Invacare 2014 Annual Report Download - page 84

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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-14
Installment receivables by class as of December 31, 2014 consist of the following (in thousands):
Total
Installment
Receivables
Unpaid
Principal
Balance
Related
Allowance
for
Doubtful
Accounts
Interest
Income
Recognized
U.S.
Impaired installment receivables with a
related allowance recorded. . . . . . . . . . . . . . $ 6,735 $ 6,735 $ 5,786 $ —
Canada
Non-Impaired installment receivables with
no related allowance recorded . . . . . . . . . . . 1,008 962 — 82
Impaired installment receivables with a
related allowance recorded. . . . . . . . . . . . . . 66 66 66 —
Total Canadian installment receivables . . . . $ 1,074 $ 1,028 $ 66 $ 82
Total
Non-Impaired installment receivables with
no related allowance recorded . . . . . . . . . . . 1,008 962 — 82
Impaired installment receivables with a
related allowance recorded. . . . . . . . . . . . . . 6,801 6,801 5,852 —
Total installment receivables . . . . . . . . . . . . $ 7,809 $ 7,763 $ 5,852 $ 82
Installment receivables by class as of December 31, 2013 consist of the following (in thousands):
Total
Installment
Receivables
Unpaid
Principal
Balance
Related
Allowance
for
Doubtful
Accounts
Interest
Income
Recognized
U.S.
Impaired installment receivables with a
related allowance recorded. . . . . . . . . . . . . . $ 7,464 $ 7,464 $ 5,951 $ —
Canada
Non-Impaired installment receivables with
no related allowance recorded . . . . . . . . . . . 1,367 1,306 — 101
Impaired installment receivables with a
related allowance recorded. . . . . . . . . . . . . . 88 88 88 —
Total Canadian installment receivables . . . . $ 1,455 $ 1,394 $ 88 $ 101
Total
Non-Impaired installment receivables with
no related allowance recorded . . . . . . . . . . . 1,367 1,306 — 101
Impaired installment receivables with a
related allowance recorded. . . . . . . . . . . . . . 7,552 7,552 6,039 —
Total installment receivables . . . . . . . . . . . . $ 8,919 $ 8,858 $ 6,039 $ 101
Installment receivables with a related allowance recorded as noted in the table above represent those installment receivables
on a non-accrual basis in accordance with ASU 2010-20. As of December 31, 2014, the Company had no U.S. installment receivables
past due of 90 days or more for which the Company is still accruing interest. Individually, all U.S. installment receivables are
assigned a specific allowance for doubtful accounts based on management’s review when the Company does not expect to receive
both the contractual principal and interest payments as specified in the loan agreement.
In Canada, the Company had an immaterial amount of installment receivables which were past due of 90 days or more as
of December 31, 2014 and December 31, 2013 for which the Company is still accruing interest.