Accounts Receivable and Credit Losses (Tables)

3 Months Ended

Sep. 30, 2021

Receivables [Abstract]

Schedule of classification of our accounts receivable

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

	September 30, 2021
		Gross		Allowance		Net
Trade receivables, current	$	178,284	$	(18,122)	$	160,162
Financing receivables, current		8,294		(5,245)		3,049
Accounts receivable, current	$	186,578	$	(23,367)	$	163,211
Financing receivables, current	$	8,294	$	(5,245)	$	3,049
Financing receivables, noncurrent		37,509		(11,819)		25,690
Total financing receivables	$	45,803	$	(17,064)	$	28,739

	June 30, 2021
		Gross		Allowance		Net
Trade receivables, current	$	79,062	$	(13,154)	$	65,908
Financing receivables, current		6,348		(4,260)		2,088
Accounts receivable, current	$	85,410	$	(17,414)	$	67,996
Financing receivables, current	$	6,348	$	(4,260)	$	2,088
Financing receivables, noncurrent		39,665		(12,572)		27,093
Total financing receivables	$	46,013	$	(16,832)	$	29,181

	September 30, 2020
		Gross		Allowance		Net
Trade receivables, current	$	106,980	$	(10,634)	$	96,346
Financing receivables, current		6,906		(3,716)		3,190
Accounts receivable, current	$	113,886	$	(14,350)	$	99,536
Financing receivables, current	$	6,906	$	(3,716)	$	3,190
Financing receivables, noncurrent		42,925		(13,099)		29,826
Total financing receivables	$	49,831	$	(16,815)	$	33,016

Schedule of credit quality analysis of financing receivable

The credit quality analysis of financing receivables as of September 30, 2021 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2018		2019		2020		2021		2022		Total
1-30 days past due	$	149	$	60	$	145	$	342	$	1,498	$	33	$	2,227
31-60 days past due		52		257		230		19		462		101		1,121
61-90 days past due		25		66		—		19		227		86		423
91-120 days past due		124		16		131		12		467		—		750
121-150 days past due		545		13		38		2		323		—		921
Greater than 150 days past due		9,347		1,826		1,195		891		1,083		—		14,342
Total past due		10,242		2,238		1,739		1,285		4,060		220		19,784
Current		6,670		2,710		1,930		1,280		11,638		1,791		26,019
Financing receivables, gross	$	16,912	$	4,948	$	3,669	$	2,565	$	15,698	$	2,011	$	45,803

The credit quality analysis of financing receivables as of June 30, 2021 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2017		2018		2019		2020		2021		Total
1-30 days past due	$	297	$	7	$	320	$	559	$	135	$	1,616	$	2,934
31-60 days past due		145		2		165		49		61		660		1,082
61-90 days past due		24		310		92		102		69		95		692
91-120 days past due		287		—		131		16		47		13		494
121-150 days past due		43		31		133		42		256		108		613
Greater than 150 days past due		7,468		2,973		1,919		1,431		475		872		15,138
Total past due		8,264		3,323		2,760		2,199		1,043		3,364		20,953
Current		4,565		1,955		2,601		1,586		1,548		12,805		25,060
Financing receivables, gross	$	12,829	$	5,278	$	5,361	$	3,785	$	2,591	$	16,169	$	46,013

The credit quality analysis of financing receivables as of September 30, 2020 was as follows (in thousands):

	Amortized Cost Basis by Origination Year
	Prior		2017		2018		2019		2020		2021		Total
1-30 days past due	$	1,117	$	1,338	$	647	$	889	$	379	$	24	$	4,394
31-60 days past due		556		145		41		67		223		—		1,032
61-90 days past due		609		59		444		71		127		—		1,310
91-120 days past due		804		751		741		183		—		—		2,479
121-150 days past due		68		317		35		60		—		—		480
Greater than 150 days past due		7,307		2,088		1,699		889		334		—		12,317
Total past due		10,461		4,698		3,607		2,159		1,063		24		22,012
Current		11,634		4,994		3,732		4,682		2,384		393		27,819
Financing receivables, gross	$	22,095	$	9,692	$	7,339	$	6,841	$	3,447	$	417	$	49,831

Rollforward of the allowance for credit losses

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

	Three Months Ended September 30, 2021
	Trade		Financing		Total
Beginning balance	$	13,154	$	16,832	$	29,986
Write-offs		(1,910)		(537)		(2,447)
Recoveries		1,318		—		1,318
Provision for credit losses		5,560		769		6,329
Ending balance	$	18,122	$	17,064	$	35,186

	Three Months Ended September 30, 2020
	Trade		Financing		Total
Beginning balance	$	10,825	$	15,690	$	26,515
Write-offs		(759)		(256)		(1,015)
Recoveries		186		40		226
Provision for credit losses		382		1,341		1,723
Ending balance	$	10,634	$	16,815	$	27,449