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Finance Receivables (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Finance Receivables
Finance receivables, net at December 31, were as follows (in thousands): 
 
2019
 
2018
 
2017
 
2016
 
2015
Retail finance receivables:
 
 
 
 
 
 
 
 
 
United States
$
6,180,236

 
$
6,103,378

 
$
5,901,002

 
$
5,769,410

 
$
5,803,071

Canada
236,192

 
224,823

 
239,598

 
212,801

 
188,400

 
6,416,428

 
6,328,201

 
6,140,600

 
5,982,211

 
5,991,471

Wholesale finance receivables:
 
 
 
 
 
 
 
 
 
United States
1,067,880

 
1,007,956

 
939,621

 
961,150

 
965,379

Canada
88,639

 
75,659

 
77,336

 
65,440

 
58,481


1,156,519

 
1,083,615

 
1,016,957

 
1,026,590

 
1,023,860

 
7,572,947

 
7,411,816

 
7,157,557

 
7,008,801

 
7,015,331

Allowance for credit losses
(198,581
)
 
(189,885
)
 
(192,471
)
 
(173,343
)
 
(147,178
)
 
$
7,374,366

 
$
7,221,931

 
$
6,965,086

 
$
6,835,458

 
$
6,868,153
Contractual Maturities Of Finance Receivables As of December 31, 2019, contractual maturities of total finance receivables were as follows (in thousands): 
 
United States
 
Canada
 
Total
2020
$
2,177,277

 
$
138,251

 
$
2,315,528

2021
1,188,915

 
52,390

 
1,241,305

2022
1,329,148

 
56,629

 
1,385,777

2023
1,486,564

 
61,211

 
1,547,775

2024
1,061,450

 
16,350

 
1,077,800

Thereafter
4,762

 
—

 
4,762

 
$
7,248,116

 
$
324,831

 
$
7,572,947
Changes In The Allowance For Finance Credit Losses On Finance Receivables Changes in the allowance for credit losses on finance receivables by portfolio for the year ended December 31, were as follows (in thousands): 
 
2019
Retail
 
Wholesale
 
Total
Balance, beginning of period
$
182,098

 
$
7,787

 
$
189,885

Provision for credit losses
132,243

 
2,293

 
134,536

Charge-offs
(173,358
)
 
—

 
(173,358
)
Recoveries
47,518

 
—

 
47,518

Balance, end of period
$
188,501

 
$
10,080

 
$
198,581


 
2018
Retail
 
Wholesale
 
Total
Balance, beginning of period
$
186,254

 
$
6,217

 
$
192,471

Provision for credit losses
105,292

 
1,578

 
106,870

Charge-offs
(154,433
)
 
(8
)
 
(154,441
)
Recoveries
44,985

 
—

 
44,985

Balance, end of period
$
182,098

 
$
7,787

 
$
189,885


 
2017
Retail
 
Wholesale
 
Total
Balance, beginning of period
$
166,810

 
$
6,533

 
$
173,343

Provision for credit losses
132,760

 
(316
)
 
132,444

Charge-offs
(160,972
)
 
—

 
(160,972
)
Recoveries
47,656

 
—

 
47,656

Balance, end of period
$
186,254

 
$
6,217

 
$
192,471


Finance receivables are considered impaired when management determines it is probable that the Company will be unable to collect all amounts due according to the terms of the loan agreement. Portions of the allowance for credit losses are established to cover estimated losses on finance receivables specifically identified for impairment. The unspecified portion of the allowance for credit losses covers estimated losses on finance receivables which are collectively reviewed for impairment.
Impaired finance receivables also include loans that have been modified in troubled debt restructurings as a concession to borrowers experiencing financial difficulty. Generally, it is the Company’s policy not to change the terms and conditions of finance receivables. However, to minimize the economic loss, the Company may modify certain finance receivables in troubled debt restructurings. Total restructured finance receivables are not significant.
The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, at December 31, was as follows (in thousands): 
 
2019
 
Retail
 
Wholesale
 
Total
Allowance for credit losses, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
2,100

 
$
2,100

Collectively evaluated for impairment
188,501

 
7,980

 
196,481

 
$
188,501

 
$
10,080

 
$
198,581

Finance receivables, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
4,601

 
$
4,601

Collectively evaluated for impairment
6,416,428

 
1,151,918

 
7,568,346

 
$
6,416,428

 
$
1,156,519

 
$
7,572,947

 
2018
 
Retail
 
Wholesale
 
Total
Allowance for credit losses, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
182,098

 
7,787

 
189,885

 
$
182,098

 
$
7,787

 
$
189,885

Finance receivables, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
6,328,201

 
1,083,615

 
7,411,816

 
$
6,328,201

 
$
1,083,615

 
$
7,411,816
Impaired Financing Receivables Under ASC 310
Additional information related to the wholesale finance receivables that are individually deemed to be impaired under ASC Topic 310, Receivables at December 31, 2019 includes (in thousands):
 
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
 
Average Recorded Investment
 
Interest Income Recognized
Wholesale:
 
 
 
 
 
 
 
 
 
No related allowance recorded
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Related allowance recorded
4,994

 
4,601

 
2,100

 
4,976

 
—

 
$
4,994

 
$
4,601

 
$
2,100

 
$
4,976

 
$
—
Past Due Financing Receivables
An aging analysis of finance receivables at December 31, was as follows (in thousands): 
 
2019
 
Current
 
31-60 Days
Past Due
 
61-90 Days
Past Due
 
Greater than
90 Days
Past Due
 
Total
Past Due
 
Total
Finance
Receivables
Retail finance receivables
$
6,171,930

 
$
142,479

 
$
53,995

 
$
48,024

 
$
244,498

 
$
6,416,428

Wholesale financial receivables
1,152,416

 
1,145

 
384

 
2,574

 
4,103

 
1,156,519

 
$
7,324,346

 
$
143,624

 
$
54,379

 
$
50,598

 
$
248,601

 
$
7,572,947


 
2018
 
Current
 
31-60 Days
Past Due
 
61-90 Days
Past Due
 
Greater than
90 Days
Past Due
 
Total
Past Due
 
Total
Finance
Receivables
Retail finance receivables
$
6,100,186

 
$
136,945

 
$
49,825

 
$
41,245

 
$
228,015

 
$
6,328,201

Wholesale financial receivables
1,081,729

 
522

 
273

 
1,091

 
1,886

 
1,083,615

 
$
7,181,915

 
$
137,467

 
$
50,098

 
$
42,336

 
$
229,901

 
$
7,411,816


The recorded investment of retail and wholesale finance receivables, excluding non-accrual status finance receivables, that were contractually past due 90 days or more at December 31, for the past five years was as follows (in thousands): 
 
2019
 
2018
 
2017
 
2016
 
2015
United States
$
47,138

 
$
41,285

 
$
39,051

 
$
39,399

 
$
31,677

Canada
888

 
1,051

 
1,025

 
1,326

 
1,192

 
$
48,026

 
$
42,336

 
$
40,076

 
$
40,725

 
$
32,869
Financing Receivable Credit Quality Indicators
The recorded investment of retail finance receivables, by credit quality indicator at December 31, was as follows (in thousands): 
 
2019
 
2018
Prime
$
5,278,093

 
$
5,183,754

Sub-prime
1,138,335

 
1,144,447

 
$
6,416,428

 
$
6,328,201


The recorded investment of wholesale finance receivables, by internal credit quality indicator at December 31, was as follows (in thousands): 
 
2019
 
2018
Doubtful
$
11,664

 
$
2,210

Substandard
6,122

 
9,660

Special Mention
16,125

 
10,299

Medium Risk
16,800

 
25,802

Low Risk
1,105,808

 
1,035,644

 
$
1,156,519

 
$
1,083,615