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Accounts Receivable and Credit Losses (Tables)

6 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Schedule of classification of our accounts receivable

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


		December 31, 2023
			Gross			Allowance			Net
Trade receivables, current		$	166,107		$	(35,020)		$	131,087
Financing receivables, current			4,941			(2,362)			2,579
Accounts receivable, current		$	171,048		$	(37,382)		$	133,666

Financing receivables, current		$	4,941		$	(2,362)		$	2,579
Financing receivables, noncurrent			36,775			(10,964)			25,811
Total financing receivables		$	41,716		$	(13,326)		$	28,390


		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

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of December 31, 2023 was as follows (in thousands):


		Amortized Cost Basis by Origination Year
		Prior			2020			2021			2022			2023			2024			Total
1-30 days past due		$	555		$	120		$	539		$	383		$	2,115		$	913		$	4,625
31-60 days past due			112			12			32			97			280			302			835
61-90 days past due			62			—			206			12			804			45			1,129
91-120 days past due			31			—			13			50			364			97			555
121-150 days past due			205			17			188			—			919			321			1,650
Greater than 150 days past due			3,120			573			1,242			2,137			1,047			22			8,141
Total past due			4,085			722			2,220			2,679			5,529			1,700			16,935
Current			6,365			717			5,108			2,321			6,122			4,148			24,781
Financing receivables, gross		$	10,450		$	1,439		$	7,328		$	5,000		$	11,651		$	5,848		$	41,716
Gross write-offs		$	345		$	244		$	213		$	145		$	210		$	—		$	1,157

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

Schedule of roll-forward of the allowance for credit losses

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


		Three Months Ended December 31, 2023									Six Months Ended December 31, 2023
		Trade			Financing			Total			Trade			Financing			Total
Beginning balance		$	32,361		$	12,186		$	44,547		$	29,190		$	11,468		$	40,658
Write-offs			(11,139)			(421)			(11,560)			(19,551)			(1,157)			(20,708)
Recoveries			2,307			254			2,561			4,928			444			5,372
Provision for credit losses			11,491			1,307			12,798			20,453			2,571			23,024
Ending balance		$	35,020		$	13,326		$	48,346		$	35,020		$	13,326		$	48,346


		Three Months Ended December 31, 2022									Six Months Ended December 31, 2022
		Trade			Financing			Total			Trade			Financing			Total
Beginning balance		$	32,882		$	15,624		$	48,506		$	30,897		$	14,891		$	45,788
Write-offs			(14,712)			(397)			(15,109)			(20,176)			(616)			(20,792)
Recoveries			1,848			32			1,880			4,256			34			4,290
Provision for credit losses			7,498			786			8,284			12,539			1,736			14,275
Ending balance		$	27,516		$	16,045		$	43,561		$	27,516		$	16,045		$	43,561