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FINANCE RECEIVABLES (Tables)
 3 Months Ended
Mar. 31, 2017
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Finance receivables, net consisted of the following (in millions):
 
March 31,
2017
 
December 31,
2016
Commercial loans
$
223.8

 
$
226.4

Sales-type leases
16.6

 
16.4

Total finance receivables, gross
240.4

 
242.8

Allowance for credit losses
(6.0
)
 
(6.3
)
Total finance receivables, net
$
234.4

 
$
236.5
Allowance for Credit Losses on Financing Receivables
The following table presents an analysis of the allowance for credit losses:

 
 
 
 
Three Months Ended
March 31, 2017
 
Three Months Ended
March 31, 2016
 
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Balance, beginning of period
 
$
5.9

 
0.4

 
$
6.3

 
$
6.5

 
$
0.8

 
$
7.3

Provision for credit losses
 
(0.3
)
 
—

 
(0.3
)
 
(0.1
)
 
0.3

 
0.2

Charge offs
 
—

 
—

 
—

 
—

 
—

 
—

Recoveries
 
—

 
—

 
—

 
—

 
—

 
—

Balance, end of period
 
$
5.6

 
$
0.4

 
$
6.0

 
$
6.4

 
$
1.1

 
$
7.5

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):

 
 
March 31, 2017
 
December 31, 2016
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

 
$
1.6

 
$
—

 
$
1.6

Collectively evaluated for impairment
 
4.1

 
0.4

 
4.5

 
4.3

 
0.4

 
4.7

Total allowance for credit losses
 
$
5.6

 
$
0.4

 
$
6.0

 
$
5.9

 
$
0.4

 
$
6.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Finance receivables, ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
2.4

 
$
—

 
$
2.4

 
$
1.6

 
$
—

 
$
1.6

Collectively evaluated for impairment
 
221.4

 
16.6

 
238.0

 
224.8

 
16.4

 
241.2

Total finance receivables
 
$
223.8

 
$
16.6

 
$
240.4

 
$
226.4

 
$
16.4

 
$
242.8
Impaired Financing Receivables
The following table presents individually impaired finance receivables (in millions):

 
 
March 31, 2017
 
December 31, 2016
 
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Recorded investment
 
$
2.4

 
$
—

 
$
2.4

 
$
1.6

 
$
—

 
$
1.6

Related allowance
 
1.5

 
—

 
1.5

 
1.6

 
—

 
1.6

Average recorded investment
 
2.4

 
—

 
2.4

 
1.7

 
0.9

 
2.6
Past Due Financing Receivables
The following tables present analyses of aging of recorded investment in finance receivables (in millions):

 
March 31, 2017
 
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
$
216.8

 
$
5.1

 
$
0.2

 
$
1.7

 
$
7.0

 
$
223.8

Sales-type leases
16.0

 
—

 
—

 
0.6

 
0.6

 
16.6

Total finance receivables
$
232.8

 
$
5.1

 
$
0.2

 
$
2.3

 
$
7.6

 
$
240.4


 
December 31, 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
$
224.2

 
$
0.6

 
$
0.2

 
$
1.4

 
$
2.2

 
$
226.4

Sales-type leases
15.8

 
—

 
0.6

 
—

 
0.6

 
16.4

Total finance receivables
$
240.0

 
$
0.6

 
$
0.8

 
$
1.4

 
$
2.8

 
$
242.8
Financing Receivable Credit Quality Indicators
Finance receivables by risk rating (in millions):

Rating
 
March 31, 2017
 
December 31, 2016
Superior
 
$
9.1

 
$
9.6

Above Average
 
62.5

 
64.7

Average
 
102.3

 
111.3

Below Average
 
61.5

 
53.0

Sub Standard
 
5.0

 
4.2

Total
 
$
240.4


$
242.8