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FINANCE RECEIVABLES (Tables) | 3 Months Ended
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Mar. 31, 2018
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Finance receivables, net consisted of the following (in millions):
| March 31, 2018 |  | December 31, 2017
Commercial loans | $ | 131.3 |  |  | $ | 180.2 |
Sales-type leases | 41.9 |  |  | 26.5 |
Total finance receivables, gross | 173.2 |  |  | 206.7 |
Allowance for credit losses | (3.8 | ) |  | (6.6 | )
Total finance receivables, net | $ | 169.4 |  |  | $ | 200.1 |
Allowance for Credit Losses on Financing Receivables | 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, 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 |  | $ | 0.2 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 2.4 |
Collectively evaluated for impairment |  | 2.1 |  |  | 1.5 |  |  | 3.6 |  |  | 3.3 |  |  | 0.9 |  |  | 4.2 |
Total allowance for credit losses |  | $ | 2.3 |  |  | $ | 1.5 |  |  | $ | 3.8 |  |  | $ | 5.7 |  |  | $ | 0.9 |  |  | $ | 6.6 |
Finance receivables, ending balance: |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 1.0 |  |  | $ | — |  |  | $ | 1.0 |  |  | $ | 6.0 |  |  | $ | — |  |  | $ | 6.0 |
Collectively evaluated for impairment |  | 130.3 |  |  | 41.9 |  |  | 172.2 |  |  | 174.2 |  |  | 26.5 |  |  | 200.7 |
Total finance receivables |  | $ | 131.3 |  |  | $ | 41.9 |  |  | $ | 173.2 |  |  | $ | 180.2 |  |  | $ | 26.5 |  |  | $ | 206.7 |
The following table presents an analysis of the allowance for credit losses (in millions):
|  | Three Months Ended March 31, 2018 |  | Three Months Ended March 31, 2017
|  | 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 |
Provision for credit losses |  | (2.3 | ) |  | 0.6 |  |  | (1.7 | ) |  | (0.3 | ) |  | — |  |  | (0.3 | )
Charge offs |  | (1.1 | ) |  | — |  |  | (1.1 | ) |  | — |  |  | — |  |  | — |
Balance, end of period |  | $ | 2.3 |  |  | $ | 1.5 |  |  | $ | 3.8 |  |  | $ | 5.6 |  |  | $ | 0.4 |  |  | $ | 6.0 |
Impaired Financing Receivables | The following table presents individually impaired finance receivables (in millions):
|  | March 31, 2018 |  | December 31, 2017
|  | Commercial Loans |  | Sales-Type Leases |  | Total |  | Commercial Loans |  | Sales-Type Leases |  | Total
Recorded investment |  | $ | 1.0 |  |  | $ | — |  |  | $ | 1.0 |  |  | $ | 6.0 |  |  | $ | — |  |  | $ | 6.0 |
Related allowance |  | 0.2 |  |  | — |  |  | 0.2 |  |  | 2.4 |  |  | — |  |  | 2.4 |
Average recorded investment |  | 4.4 |  |  | — |  |  | 4.4 |  |  | 3.7 |  |  | — |  |  | 3.7 |
Past Due Financing Receivables | The following tables present analysis of aging of recorded investment in finance receivables (in millions):
| March 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 | $ | 118.4 |  |  | $ | 4.2 |  |  | $ | 7.3 |  |  | $ | 1.4 |  |  | $ | 12.9 |  |  | $ | 131.3 |
Sales-type leases | 41.6 |  |  | 0.3 |  |  | — |  |  | — |  |  | 0.3 |  |  | 41.9 |
Total finance receivables | $ | 160.0 |  |  | $ | 4.5 |  |  | $ | 7.3 |  |  | $ | 1.4 |  |  | $ | 13.2 |  |  | $ | 173.2 |
| 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 | $ | 174.2 |  |  | $ | 2.1 |  |  | $ | — |  |  | $ | 3.9 |  |  | $ | 6.0 |  |  | $ | 180.2 |
Sales-type leases | 26.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 26.5 |
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 |  | March 31, 2018 |  | December 31, 2017
Superior |  | $ | 4.2 |  |  | $ | 3.3 |
Above Average |  | 32.3 |  |  | 31.8 |
Average |  | 35.3 |  |  | 73.1 |
Below Average |  | 82.3 |  |  | 79.6 |
Sub Standard |  | 19.1 |  |  | 18.9 |
Total |  | $ | 173.2 |  |  | $ | 206.7 |
During the three months ended March 31, 2018, the Company reduced its portfolio relative to 2017 by syndicating its finance receivables to financial institutions. The receivables sold were primarily rated Average. The Company believes the finance receivables retained, net of allowance for credit losses, are collectible.

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5212-111524 + Details
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- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953401-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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