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SEC filing – odaterad – R12.htm
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- LOANS TO FRANCHISEES – Franchisee loan balances consist of term loans made primarily to finance the purchase of franchises and revolving lines of credit primarily for the purpose of funding working capital needs. As of December 31, 2024 and June 30, 2024, loans with a principal balance more than 90 days past due or on non-accrual status were $2.2 million and $1.1 million, respectively. | H&R BLOCK'S INSTANT REFUND ® – H&R Block's Instant Refund® amounts are generally received from the Canada Revenue Agency within 60 days of filing the client's return, with the remaining balance collectible from the client. | We review the credit quality of our Instant Refund receivables based on pools, which are segregated by the tax return year of origination, with older years being deemed more unlikely to be repaid. We establish an allowance for credit losses at an amount that we believe reflects the receivable at net realizable value. In December of each year, we charge-off the receivables and the related allowance to an amount we believe represents the net realizable value.
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XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.0.1 RECEIVABLES 6 Months Ended Dec. 31, 2024 Accounts, Notes, Loans and Financing Receivable, Unclassified [Abstract] RECEIVABLES NOTE 4: RECEIVABLES Receivables, net of their related allowance, consist of the following: (in 000s) As of December 31, 2024 June 30, 2024 Short-term Long-term Short-term Long-term Loans to franchisees $ 19,764 $ 20,861 $ 5,917 $ 16,498 Receivables for U.S. assisted and DIY tax preparation and related fees 9,823 5,440 18,440 5,332 H&R Block's Instant Refund® receivables 1,375 184 2,947 207 Emerald Advance® 266,110 23,643 17,867 21,360 Software receivables from retailers 2,073 — 1,029 — Royalties and other receivables from franchisees 6,955 — 5,808 — Wave payment processing receivables 693 — 1,078 — Other 14,378 659 15,989 427 Total $ 321,171 $ 50,787 $ 69,075 $ 43,824 Balances presented above as short-term are included in receivables, while the long-term portions are included in other noncurrent assets in the consolidated balance sheets. LOANS TO FRANCHISEES – Franchisee loan balances consist of term loans made primarily to finance the purchase of franchises and revolving lines of credit primarily for the purpose of funding working capital needs. As of December 31, 2024 and June 30, 2024, loans with a principal balance more than 90 days past due or on non-accrual status were $2.2 million and $1.1 million, respectively. H&R BLOCK'S INSTANT REFUND ® – H&R Block's Instant Refund® amounts are generally received from the Canada Revenue Agency within 60 days of filing the client's return, with the remaining balance collectible from the client. We review the credit quality of our Instant Refund receivables based on pools, which are segregated by the tax return year of origination, with older years being deemed more unlikely to be repaid. We establish an allowance for credit losses at an amount that we believe reflects the receivable at net realizable value. In December of each year, we charge-off the receivables and the related allowance to an amount we believe represents the net realizable value. Balances and amounts on non-accrual status, classified as impaired, or more than 60 days past due, by tax return year of origination, as of December 31, 2024 are as foll ows: (in 000s) Tax return year of origination Balance More Than 60 Days Past Due 2023 $ 375 $ 316 2022 and prior 1,184 1,184 1,559 $ 1,500 Allowance — Net balance $ 1,559 EMERALD ADVANCE ® – We review the credit quality of our purchased participation interests in Emerald Advance® (EA) receivables based on pools, which are segregated by the fiscal year of origination, with older years being deemed more unlikely to be repaid. We establish an allowance for credit losses at an amount that we believe reflects the receivable at net realizable value. Typically, in December of each year, we charge-off the receivables and the related allowance for EAs to an amount we believe represents the net realizable value. Balances and amounts on non-accrual status, classified as impaired, or more than 60 days past due, by fiscal year of origination, as of December 31, 2024 are as follows: (in 000s) Fiscal year of origination Balance Non-Accrual 2025 $ 270,393 $ — 2024 and prior 38,469 38,469 308,862 $ 38,469 Allowance (19,109) Net balance $ 289,753 ALLOWANCE FOR CREDIT LOSSES – Activity in the allowance for credit losses for EA and all other short-term and long-term receivables for the six months ended December 31, 2024 and 2023 is as follows: (in 000s) EAs All Other Total Balances as of July 1, 2024 $ 33,536 $ 45,327 $ 78,863 Provision for credit losses 19,109 1,618 20,727 Charge-offs, recoveries and other (33,536) (45,552) (79,088) Balances as of December 31, 2024 $ 19,109 $ 1,393 $ 20,502 Balances as of July 1, 2023 $ 27,386 $ 35,108 $ 62,494 Provision for credit losses 17,885 3,651 21,536 Charge-offs, recoveries and other (27,714) (37,613) (65,327) Balances as of December 31, 2023 $ 17,557 $ 1,146 $ 18,703 X - References No definition available. + Details Name: us-gaap_AccountsAndNotesReceivableUnclassifiedAbstract Namespace Prefix: us-gaap_ Data Type: xbrli:stringItemType Balance Type: na Period Type: duration X - Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details Name: us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock Namespace Prefix: us-gaap_ Data Type: dtr-types:textBlockItemType Balance Type: na Period Type: duration