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SUPPLEMENTAL BALANCE SHEET INFORMATION
 12 Months Ended
Jun. 30, 2022
Supplemental Balance Sheet Information [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION
(8) SUPPLEMENTAL BALANCE SHEET INFORMATION
Accounts Receivable, Net
Trade accounts receivable consisted of amounts due from hospital and healthcare system members as well as non-healthcare customers services and products. Managed services receivable consisted of amounts receivable related to fees for services provided to members to support contract negotiation and administration, claims data, rebate processing and evaluation of pharmacy formulary and utilization.
Accounts receivable, net consisted of the following (in thousands):
June 30,
20222021
Trade accounts receivable$114,214 $131,246 
Managed services receivable1,422 11,972 
Other536 513 
Total accounts receivable116,172 143,731 
Allowance for credit losses(2,043)(2,284)
Accounts receivable, net$114,129 $141,447 
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
June 30,
Useful life20222021
Capitalized software
2-5 years
$705,319 $653,515 
Computer hardware
3-5 years
60,399 62,930 
Furniture and other equipment5 years7,097 7,097 
Leasehold improvementsLesser of estimated useful life or term of lease19,208 19,061 
Total property and equipment792,023 742,603 
Accumulated depreciation and amortization(578,644)(518,332)
Property and equipment, net$213,379 $224,271 
Depreciation and amortization expense related to property and equipment was $85.2 million, $76.3 million and $97.3 million for the years ended June 30, 2022, 2021 and 2020, respectively. Unamortized capitalized software costs were $177.6 million and $178.4 million at June 30, 2022 and 2021, respectively.
During the year ended June 30, 2022, the Company incurred an impairment of long-lived assets of $12.7 million associated with capitalized software assets in the Supply Chain Services segment as the carrying value of the assets was not recoverable. The Company did not incur a material loss on disposal or impairment of long-lived assets during the years ended June 30, 2021 and 2020.
Other Long-Term Assets
Other long-term assets consisted of the following (in thousands):
June 30,
20222021
Contract assets, less current portion$54,441 $— 
Acurity prepaid contract administrative fee share, less current portion29,099 48,498 
Capitalized contract costs22,894 21,686 
Other (a)
7,720 6,764 
Total other long-term assets$114,154 $76,948 
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(a)Includes deferred loan costs, net of $0.9 million and $1.5 million as of June 30, 2022 and 2021, respectively.
Pursuant to the Acurity and Nexera asset acquisition, the Company capitalized one-time rebates pursuant to the purchase agreement with Acurity, Inc. as prepaid contract administrative fee share.
Contract costs include capitalized sales commissions and implementation costs. See Note 7 - Contract Balances for further information.
The Company recorded $0.6 million in amortization expense on deferred loan costs for each of the years ended June 30, 2022, 2021 and 2020. Amortization expense on deferred loan costs was recognized based on the straight-line method, which approximates the effective interest method, and was included in interest expense, net in the Consolidated Statements of Income and Comprehensive Income.
Other Long-Term Liabilities
Other long-term liabilities consisted of the following (in thousands):
June 30,
20222021
Earn-out liability, less current portion$22,789 $24,249 
Reserve for uncertain tax positions18,799 18,524 
FFF Put Right— 64,110 
Other986 5,518 
Total other long-term liabilities$42,574 $112,401 
On July 29, 2021, the Company executed an amendment to the FFF shareholders’ agreement which resulted in the termination of the Put Right (see Note 5 - Investments and Note 6 - Fair Value Measurements).
Earn-out liabilities were established in connection with the Acurity and Nexera asset acquisition. See Note 6 - Fair Value Measurements for further information.