Trade accounts receivable, net

3 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Trade accounts receivable, net

Trade accounts receivable, net

Trade accounts receivable are initially recorded at their net collectible amount and are generally recorded at the time the revenue from the sales transaction is recorded. We evaluate the collectibility of our receivables based on historical experience and current and forecasted economic conditions based on management's judgment. Additionally, receivables are written off to bad debt when management makes a final determination of uncollectibility. Allowance for credit losses was $16,893 and $11,644 at September 30, 2020 and June 30, 2020, respectively.

Non-trade and notes receivable

The non-trade and notes receivable caption in the Consolidated Balance Sheet is comprised of the following components:

	September 30, 2020		June 30, 2020
Notes receivable	$	126,919	$	97,370
Accounts receivable, other	147,072		147,500
Total	$	273,991	$	244,870