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Receivables
 12 Months Ended
Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable, Classified [Abstract]  
Receivables
NOTE 7. RECEIVABLES

Accounts receivable, net, includes the Company's trade receivables, which are recorded based upon the amount the Company expects to receive from its clients, net of an allowance for doubtful accounts. The Company's receivables also include notes receivable for the financing of the sale of computer systems, primarily from auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment retailers and manufacturers. Notes receivable are recorded based upon the amount the Company expects to receive from its clients, net of an allowance for doubtful accounts and unearned income. The allowance for doubtful accounts is the Company's best estimate of probable credit losses related to trade receivables and notes receivable based upon the aging of the receivables, historical collection data, internal assessments of credit quality and the economic conditions in the automobile industry, as well as in the economy as a whole. The Company charges off uncollectable amounts against the reserve in the period in which it determines they are uncollectable. Unearned income on notes receivable is amortized using the effective interest method.

The Company’s receivables, whose carrying value approximates fair value, are as follows:
 
June 30, 2014
 
June 30, 2013
 
Current
 
Long-term
 
Current
 
Long-term
Trade receivables
$
1,767.3

 
$
—

 
$
1,561.1

 
$
—

Notes receivable
94.8

 
169.9

 
91.0

 
154.7

Less:
 

 
 

 
 

 
 

Allowance for doubtful accounts - trade receivables
(51.0
)
 
—

 
(44.9
)
 
—

Allowance for doubtful accounts - notes receivable
(4.7
)
 
(8.3
)
 
(5.3
)
 
(9.0
)
Unearned income - notes receivable
(6.0
)
 
(6.2
)
 
(6.6
)
 
(7.0
)
 
$
1,800.4

 
$
155.4

 
$
1,595.3

 
$
138.7



Long-term receivables at June 30, 2014 mature as follows:
2016
 
$
73.3

2017
 
$
52.6

2018
 
$
31.3

2019
 
$
12.7

Total
 
$
169.9



As of June 30, 2014, there are no notes receivable that are specifically reserved; the entire notes receivable reserve balance is comprised of non-specific reserves. As of June 30, 2013, the notes receivable balances with specific and non-specific reserves and the specific and non-specific reserves associated with those balances are as follows:
 
June 30, 2013
 
Notes Receivable
 
Reserve
 
Current
 
Long-term
 
Current
 
Long-term
Specifically reserved
$
0.3

 
$
0.5

 
$
0.3

 
$
0.5

Non-specifically reserved
90.7

 
154.2

 
5.0

 
8.5

 
$
91.0

 
$
154.7

 
$
5.3

 
$
9.0



The rollforward of the allowance for doubtful accounts related to notes receivable is as follows:
 
Current
 
Long-term
Balance at June 30, 2012
$
5.4

 
$
8.8

Net incremental provision
0.8

 
1.2

Recoveries
—

 
0.2

Chargeoffs
(0.9
)
 
(1.2
)
Balance at June 30, 2013
$
5.3

 
$
9.0

Net incremental provision
(0.1
)
 
(0.1
)
Recoveries
0.2

 
0.2

Chargeoffs
(0.7
)
 
(0.8
)
Balance at June 30, 2014
$
4.7

 
$
8.3



The allowance for doubtful accounts as a percentage of notes receivable was approximately 5% as of June 30, 2014 and 6% as of June 30, 2013.

On an ongoing basis, the Company evaluates the credit quality of its financing receivables, utilizing aging of receivables, collection experience and charge-offs.  In addition, the Company evaluates economic conditions in the auto industry and specific dealership matters, such as bankruptcy.  As events related to a specific client dictate, the credit quality of a client is reevaluated. Approximately 100% of notes receivable were current at June 30, 2014 and 2013.