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FINANCE RECEIVABLES | 6 Months Ended
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Dec. 31, 2018
Receivables [Abstract] |
FINANCE RECEIVABLES | FINANCE RECEIVABLES Finance receivables consist of the following:
($ in thousands) |  | December 31, 2018 |  | June 30, 2018
Finance receivables, net |  | $ | 5,591 |  |  | $ | 4,603 |
Finance receivables due after one year, net |  | 11,910 |  |  | 13,246 |
Total finance receivables, net of allowance of $601 and $12, respectively |  | $ | 17,501 |  |  | $ | 17,849 |
The Company routinely evaluates outstanding finance receivables for impairment based on past due balances or accounts otherwise determined to be at a higher risk of loss. A finance receivable is classified as nonperforming if it is considered probable the Company will be unable to collect all contractual interest and principal payments as scheduled. At December 31, 2018 and June 30, 2018, credit quality indicators consisted of the following:
($ in thousands) |  | December 31, 2018 |  | June 30, 2018
Performing |  | $ | 17,501 |  |  | $ | 17,849 |
Nonperforming |  | 601 |  |  | 12 |
Total |  | $ | 18,102 |  |  | $ | 17,861 |
Age Analysis of Past Due Finance Receivables
As of December 31, 2018
($ in thousands) |  | Current |  | 30 and Under Days Past Due |  | 31 – 60 Days Past Due |  | 61 – 90 Days Past Due |  | Greater than 90 Days Past Due |  | Total Finance Receivables
QuickStart Leases |  | $ | 17,466 |  |  | $ | 50 |  |  | $ | 110 |  |  | $ | 117 |  |  | $ | 359 |  |  | $ | 18,102 |
Age Analysis of Past Due Finance Receivables
As of June 30, 2018
($ in thousands) |  | Current |  | 30 and Under Days Past Due |  | 31 – 60 Days Past Due |  | 61 – 90 Days Past Due |  | Greater than 90 Days Past Due |  | Total Finance Receivables
QuickStart Leases |  | $ | 17,609 |  |  | $ | 56 |  |  | $ | 7 |  |  | $ | 56 |  |  | $ | 133 |  |  | $ | 17,861 |
Sale of Finance Receivables Transfers of finance receivables that do not qualify for sale accounting are reported as collateralized borrowings. Accordingly, the related assets remain on the Company’s balance sheet and continue to be reported and accounted for as if the transfer had not occurred. Cash proceeds from these transfers are reported as financing obligations (debt), with attributable interest expense recognized over the life of the related transactions. During December 2017, the Company transferred certain groups of finance receivables to third-party financing entities for approximately $1.1 million. Such transfers are subject to recourse provisions for the first 3 months after the date of transfer, after which the recourse provisions expire. Accordingly, the related finance receivables remained on the balance sheet at December 31, 2017 and the cash proceeds of approximately $1.1 million were reported as financing obligations at December 31, 2017. During March 2018, the recourse provisions expired resulting in the finance receivables and financing obligations being derecognized.

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- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2196816 + Details
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- References No definition available. + Details
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