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FINANCE RECEIVABLES (Tables) | 6 Months Ended
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Dec. 31, 2021
Receivables [Abstract] |
Schedule of Finance Receivables | As of December 31, 2021 and June 30, 2021, finance receivables consist of the following:
($ in thousands) |  | December 31, 2021 |  | June 30, 2021
Current finance receivables, net |  | $ | 8,247 |  |  | $ | 7,967 |
Finance receivables due after one year, net |  | 10,906 |  |  | 11,632 |
Total finance receivables, net of allowance of $1,062 and $1,109, respectively |  | $ | 19,153 |  |  | $ | 19,599 |
Schedule of Credit Quality Indicators | At December 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 |  | $ | 6,587 |  |  | $ | 3,417 |  |  | $ | 4,570 |  |  | $ | 2,555 |  |  | $ | 1,319 |  |  | $ | 17 |  |  | $ | 18,465 |
30 days and under |  | 5 |  |  | 13 |  |  | 47 |  |  | 45 |  |  | 5 |  |  | — |  |  | 115 |
31-60 days |  | 20 |  |  | 32 |  |  | 74 |  |  | 51 |  |  | 20 |  |  | — |  |  | 197 |
61-90 days |  | 12 |  |  | 25 |  |  | 64 |  |  | 44 |  |  | 18 |  |  | 1 |  |  | 164 |
Greater than 90 days |  | 26 |  |  | 121 |  |  | 484 |  |  | 492 |  |  | 87 |  |  | 64 |  |  | 1,274 |
Total finance receivables |  | $ | 6,650 |  |  | $ | 3,608 |  |  | $ | 5,239 |  |  | $ | 3,187 |  |  | $ | 1,449 |  |  | $ | 82 |  |  | $ | 20,215 |
At June 30, 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 |  | $ | 6,736 |  |  | $ | 3,970 |  |  | $ | 3,942 |  |  | $ | 3,081 |  |  | $ | 1,358 |  |  | $ | 31 |  |  | $ | 19,118 |
30 days and under |  | 19 |  |  | 67 |  |  | 90 |  |  | 93 |  |  | 11 |  |  | 1 |  |  | 281 |
31-60 days |  | 4 |  |  | 9 |  |  | 22 |  |  | 2 |  |  | 1 |  |  | — |  |  | 38 |
61-90 days |  | 10 |  |  | 42 |  |  | 66 |  |  | 54 |  |  | 10 |  |  | — |  |  | 182 |
Greater than 90 days |  | 46 |  |  | 69 |  |  | 490 |  |  | 419 |  |  | 54 |  |  | 11 |  |  | 1,089 |
Total finance receivables |  | $ | 6,815 |  |  | $ | 4,157 |  |  | $ | 4,610 |  |  | $ | 3,649 |  |  | $ | 1,434 |  |  | $ | 43 |  |  | $ | 20,708 |
At December 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 |  | $ | 6,334 |  |  | $ | 3,194 |  |  | $ | 4,462 |  |  | $ | 2,273 |  |  | $ | 1,209 |  |  | $ | 11 |  |  | $ | 17,483 |
Low ratio customers |  | 316 |  |  | 414 |  |  | 777 |  |  | 914 |  |  | 240 |  |  | 71 |  |  | 2,732 |
Total finance receivables |  | $ | 6,650 |  |  | $ | 3,608 |  |  | $ | 5,239 |  |  | $ | 3,187 |  |  | $ | 1,449 |  |  | $ | 82 |  |  | $ | 20,215 |
At June 30, 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 |  | $ | 6,415 |  |  | $ | 3,824 |  |  | $ | 3,793 |  |  | $ | 2,920 |  |  | $ | 1,290 |  |  | $ | 24 |  |  | $ | 18,266 |
Low ratio customers |  | 400 |  |  | 333 |  |  | 817 |  |  | 729 |  |  | 144 |  |  | 19 |  |  | 2,442 |
Total finance receivables |  | $ | 6,815 |  |  | $ | 4,157 |  |  | $ | 4,610 |  |  | $ | 3,649 |  |  | $ | 1,434 |  |  | $ | 43 |  |  | $ | 20,708 |
Financing Receivable, Allowance for Credit Loss | The following table represents a rollforward of the allowance for finance receivables for the six months ending December 31, 2021 and 2020:
|  | Six months ended December 31, |  | Six months ended December 31,
($ in thousands) |  | 2021 |  | 2020
Balance at June 30 |  | $ | 1,109 |  |  | $ | 150 |
Impact of adoption of ASC 326* |  | — |  |  | 409 |
Provision for expected losses |  | 100 |  |  | — |
Balance at September 30 |  | $ | 1,209 |  |  | $ | 559 |
Provision for expected losses |  | 100 |  |  | 350 |
Write-offs |  | (247) |  |  | — |
Balance at December 31 |  | $ | 1,062 |  |  | $ | 909 |
* * The Company adopted Financial Instruments - Credit Losses (Topic 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) |
2022 | $ | 8,020 |
2023 | 6,241 |
2024 | 4,625 |
2025 | 3,110 |
2026 | 1,726 |
Thereafter | 313 |
Total amounts to be collected | 24,035 |
Less: interest | (3,820) |
Less: allowance for receivables | (1,062) |
Total finance receivables | $ | 19,153 |

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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=124255953&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=123577603&loc=SL6953659-111524 + Details
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