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FINANCE RECEIVABLES (Tables)
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Finance receivables, net consisted of the following (in millions):
 
December 31,
2018
 
December 31,
2017
Commercial loans
$
154.1

 
$
174.7

Sales-type leases
46.6

 
32.0

Total finance receivables, gross
200.7

 
206.7

Allowance for credit losses
(5.5
)
 
(6.6
)
Total finance receivables, net
$
195.2

 
$
200.1

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

 
 
December 31, 2018
 
December 31, 2017
 
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Recorded investment
 
$
1.5

 
$

 
$
1.5

 
$
6.0

 
$

 
$
6.0

Related allowance
 
0.6

 

 
0.6

 
2.4

 

 
2.4

Average recorded investment
 
2.4

 

 
2.4

 
3.7

 

 
3.7

Allowance for Credit Losses on Financing Receivables
The following table presents an analysis of the allowance for credit losses (in millions):

 
 
Year Ended December 31, 2018
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
 
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Balance, beginning of period
 
$
5.7

 
$
0.9

 
$
6.6

 
$
5.9

 
$
0.4

 
$
6.3

 
$
6.5

 
$
0.8

 
$
7.3

Provision for credit losses
 
(0.5
)
 
0.6

 
0.1

 
0.2

 
0.5

 
0.7

 
0.2

 
(0.2
)
 

Charge offs
 
(1.1
)
 

 
(1.1
)
 
(0.4
)
 

 
(0.4
)
 
(0.8
)
 
(0.2
)
 
(1.0
)
Recoveries
 
(0.1
)
 

 
(0.1
)
 

 

 

 

 

 

Balance, end of period
 
$
4.0

 
$
1.5

 
$
5.5

 
$
5.7

 
$
0.9

 
$
6.6

 
$
5.9

 
$
0.4

 
$
6.3

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):

 
 
December 31, 2018
 
December 31, 2017
Allowance for credit losses, ending balance:
 
Commercial Loans
 
Sales-Type Leases
 
Total
 
Commercial Loans
 
Sales-Type Leases
 
Total
Individually evaluated for impairment
 
$
0.6

 
$

 
$
0.6

 
$
2.4

 
$

 
$
2.4

Collectively evaluated for impairment
 
3.4

 
1.5

 
4.9

 
3.3

 
0.9

 
4.2

Total allowance for credit losses
 
$
4.0

 
$
1.5

 
$
5.5

 
$
5.7

 
$
0.9

 
$
6.6

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

 
$

 
$
1.5

 
$
6.0

 
$

 
$
6.0

Collectively evaluated for impairment
 
152.6

 
46.6

 
199.2

 
168.7

 
32.0

 
200.7

Total finance receivables
 
$
154.1

 
$
46.6

 
$
200.7

 
$
174.7

 
$
32.0

 
$
206.7

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

 
December 31, 2018
 
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
$
151.6

 
$
0.1

 
$

 
$
2.4

 
$
2.5

 
$
154.1

Sales-type leases
46.4

 
0.2

 

 

 
0.2

 
46.6

Total finance receivables
$
198.0

 
$
0.3

 
$

 
$
2.4

 
$
2.7

 
$
200.7


 
December 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
$
168.7

 
$
2.1

 
$

 
$
3.9

 
$
6.0

 
$
174.7

Sales-type leases
32.0

 

 

 

 

 
32.0

Total finance receivables
$
200.7

 
$
2.1

 
$

 
$
3.9

 
$
6.0

 
$
206.7

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

Rating
 
December 31, 2018
 
December 31, 2017
Superior
 
$
8.4

 
$
3.3

Above Average
 
32.3

 
31.8

Average
 
45.1

 
73.1

Below Average
 
104.7

 
79.6

Sub Standard
 
10.2

 
18.9

Total
 
$
200.7

 
$
206.7