XML 41 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
FINANCING RECEIVABLES (Tables)
9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Schedule of Components of Short Term Payment Plans These receivables, included in the current portion of financing receivables, were comprised of the following at September 30, 2022 and December 31, 2021:
(In thousands)September 30,
2022
December 31, 2021
Short-term payment plans, gross$402 $121 
Less: allowance for losses(20)(6)
Short-term payment plans, net$382 $115 
Components of Lease Receivables The components of these receivables were as follows at September 30, 2022 and December 31, 2021:
(In thousands)September 30,
2022
December 31, 2021
Long-term financing arrangements, gross$10,291 $15,659 
Less: allowance for expected credit losses(607)(716)
Less: unearned income(811)(1,339)
Long-term financing arrangements, net$8,873 $13,604 
Future Minimum Lease Payments to be Received Future minimum payments to be received subsequent to September 30, 2022 are as follows:
(In thousands)
Years Ending December 31,
2022$2,744 
20234,146 
20242,315 
2025948 
2026117 
Thereafter21 
Total minimum payments to be received10,291 
Less: allowance for expected credit losses(607)
Less: unearned income(811)
Receivables, net$8,873 
Allowance for Financing Credit Losses The following table is a roll-forward of the allowance for expected credit losses for the nine months ended September 30, 2022 and year ended December 31, 2021:
(In thousands)Balance at Beginning of PeriodProvisionCharge-offsRecoveriesBalance at End of Period
September 30, 2022$722 $(133)$38 $— $627 
December 31, 2021$1,489 $481 $(1,248)$— $722 
Analysis of Age of Financing Receivables Amounts The following is an analysis of the age of financing receivables amounts (excluding short-term payment plans) that have been reclassified to trade accounts receivable and were past due as of September 30, 2022 and December 31, 2021:
(In thousands)1 to 90 Days Past Due91 to 180 Days Past Due181 + Days Past DueTotal Past Due
September 30, 2022$1,052 $201 $270 $1,523 
December 31, 2021$713 $78 $73 $864 
Schedule of Financing Receivable Credit Quality Indicators The table below categorizes customer financing receivable balances (excluding short-term payment plans) based on the age of the oldest payment outstanding that has been reclassified to trade accounts receivable:
(In thousands)September 30,
2022
December 31, 2021
Stratification of uninvoiced client financing receivables based on aging of related trade accounts receivable:
Uninvoiced client financing receivables related to trade accounts receivable that are 1 to 90 Days Past Due$4,985 $9,100 
Uninvoiced client financing receivables related to trade accounts receivable that are 91 to 180 Days Past Due
2,237 329 
Uninvoiced client financing receivables related to trade accounts receivable that are 181 + Days Past Due
867 386 
Total uninvoiced client financing receivables balances of clients with a trade accounts receivable$8,089 $9,815 
Total uninvoiced client financing receivables of clients with no related trade accounts receivable1,391 4,505 
Total financing receivables with contractual maturities of one year or less402 121 
Less: allowance for expected credit losses(627)(722)
Total financing receivables$9,255 $13,719