Annual report pursuant to Section 13 and 15(d)

Receivables (Tables)

v2.4.0.8
Receivables (Tables)
 12 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Schedule of receivables and secured loans
Receivables and secured loans consist of the following as of June 30, 2014 and June 30, 2013:
in thousands
 
 
 
 
June 30,
 
2014
 
2013
 
 
 
 
 
Customer trade receivables
 
$
1,744

 
$
38,405

Wholesale trade advances
 
4,586

 
20,623

Due from brokers
 
33,079

 
—

Subtotal
 
39,409

 
59,028

Secured loans
 
41,261

 
35,585

Subtotal
 
80,670

 
94,613

Less: allowance for doubtful accounts
 
(30
)
 
(104
)
Subtotal
 
80,640

 
94,509

Derivative assets — open sale and purchase commitments, net
 
22,170

 
—

Derivative assets — futures contracts
 
—

 
14,967

Derivative assets — forward contracts
 
14

 
471

Receivables, net
 
$
102,824

 
$
109,947

Schedule of classes for financing receivables
The Company's secured loans by portfolio class, which align with management reporting, are as follows:
in thousands
 
 
 
 
 
 
 
 
June 30,
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Bullion
 
$
17,361

 
42.1
%
 
$
21,993

 
61.8
%
Numismatic and semi numismatic
 
23,900

 
57.9

 
13,592

 
38.2

 Total secured loans
 
$
41,261

 
100.0
%
 
$
35,585

 
100.0
%

Financing receivable credit quality indicators
The Company disaggregates its secured loans as follows:
in thousands
 
 
 
 
 
 
 
 
June 30,
 
2014
 
2013
Loan-to-value of 75% or more
 
$
11,950

 
29.0
%
 
$
3,764

 
10.6
%
Loan-to-value of less than 75%
 
29,311

 
71.0

 
31,821

 
89.4

Total secured loans
 
$
41,261

 
100.0
%
 
$
35,585

 
100.0
%
Schedule of activity in allowance for doubtful accounts
Activity in the allowance for doubtful accounts for the years ended June 30, 2014, 2013 and 2012 is as follows:
in thousands
 
 
 
 
 
 
 
 
Year ended:
 
Beginning Balance
 
Provision
 
Charge-off
 
Ending Balance
June 30, 2014
 
$
104

 
$
—

 
$
(74
)
 
$
30

June 30, 2013
 
$
1,118

 
$
(700
)
 
$
(314
)
 
$
104

June 30, 2012
 
$
102

 
$
1,016

 
$
—

 
$
1,118