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FINANCE RECEIVABLES (Tables) | 9 Months Ended
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Mar. 31, 2021
Receivables [Abstract] |
Schedule of Finance Receivables | As of March 31, 2021 and June 30, 2020, finance receivables consist of the following:
($ in thousands) |  | March 31, 2021 |  | June 30, 2020
Current finance receivables, net |  | $ | 7,050 |  |  | $ | 7,468 |
Finance receivables due after one year, net |  | 11,123 |  |  | 11,213 |
Total finance receivables, net of allowance of $909 and $150, respectively |  | $ | 18,173 |  |  | $ | 18,681 |
Schedule of Credit Quality Indicators | At March 31, 2021, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
|  | Leases by Origination
($ in thousands) |  | Up to 1 Year Ago |  | Between 1 and 2 Years Ago |  | Between 2 and 3 Years Ago |  | Between 3 and 4 Years Ago |  | Between 4 and 5 Years Ago |  | More than 5 Years Ago |  | Total
Current |  | $ | 4,353 |  |  | $ | 4,980 |  |  | $ | 5,257 |  |  | $ | 1,669 |  |  | $ | 1,381 |  |  | $ | 56 |  |  | $ | 17,696 |
30 days and under |  | 14 |  |  | 31 |  |  | 84 |  |  | 17 |  |  | 5 |  |  | 1 |  |  | 152 |
31-60 days |  | 25 |  |  | 89 |  |  | 113 |  |  | 41 |  |  | 4 |  |  | 1 |  |  | 273 |
61-90 days |  | 8 |  |  | 30 |  |  | 78 |  |  | 8 |  |  | 2 |  |  | 2 |  |  | 128 |
Greater than 90 days |  | 37 |  |  | 67 |  |  | 595 |  |  | 78 |  |  | 29 |  |  | 27 |  |  | 833 |
Total finance receivables |  | $ | 4,437 |  |  | $ | 5,197 |  |  | $ | 6,127 |  |  | $ | 1,813 |  |  | $ | 1,421 |  |  | $ | 87 |  |  | $ | 19,082 |
At June 30, 2020, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
|  | Leases by Origination
($ in thousands) |  | Up to 1 Year Ago |  | Between 1 and 2 Years Ago |  | Between 2 and 3 Years Ago |  | Between 3 and 4 Years Ago |  | Between 4 and 5 Years Ago |  | More than 5 Years Ago |  | Total
Current |  | $ | 4,950 |  |  | $ | 4,406 |  |  | $ | 4,811 |  |  | $ | 2,730 |  |  | $ | 555 |  |  | $ | 22 |  |  | $ | 17,474 |
30 days and under |  | 40 |  |  | 66 |  |  | 121 |  |  | 28 |  |  | 11 |  |  | 1 |  |  | 267 |
31-60 days |  | 13 |  |  | 15 |  |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 41 |
61-90 days |  | 10 |  |  | 44 |  |  | 62 |  |  | 19 |  |  | 3 |  |  | — |  |  | 138 |
Greater than 90 days |  | 22 |  |  | 263 |  |  | 537 |  |  | 67 |  |  | 14 |  |  | 8 |  |  | 911 |
Total finance receivables |  | $ | 5,035 |  |  | $ | 4,794 |  |  | $ | 5,544 |  |  | $ | 2,844 |  |  | $ | 583 |  |  | $ | 31 |  |  | $ | 18,831 |
At March 31, 2021, credit quality indicators by year of origination consisted of the following:
|  | Leases by Origination
($ in thousands) |  | Up to 1 Year Ago |  | Between 1 and 2 Years Ago |  | Between 2 and 3 Years Ago |  | Between 3 and 4 Years Ago |  | Between 4 and 5 Years Ago |  | More than 5 Years Ago |  | Total
High ratio customers |  | $ | 4,095 |  |  | $ | 4,851 |  |  | $ | 5,102 |  |  | $ | 1,437 |  |  | $ | 1,294 |  |  | $ | 40 |  |  | $ | 16,819 |
Low ratio customers |  | 342 |  |  | 346 |  |  | 1,025 |  |  | 376 |  |  | 127 |  |  | 47 |  |  | 2,263 |
Total finance receivables |  | $ | 4,437 |  |  | $ | 5,197 |  |  | $ | 6,127 |  |  | $ | 1,813 |  |  | $ | 1,421 |  |  | $ | 87 |  |  | $ | 19,082 |
Financing Receivable, Allowance for Credit Loss | The following table represents a rollforward of the allowance for finance receivables for the nine months ending March 31, 2021 and 2020:
|  | Nine months ended March 31, |  | Nine months ended March 31,
($ in thousands) |  | 2021 |  | 2020
Balance at June 30 |  | $ | 150 |  |  | $ | 606 |
Impact of adoption of ASC 326* |  | 409 |  |  | — |
Provision for expected losses |  | 350 |  |  | 101 |
Write-offs |  | — |  |  | (5) |
Balance at March 31 |  | $ | 909 |  |  | $ | 702 |
* The Company adopted ASC 326 on July 1, 2020.
Schedule of Cash To Be Collected On Performing Financing Receivable | Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows:
($ in thousands) |
2021 | $ | 6,209 |
2022 | 6,086 |
2023 | 4,841 |
2024 | 3,399 |
2025 | 1,707 |
Thereafter | 379 |
Total amounts to be collected | 22,621 |
Less: interest | (3,539) |
Less: allowance for receivables | (909) |
Total finance receivables | $ | 18,173 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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