Total financing receivables		$	46,013		$	(16,832)		$	29,181

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of June 30, 2022 was as follows (in thousands):


		Amortized Cost Basis by Origination Year
		Prior			2018			2019			2020			2021			2022			Total
1-30 days past due		$	104		$	140		$	114		$	191		$	699		$	782		$	2,030
31-60 days past due			278			38			214			145			691			332			1,698
61-90 days past due			58			29			217			8			668			273			1,253
91-120 days past due			97			139			113			45			670			14			1,078
121-150 days past due			17			30			20			41			206			81			395
Greater than 150 days past due			6,978			876			1,077			683			1,596			377			11,587
Total past due			7,532			1,252			1,755			1,113			4,530			1,859			18,041
Current			4,687			2,229			1,483			1,167			8,910			5,864			24,340
Financing receivables, gross		$	12,219		$	3,481		$	3,238		$	2,280		$	13,440		$	7,723		$	42,381

The credit quality analysis of financing receivables as of June 30, 2021 was as follows (in thousands):


		Amortized Cost Basis by Origination Year
		Prior			2017			2018			2019			2020			2021			Total
1-30 days past due		$	297		$	7		$	320		$	559		$	135		$	1,616		$	2,934
31-60 days past due			145			2			165			49			61			660			1,082
61-90 days past due			24			310			92			102			69			95			692
91-120 days past due			287			—			131			16			47			13			494
121-150 days past due			43			31			133			42			256			108			613
Greater than 150 days past due			7,468			2,973			1,919			1,431			475			872			15,138
Total past due			8,264			3,323			2,760			2,199			1,043			3,364			20,953
Current			4,565			1,955			2,601			1,586			1,548			12,805			25,060
Financing receivables, gross		$	12,829		$	5,278		$	5,361		$	3,785		$	2,591		$	16,169		$	46,013

Rollforward of the allowance for credit losses

The following tables provide a rollforward of the allowance for credit losses (in thousands):


		Year Ended June 30, 2022
		Trade			Financing			Total
Beginning balance		$	11,559		$	16,832		$	28,391
Write-offs			(15,980)			(5,287)			(21,267)
Recoveries			11,488			35			11,523
Provision for credit losses			23,830			3,311			27,141
Ending balance		$	30,897		$	14,891		$	45,788


		Year Ended June 30, 2021
		Trade			Financing			Total
Beginning balance		$	9,367		$	15,063		$	24,430
Write-offs			(4,279)			(3,609)			(7,888)
Recoveries			761			65			826
Provision for credit losses			5,710			5,313			11,023
Ending balance		$	11,559		$	16,832		$	28,391