Allowance for Credit Losses and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2014

Allowance for Credit Losses by Subsidiary

The following table reconciles the activity in the allowance for credit losses by subsidiary for the three months ended June 30, 2014 and 2013:


	Microticket equipment
	Three months ended June 30, 2014									Three months ended June 30, 2013
	Lease- Comm			Time- Payment			Total			Lease- Comm			Time- Payment			Total
Allowance for credit losses:
Beginning balance	$	69		$	14,496		$	14,565		$	98		$	14,649		$	14,747
Charge-offs		(54	)		(6,126	)		(6,180	)		(51	)		(5,555	)		(5,606	)
Recoveries		58			1,649			1,707			37			1,655			1,692
Provisions		(2	)		4,393			4,391			24			4,719			4,743

Ending balance, allowance for credit losses	$	71		$	14,412		$	14,483		$	108		$	15,468		$	15,576

The following table reconciles the activity in the allowance for credit losses by subsidiary for the six months ended June 30, 2014 and 2013:


	Microticket equipment
	Six months ended June 30, 2014									Six months ended June 30, 2013
	Lease- Comm			Time- Payment			Total			Lease- Comm			Time- Payment			Total
Allowance for credit losses:
Beginning balance	$	91		$	15,288		$	15,379		$	103		$	13,935		$	14,038
Charge-offs		(150	)		(13,354	)		(13,504	)		(170	)		(11,008	)		(11,178	)
Recoveries		120			3,063			3,183			89			3,003			3,092
Provisions		10			9,415			9,425			86			9,538			9,624

Ending balance, allowance for credit losses	$	71		$	14,412		$	14,483		$	108		$	15,468		$	15,576

Allowance for Credit Losses and Financing Receivables by Subsidiary Classified According to Impairment Evaluation Method

The following table presents the allowance for credit losses and financing receivables by subsidiary as of June 30, 2014, and December 31, 2013, classified according to the impairment evaluation method:


	As of June 30, 2014						As of December 31, 2013
	Lease- Comm		Time- Payment		Total		Lease- Comm		Time- Payment		Total
Allowance for credit losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		71		14,412		14,483		91		15,288		15,379
Contracts acquired with deteriorated credit quality		—		—		—		—		—		—

Ending balance, allowance for credit losses	$	71	$	14,412	$	14,483	$	91	$	15,288	$	15,379

Financing receivables:⁽¹⁾
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		154		179,968		180,122		185		177,463		177,648
Contracts acquired with deteriorated credit quality		—		—		—		—		—		—

Ending balance, financing receivables	$	154	$	179,968	$	180,122	$	185	$	177,463	$	177,648

(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, 2014, 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	$	82		$	2		$	3		$	67		$	154		$	67

TimePayment
Gold		65,989			2,116			814			2,018			70,937			2,018
Silver		78,947			2,337			2,535			12,309			96,128			12,309
Bronze		8,774			638			526			2,965			12,903			2,965

TimePayment subtotal		153,710			5,091			3,875			17,292			179,968			17,292

Total financing receivables	$	153,792		$	5,093		$	3,878		$	17,359		$	180,122		$	17,359

Percent of total financing receivables		85.4	%		2.8	%		2.2	%		9.6	%		100.0	%

The following table presents the aging status of the recorded investment in leases as of December 31, 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	$	93		$	5		$	4		$	83		$	185		$	83

TimePayment
Gold		58,769			2,501			902			3,391			65,563			3,391
Silver		81,152			2,933			2,754			13,437			100,276			13,437
Bronze		7,788			493			502			2,841			11,624			2,841

TimePayment subtotal		147,709			5,927			4,158			19,669			177,463			19,669

Total financing receivables	$	147,802		$	5,932		$	4,162		$	19,752		$	177,648		$	19,752

Percent of total financing receivables		83.2	%		3.3	%		2.4	%		11.1	%		100	%