Finance Assets and Lessor Operating Leases (Tables)

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Schedule of Financing Receivables

Finance receivables consisted of the following:

	June 30, 2023						December 31, 2022
	North America		International		Total		North America		International		Total
Sales-type lease receivables
Gross finance receivables	$	986,317	$	143,792	$	1,130,109	$	967,298	$	158,167	$	1,125,465
Unguaranteed residual values	38,837		8,346		47,183		38,832		8,798		47,630
Unearned income	(246,871)		(45,218)		(292,089)		(239,238)		(48,334)		(287,572)
Allowance for credit losses	(14,255)		(2,434)		(16,689)		(14,131)		(2,893)		(17,024)
Net investment in sales-type lease receivables	764,028		104,486		868,514		752,761		115,738		868,499
Loan receivables
Loan receivables	317,513		19,477		336,990		311,887		16,636		328,523
Allowance for credit losses	(5,264)		(164)		(5,428)		(4,787)		(139)		(4,926)
Net investment in loan receivables	312,249		19,313		331,562		307,100		16,497		323,597
Net investment in finance receivables	$	1,076,277	$	123,799	$	1,200,076	$	1,059,861	$	132,235	$	1,192,096

Schedule of Sales-type Lease Maturity

Maturities of gross finance receivables at June 30, 2023 were as follows:

	Sales-type Lease Receivables						Loan Receivables
	North America		International		Total		North America		International		Total
Remainder 2023	$	197,140	$	43,305	$	240,445	$	224,057	$	19,477	$	243,534
2024	323,973		45,253		369,226		33,442		—		33,442
2025	232,550		28,915		261,465		26,991		—		26,991
2026	148,495		16,607		165,102		18,104		—		18,104
2027	72,840		7,306		80,146		11,659		—		11,659
Thereafter	11,319		2,406		13,725		3,260		—		3,260
Total	$	986,317	$	143,792	$	1,130,109	$	317,513	$	19,477	$	336,990

Schedule of Loan Receivable Maturity

Maturities of gross finance receivables at June 30, 2023 were as follows:

	Sales-type Lease Receivables						Loan Receivables
	North America		International		Total		North America		International		Total
Remainder 2023	$	197,140	$	43,305	$	240,445	$	224,057	$	19,477	$	243,534
2024	323,973		45,253		369,226		33,442		—		33,442
2025	232,550		28,915		261,465		26,991		—		26,991
2026	148,495		16,607		165,102		18,104		—		18,104
2027	72,840		7,306		80,146		11,659		—		11,659
Thereafter	11,319		2,406		13,725		3,260		—		3,260
Total	$	986,317	$	143,792	$	1,130,109	$	317,513	$	19,477	$	336,990

Schedule of Past Due Financing Receivables

The aging of gross finance receivables was as follows:

	June 30, 2023
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
Past due amounts 0 - 90 days	$	981,470	$	141,849	$	314,794	$	19,285	$	1,457,398
Past due amounts > 90 days	4,847		1,943		2,719		192		9,701
Total	$	986,317	$	143,792	$	317,513	$	19,477	$	1,467,099

	December 31, 2022
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
Past due amounts 0 - 90 days	$	959,203	$	155,596	$	308,872	$	16,503	$	1,440,174
Past due amounts > 90 days	8,095		2,571		3,015		133		13,814
Total	$	967,298	$	158,167	$	311,887	$	16,636	$	1,453,988

Schedule of Allowance for Credit Losses and Write-offs on Financing Receivables

Activity in the allowance for credit losses for finance receivables was as follows:

	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
Balance at January 1, 2023	$	14,131	$	2,893	$	4,787	$	139	$	21,950
Amounts charged to expense	1,035		250		2,067		160		3,512
Write-offs	(2,374)		(779)		(2,668)		(145)		(5,966)
Recoveries	1,460		134		1,061		—		2,655
Other	3		(64)		17		10		(34)
Balance at June 30, 2023	$	14,255	$	2,434	$	5,264	$	164	$	22,117
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
Balance at January 1, 2022	$	19,546	$	3,246	$	3,259	$	167	$	26,218
Amounts charged to expense	145		73		1,408		186		1,812
Write-offs	(2,806)		(433)		(2,491)		(152)		(5,882)
Recoveries	1,572		—		1,354		—		2,926
Other	(19)		(364)		(2)		(31)		(416)
Balance at June 30, 2022	$	18,438	$	2,522	$	3,528	$	170	$	24,658

The table below shows write-offs of gross finance receivables by year of origination.

	June 30, 2023
	Sales Type Lease Receivables												Loan Receivables		Total
	2023		2022		2021		2020		2019		Prior
Write-offs	$	272	$	688	$	936	$	601	$	366	$	290	$	2,813	$	5,966

Schedule of Financing Receivable Credit Quality Indicators

The table below shows gross finance receivables by relative risk class and year of origination based on the relative scores of the accounts within each class.

	June 30, 2023
	Sales Type Lease Receivables												Loan Receivables		Total
	2023		2022		2021		2020		2019		Prior
Low	$	144,677	$	255,499	$	183,923	$	119,576	$	68,835	$	25,262	$	252,372	$	1,050,144
Medium	27,214		45,522		33,343		22,615		16,592		6,076		49,631		200,993
High	2,345		4,581		3,055		2,482		1,214		850		6,416		20,943
Not Scored	48,423		50,455		37,337		17,854		9,379		3,000		28,571		195,019
Total	$	222,659	$	356,057	$	257,658	$	162,527	$	96,020	$	35,188	$	336,990	$	1,467,099
	December 31, 2022
	Sales Type Lease Receivables												Loan Receivables		Total
	2022		2021		2020		2019		2018		Prior
Low	$	286,297	$	206,511	$	140,800	$	95,485	$	34,721	$	12,674	$	239,635	$	1,016,123
Medium	53,419		40,669		27,013		19,668		6,751		3,441		56,048		207,009
High	6,492		3,840		3,119		1,942		750		508		6,800		23,451
Not Scored	71,435		53,831		29,957		19,232		5,889		1,021		26,040		207,405
Total	$	417,643	$	304,851	$	200,889	$	136,327	$	48,111	$	17,644	$	328,523	$	1,453,988

Schedule of Sales-type Lease, Lease Income

Lease income from sales-type leases, excluding variable lease payments, was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Profit recognized at commencement	$	30,839	$	34,337	$	62,661	$	69,378
Interest income	39,181		41,021		78,112		83,304
Total lease income from sales-type leases	$	70,020	$	75,358	$	140,773	$	152,682

Schedule of Lessor, Payments to be Received

Maturities of these operating leases are as follows:

Remainder 2023	$	10,241
2024	17,361
2025	18,934
2026	9,561
2027	2,779
Thereafter	607
Total	$	59,483