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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-14
Installment receivables as of December 31, 2015 and 2014 consist of the following (in thousands):
2015 2014
Current
Long-
Term Total Current
Long-
Term Total
Installment receivables. . . . . . . $ 2,309 $ 2,318 $ 4,627 $ 2,692 $ 5,117 $ 7,809
Less: . . . . . . . . . . . . . . . . . . . . .
Unearned interest . . . . . . . . . . . (42) — (42)(46) — (46)
2,267 2,318 4,585 2,646 5,117 7,763
Allowance for doubtful
accounts . . . . . . . . . . . . . . . . . . (1,122) (1,670) (2,792)(1,592)(4,260)(5,852)
$ 1,145 $ 648 $ 1,793 $ 1,054 $ 857 $ 1,911
Installment receivables purchased from DLL during the twelve months ended December 31, 2015 increased the gross
installment receivables balance by $936,000 during the year compared to $2,123,000 in 2014. No sales of installment receivables
were made by the company during the year.
The movement in the installment receivables allowance for doubtful accounts was as follows (in thousands):
2015 2014
Balance as of January 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,852 $ 6,039
Current period (benefit) provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (332) 796
Direct write-offs charged against the allowance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,728)(983)
Balance as of December 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,792 $ 5,852
Installment receivables by class as of December 31, 2015 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. . . . . . . . . . . . . . $ 3,618 $ 3,618 $ 2,729 $ —
Canada
Non-Impaired installment receivables with
no related allowance recorded . . . . . . . . . . . 946 904 — 52
Impaired installment receivables with a
related allowance recorded. . . . . . . . . . . . . . 63 63 63 —
Total Canadian installment receivables . . . . $ 1,009 $ 967 $ 63 $ 52
Total
Non-Impaired installment receivables with
no related allowance recorded . . . . . . . . . . . 946 904 — 52
Impaired installment receivables with a
related allowance recorded. . . . . . . . . . . . . . 3,681 3,681 2,792 —
Total installment receivables . . . . . . . . . . . . $ 4,627 $ 4,585 $ 2,792 $ 52