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FINANCE RECEIVABLES (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Finance receivables, net consisted of the following (in millions):
 
June 30,
2016
 
December 31,
2015
Commercial loans
$
314.6

 
$
331.4

Sales-type leases
18.9

 
21.9

Total finance receivables, gross
333.5

 
353.3

Allowance for credit losses
(7.4
)
 
(7.3
)
Total finance receivables, net
$
326.1

 
$
346.0
Allowance for Credit Losses on Financing Receivables
The following table presents an analysis of the allowance for credit losses:

 
 
Three Months Ended
June 30, 2016
 
Three Months Ended
June 30, 2015
 
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Balance, beginning of period
 
$
6.4

 
$
1.1

 
$
7.5

 
$
2.6

 
$
1.2

 
$
3.8

Provision for credit losses
 
0.5

 
(0.6
)
 
(0.1
)
 
1.1

 
—

 
1.1

Charge offs
 
—

 
—

 
—

 
—

 
—

 
—

Recoveries
 
—

 
—

 
—

 
—

 
—

 
—

Balance, end of period
 
$
6.9

 
$
0.5

 
$
7.4

 
$
3.7

 
$
1.2

 
$
4.9


 
 
Six Months Ended
June 30, 2016
 
Six Months Ended
June 30, 2015
 
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Balance, beginning of period
 
$
6.5

 
0.8

 
$
7.3

 
$
1.9

 
$
1.1

 
$
3.0

Provision for credit losses
 
0.4

 
(0.3
)
 
0.1

 
1.8

 
0.1

 
1.9

Charge offs
 
—

 
—

 
—

 
—

 
—

 
—

Recoveries
 
—

 
—

 
—

 
—

 
—

 
—

Balance, end of period
 
$
6.9

 
$
0.5

 
$
7.4

 
$
3.7

 
$
1.2

 
$
4.9

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, was as follows (in millions):

 
 
June 30, 2016
 
December 31, 2015
Allowance for credit losses, ending balance:
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Individually evaluated for impairment
 
$
1.5

 
$
—

 
$
1.5

 
$
1.9

 
$
0.5

 
$
2.4

Collectively evaluated for impairment
 
5.4

 
0.5

 
5.9

 
4.6

 
0.3

 
4.9

Total allowance for credit losses
 
$
6.9

 
$
0.5

 
$
7.4

 
$
6.5

 
$
0.8

 
$
7.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Finance receivables, ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
1.5

 
$
0.6

 
$
2.1

 
$
1.9

 
$
1.8

 
$
3.7

Collectively evaluated for impairment
 
313.1

 
18.3

 
331.4

 
329.5

 
20.1

 
349.6

Total finance receivables
 
$
314.6

 
$
18.9

 
$
333.5

 
$
331.4

 
$
21.9

 
$
353.3
Impaired Financing Receivables
The following tables present individually impaired finance receivables (in millions):

 
 
June 30, 2016
 
December 31, 2015
 
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Recorded investment
 
$
1.5

 
$
0.6

 
$
2.1

 
$
1.9

 
$
1.8

 
$
3.7

Related allowance
 
1.5

 
—

 
1.5

 
1.9

 
0.5

 
2.4

Average recorded investment
 
1.7

 
1.2

 
2.9

 
1.0

 
2.5

 
3.5
Past Due Financing Receivables
The following table presents analysis of aging of recorded investment in finance receivables (in millions):

 
June 30, 2016
 
Current
 
31-60 days past due
 
61-90 days past due
 
Greater than 90 days past due
 
Total past due
 
Total Finance Receivables
Commercial loans
$
312.9

 
$
1.6

 
$
—

 
$
0.1

 
$
1.7

 
$
314.6

Sales-type leases
18.2

 
0.1

 
—

 
0.6

 
0.7

 
18.9

Total finance receivables
$
331.1

 
$
1.7

 
$
—

 
$
0.7

 
$
2.4

 
$
333.5


 
December 31, 2015
 
Current
 
31-60 days past due
 
61-90 days past due
 
Greater than 90 days past due
 
Total past due
 
Total Finance Receivables
Commercial loans
$
329.6

 
$
0.8

 
$
—

 
$
1.0

 
$
1.8

 
$
331.4

Sales-type leases
20.2

 
0.5

 
—

 
1.2

 
1.7

 
21.9

Total finance receivables
$
349.8

 
$
1.3

 
$
—

 
$
2.2

 
$
3.5

 
$
353.3
Financing Receivable Credit Quality Indicators
Finance receivables by risk rating (in millions):

Rating
 
June 30, 2016
 
December 31, 2015
Superior
 
$
17.5

 
$
21.5

Above Average
 
152.7

 
159.4

Average
 
118.3

 
117.9

Below Average
 
40.6

 
44.2

Sub Standard
 
4.4

 
10.3

Total
 
$
333.5


$
353.3