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Accounts Receivable and Credit Losses (Tables)

6 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Schedule of classification of our accounts receivable

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


		December 31, 2021
			Gross			Allowance			Net
Trade receivables, current		$	111,538		$	(21,335)		$	90,203
Financing receivables, current			7,252			(4,711)			2,541
Accounts receivable, current		$	118,790		$	(26,046)		$	92,744

Financing receivables, current		$	7,252		$	(4,711)		$	2,541
Financing receivables, noncurrent			39,534			(12,999)			26,535
Total financing receivables		$	46,786		$	(17,710)		$	29,076


		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


		December 31, 2020
			Gross			Allowance			Net
Trade receivables, current		$	78,917		$	(9,845)		$	69,072
Financing receivables, current			6,227			(3,685)			2,542
Accounts receivable, current		$	85,144		$	(13,530)		$	71,614

Financing receivables, current		$	6,227		$	(3,685)		$	2,542
Financing receivables, noncurrent			41,165			(13,063)			28,102
Total financing receivables		$	47,392		$	(16,748)		$	30,644

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of December 31, 2021 was as follows (in thousands):


		Amortized Cost Basis by Origination Year
		Prior			2018			2019			2020			2021			2022			Total
1-30 days past due		$	306		$	118		$	240		$	30		$	1,222		$	370		$	2,286
31-60 days past due			46			219			5			117			434			310			1,131
61-90 days past due			64			290			39			11			560			27			991
91-120 days past due			—			28			18			152			372			—			570
121-150 days past due			587			13			155			—			328			102			1,185
Greater than 150 days past due			8,885			1,755			1,242			879			1,594			—			14,355
Total past due			9,888			2,423			1,699			1,189			4,510			809			20,518
Current			6,053			2,454			1,933			1,384			11,160			3,284			26,268
Financing receivables, gross		$	15,941		$	4,877		$	3,632		$	2,573		$	15,670		$	4,093		$	46,786

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

The credit quality analysis of financing receivables as of December 31, 2020 was as follows (in thousands):


		Amortized Cost Basis by Origination Year
		Prior			2017			2018			2019			2020			2021			Total
1-30 days past due		$	767		$	444		$	589		$	909		$	335		$	23		$	3,067
31-60 days past due			631			500			97			123			181			29			1,561
61-90 days past due			261			417			69			195			240			—			1,182
91-120 days past due			364			23			197			11			156			—			751
121-150 days past due			431			637			570			83			—			—			1,721
Greater than 150 days past due			6,840			1,707			1,204			638			297			—			10,686
Total past due			9,294			3,728			2,726			1,959			1,209			52			18,968
Current			11,824			5,389			3,891			4,205			2,259			856			28,424
Financing receivables, gross		$	21,118		$	9,117		$	6,617		$	6,164		$	3,468		$	908		$	47,392

Rollforward of the allowance for credit losses

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


		Three Months Ended December 31, 2021									Six Months Ended December 31, 2021
		Trade			Financing			Total			Trade			Financing			Total
Beginning balance		$	16,497		$	17,064		$	33,561		$	11,559		$	16,832		$	28,391
Write-offs			(2,816)			(209)			(3,025)			(4,548)			(746)			(5,294)
Recoveries			2,104			17			2,121			3,354			17			3,371
Provision for credit losses			5,550			838			6,388			10,970			1,607			12,577
Ending balance		$	21,335		$	17,710		$	39,045		$	21,335		$	17,710		$	39,045


		Three Months Ended December 31, 2020									Six Months Ended December 31, 2020
		Trade			Financing			Total			Trade			Financing			Total
Beginning balance		$	9,111		$	16,251		$	25,362		$	9,367		$	15,063		$	24,430
Write-offs			(989)			(1,554)			(2,543)			(1,672)			(1,748)			(3,420)
Recoveries			200			—			200			386			40			426
Provision for credit losses			1,523			2,051			3,574			1,764			3,393			5,157
Ending balance		$	9,845		$	16,748		$	26,593		$	9,845		$	16,748		$	26,593