Allowance for Credit Losses and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2013

The following table reconciles the activity in the allowance for credit losses by portfolio segment for the three months ended June 30, 2013 and 2012:


	Microticket equipment
	Three months ended June 30, 2013									Three months ended June 30, 2012
	Lease- Comm			Time- Payment			Total			Lease- Comm			Time- Payment			Total
Allowance for credit losses:
Beginning balance	$	98		$	14,649		$	14,747		$	143		$	12,714		$	12,857
Charge-offs		(51	)		(5,555	)		(5,606	)		(169	)		(5,512	)		(5,681	)
Recoveries		37			1,655			1,692			24			1,282			1,306
Provisions		24			4,719			4,743			128			4,420			4,548

Ending balance, allowance for credit losses	$	108		$	15,468		$	15,576		$	126		$	12,904		$	13,030

The following table reconciles the activity in the allowance for credit losses by portfolio segment for the six months ended June 30, 2013 and 2012:


	Microticket equipment
	Six months ended June 30, 2013									Six months ended June 30, 2012
	Lease- Comm			Time- Payment			Total			Lease- Comm			Time- Payment			Total
Allowance for credit losses:
Beginning balance	$	103		$	13,935		$	14,038		$	162		$	13,018		$	13,180
Charge-offs		(170	)		(11,008	)		(11,178	)		(332	)		(11,888	)		(12,220	)
Recoveries		89			3,003			3,092			136			2,490			2,626
Provisions		86			9,538			9,624			160			9,284			9,444

Ending balance, allowance for credit losses	$	108		$	15,468		$	15,576		$	126		$	12,904		$	13,030

The following table presents the allowance for credit losses and financing receivables by portfolio segment as of June 30, 2013, and December 31, 2012, classified according to the impairment evaluation method:


	As of June 30, 2013						As of December 31, 2012
	Lease- Comm		Time- Payment		Total		Lease- Comm		Time- Payment		Total
Allowance for credit losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		108		15,468		15,576		103		13,935		14,038
Contracts acquired with deteriorated credit quality		—		—		—		—		—		—

Ending balance, allowance for credit losses	$	108	$	15,468	$	15,576	$	103	$	13,935	$	14,038

Financing receivables:⁽¹⁾
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		243		176,454		176,697		174		173,697		173,871
Contracts acquired with deteriorated credit quality		—		—		—		—		—		—

Ending balance, financing receivables	$	243	$	176,454	$	176,697	$	174	$	173,697	$	173,871

(1)	Total financing receivables include net investment in leases. For purposes of asset quality and allowance calculations, the allowance for credit losses is excluded.

Aged Analysis of Past Due Financing Receivables by Our Internally Developed Proprietary Scoring Model in Leases

The following table presents the aging status of the recorded investment in leases as of June 30, 2013, classified according to the original score granted by our internally-developed proprietary scoring model:


	Current			31 to 60 days Past Due			61 to 90 days Past Due			Over 90 Days Past Due			Total			Over 90 Days Accruing
LeaseComm	$	118		$	5		$	4		$	116		$	243		$	116
TimePayment
Gold		55,840			1,639			1,087			3,638			62,204			3,638
Silver		84,107			2,586			2,603			14,391			103,687			14,391
Bronze		7,156			469			378			2,560			10,563			2,560

TimePayment subtotal		147,103			4,694			4,068			20,589			176,454			20,589

Total financing receivables	$	147,221		$	4,699		$	4,072		$	20,705		$	176,697		$	20,705

Percent of total financing receivables		83.3	%		2.7	%		2.3	%		11.7	%		100.0	%

The following table presents the aging status of the recorded investment in leases as of December 31, 2012, classified according to the original score granted by our internally-developed proprietary scoring model:


	Current			31 to 60 days Past Due			61 to 90 days Past Due			Over 90 Days Past Due			Total			Over 90 Days Accruing
LeaseComm	$	90		$	5		$	5		$	74		$	174		$	74
TimePayment
Gold		54,446			2,763			1,042			2,309			60,560			2,309
Silver		84,268			2,883			3,281			13,312			103,744			13,312
Bronze		6,341			493			441			2,118			9,393			2,118

TimePayment subtotal		145,055			6,139			4,764			17,739			173,697			17,739

Total financing receivables	$	145,145		$	6,144		$	4,769		$	17,813		$	173,871		$	17,813

Percent of total financing receivables		83.5	%		3.5	%		2.7	%		10.3	%		100	%