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Financing Receivables And Allowance For Credit Losses
12 Months Ended
Sep. 30, 2011
Financing Receivables And Allowance For Credit Losses [Abstract] 
Financing Receivables And Allowance For Credit Losses

4. FINANCING RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES

A financing receivable is a contractual right to receive money, on demand or on fixed or determinable dates, that is recognized as an asset in the creditor's balance sheet. The Company's financing receivables, consisting of its short-term investment, notes receivable, and accounts receivable with contractual maturities of more than one year, and the related allowance for doubtful accounts, are presented in the following table:

 

(In millions)    September 30,
2011		  

Accounts receivable with contractual maturities of more than one year:

   

Gross amount

    $ 16.2   

Allowance for doubtful accounts

      —   
  

 

 

  

Net amount

    $ 16.2   
  

 

 

  

Amount past due

    $ 1.2   
  

 

 

  

Notes receivable:

   

Note receivable from related party

    $ 8.8   
  

 

 

  

Total note receivable

    $ 8.8   
  

 

 

  

Amount past due

    $ —   
  

 

 

  

Short-term investment

   

Total short-term investment1

   $ 19.2   
  

 

 

  

Amount past due

    $ —   
  

 

 

  

1 

Represents a loan to CPTC. See Note 16, "Variable Interest Entity."

During fiscal year 2011, the Company sold $3.6 million of accounts receivable with contractual maturities of more than one year. There was no activity in the allowance for doubtful financing receivable accounts during fiscal year 2011.