Harley Davidson 2015 Annual Report Download - page 68

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68
There were no finance receivables individually evaluated for impairment on December 31, 2014 or 2015. The allowance
for credit losses and finance receivables by portfolio collectively evaluated for impairment, at December 31 were as follows (in
thousands):
2015
Retail Wholesale Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment $ — $ — $ —
Collectively evaluated for impairment 139,320 7,858 147,178
Total allowance for credit losses $ 139,320 $ 7,858 $ 147,178
Finance receivables, ending balance:
Individually evaluated for impairment $ — $ — $ —
Collectively evaluated for impairment 5,991,471 1,023,860 7,015,331
Total finance receivables $ 5,991,471 $ 1,023,860 $ 7,015,331
2014
Retail Wholesale Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment $ — $ — $ —
Collectively evaluated for impairment 122,025 5,339 127,364
Total allowance for credit losses $ 122,025 $ 5,339 $ 127,364
Finance receivables, ending balance:
Individually evaluated for impairment $ — $ — $ —
Collectively evaluated for impairment 5,607,924 952,321 6,560,245
Total finance receivables $ 5,607,924 $ 952,321 $ 6,560,245
Finance receivables are considered impaired when management determines it is probable that the Company will be
unable to collect all amounts due according to the loan agreement. As retail finance receivables are collectively and not
individually reviewed for impairment, this portfolio does not have specifically impaired finance receivables. At December 31,
2015 and 2014, there were no wholesale finance receivables that were on non-accrual status or individually deemed to be
impaired under ASC Topic 310, “Receivables”.
An analysis of the aging of past due finance receivables at December 31 was as follows (in thousands):
2015
Current 31-60 Days
Past Due 61-90 Days
Past Due
Greater than
90 Days
Past Due Total
Past Due
Total
Finance
Receivables
Retail $ 5,796,003 $ 118,996 $ 43,680 $ 32,792 $ 195,468 $ 5,991,471
Wholesale 1,022,365 888 530 77 1,495 1,023,860
Total $ 6,818,368 $ 119,884 $ 44,210 $ 32,869 $ 196,963 $ 7,015,331
2014
Current 31-60 Days
Past Due 61-90 Days
Past Due
Greater than
90 Days
Past Due Total
Past Due
Total
Finance
Receivables
Retail $ 5,427,719 $ 113,007 $ 38,486 $ 28,712 $ 180,205 $ 5,607,924
Wholesale 951,660 383 72 206 661 952,321
Total $ 6,379,379 $ 113,390 $ 38,558 $ 28,918 $ 180,866 $ 6,560,245