FINANCING RECEIVABLES FINANCING RECEIVABLES (Tables)
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9 Months Ended |
Sep. 30, 2017 |
Receivables [Abstract] |
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Schedule of Components of Short Term Payment Plans |
These receivables, collectively referred to as short-term payment plans and included in the current portion of financing receivables, were comprised of the following at September 30, 2017 and December 31, 2016: | | | | | | | | | (In thousands) | September 30, 2017 | | December 31, 2016 | Second Generation Meaningful Use Installment Plans, gross | $ | 28 |
| | $ | 3,080 |
| Fixed Periodic Payment Plans, gross | 3,232 |
| | 1,988 |
| Short-term payment plans, gross | $ | 3,260 |
| | $ | 5,068 |
| | | | | Less: allowance for losses | (338 | ) | | (1,796 | ) | Short-term payment plans, net | $ | 2,922 |
| | $ | 3,272 |
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Components of Lease Receivables |
The components of these lease receivables were as follows at September 30, 2017 and December 31, 2016: | | | | | | | | | (In thousands) | September 30, 2017 | | December 31, 2016 | Sales-type leases, gross | $ | 19,619 |
| | $ | 8,981 |
| Less: allowance for losses | (1,876 | ) | | (402 | ) | Less: unearned income | (1,925 | ) | | (797 | ) | Sales-type leases, net | $ | 15,818 |
| | $ | 7,782 |
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Future Minimum Lease Payments to be Received |
Future minimum lease payments to be received subsequent to September 30, 2017 are as follows: | | | | | (In thousands) | | Years Ended December 31, | | 2017 | $ | 1,966 |
| 2018 | 5,080 |
| 2019 | 4,599 |
| 2020 | 3,607 |
| 2021 | 2,553 |
| Thereafter | 1,814 |
| | | Total minimum lease payments to be received | 19,619 |
| Less: allowance for losses | (1,876 | ) | Less: unearned income | (1,925 | ) | | | Lease receivables, net | $ | 15,818 |
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Allowance for Financing Credit Losses |
The following table is a roll-forward of the allowance for financing credit losses for the nine months ended September 30, 2017 and year ended December 31, 2016: | | | | | | | | | | | | | | | | | | | | | (In thousands) | Balance at Beginning of Period | | Provision | | Charge-offs | | Recoveries | | Balance at End of Period | September 30, 2017 | $ | 2,198 |
| | $ | 742 |
| | $ | (726 | ) | | $ | — |
| | $ | 2,214 |
| December 31, 2016 | $ | 654 |
| | $ | 1,762 |
| | $ | (218 | ) | | $ | — |
| | $ | 2,198 |
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Analysis of Age of Financing Receivables Amounts |
The following is an analysis of the age of financing receivables amounts (excluding short-term payment plans) that have been reclassified to trade accounts receivable and were past due as of September 30, 2017 and December 31, 2016: | | | | | | | | | | | | | | | | | (In thousands) | 1 to 90 Days Past Due | | 91 to 180 Days Past Due | | 181 + Days Past Due | | Total Past Due | September 30, 2017 | $ | 599 |
| | $ | 80 |
| | $ | 27 |
| | $ | 706 |
| December 31, 2016 | $ | 228 |
| | $ | 31 |
| | $ | 34 |
| | $ | 293 |
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Schedule of Financing Receivable Credit Quality Indicators |
The table below categorizes customer financing receivable balances (excluding short-term payment plans), none of which are considered past due, based on the age of the oldest payment outstanding that has been reclassified to trade accounts receivable: | | | | | | | | | (In thousands) | September 30, 2017 | | December 31, 2016 | Customer balances with amounts reclassified to trade accounts receivable that are: | | | | 1 to 90 Days Past Due | $ | 10,571 |
| | $ | 6,167 |
| 91 to 180 Days Past Due | 2,651 |
| | 550 |
| 181 + Days Past Due | 719 |
| | 273 |
| Total customer balances with past due amounts reclassified to trade accounts receivable | $ | 13,941 |
| | $ | 6,990 |
| Total customer balances with no past due amounts reclassified to trade accounts receivable | 3,753 |
| | 1,194 |
| Total financing receivables with contractual maturities of one year or less | 3,260 |
| | 5,068 |
| Less: allowance for losses | (2,214 | ) | | (2,198 | ) | Total financing receivables | $ | 18,740 |
| | $ | 11,054 |
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