XML 55 R39.htm IDEA: XBRL DOCUMENT

Accounts Receivable and Credit Losses (Tables)

12 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Schedule of classification of our accounts receivable

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


		June 30, 2023
			Gross			Allowance			Net
Trade receivables, current		$	129,318		$	(29,190)		$	100,128
Financing receivables, current			4,757			(2,136)			2,621
Accounts receivable, current		$	134,075		$	(31,326)		$	102,749

Financing receivables, current		$	4,757		$	(2,136)		$	2,621
Financing receivables, noncurrent			36,368			(9,332)			27,036
Total financing receivables		$	41,125		$	(11,468)		$	29,657


		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

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of June 30, 2023 was as follows (in thousands):


		Amortized Cost Basis by Origination Year
		Prior			2019			2020			2021			2022			2023			Total
1-30 days past due		$	186		$	79		$	115		$	137		$	735		$	1,944		$	3,196
31-60 days past due			61			34			—			359			573			1,103			2,130
61-90 days past due			97			39			110			65			559			368			1,238
91-120 days past due			2			17			2			13			77			200			311
121-150 days past due			62			37			26			45			147			129			446
Greater than 150 days past due			2,641			734			708			2,071			1,457			381			7,992
Total past due			3,049			940			961			2,690			3,548			4,125			15,313
Current			6,199			1,112			820			5,350			2,608			9,723			25,812
Financing receivables, gross		$	9,248		$	2,052		$	1,781		$	8,040		$	6,156		$	13,848		$	41,125

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

Rollforward of the allowance for credit losses

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


		Year Ended June 30, 2023
		Trade			Financing			Total
Beginning balance		$	30,897		$	14,891		$	45,788
Write-offs			(43,273)			(7,653)			(50,926)
Recoveries			12,207			590			12,797
Provision for credit losses			29,359			3,640			32,999
Ending balance		$	29,190		$	11,468		$	40,658


		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