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Receivables
 12 Months Ended
Sep. 30, 2013
Receivables  
Financing Receivables
4.
RECEIVABLES

See Note 1 for information about our receivables accounting policies.

Allowances For Credit Losses

September 30,
 
2013
  
2012
  
2011
 
Accounts Receivable:
 
  
  
 
Beginning balance
 
$
19.1
  
$
17.6
  
$
24.6
 
Charge-offs
  
(3.1
)
  
(2.8
)
  
(10.7
)
Recoveries
  
0.1
   
1.1
   
0.1
 
Provisions
  
6.2
   
3.2
   
3.6
 
Ending balance
 
$
22.3
  
$
19.1
  
$
17.6
 
 
            
Customer Financing:
            
Beginning balance
 
$
72.8
  
$
71.4
  
$
78.4
 
Charge-offs
  
-
   
(10.4
)
  
(9.3
)
Recoveries
  
-
   
-
   
-
 
Provisions
  
5.7
   
11.8
   
2.3
 
Ending balance
 
$
78.5
  
$
72.8
  
$
71.4
 
Current
 
$
67.7
  
$
51.6
  
$
41.7
 
Non-current
 
$
10.8
  
$
21.2
  
$
29.7
 

Other Customer Financing Information

Estimated future collections
 
 
2014
  
 
2015
  
 
2016
  
 
2017
  
 
2018
  
 
Thereafter
  
 
Total
 
Notes
 
$
27.7
  
$
1.0
  
$
-
  
$
-
  
$
-
  
$
-
  
$
28.7
 
Contracts
  
201.6
   
101.2
   
42.3
   
19.5
   
1.6
   
-
   
366.2
 
 
 
$
229.3
  
$
102.2
  
$
42.3
  
$
19.5
  
$
1.6
  
$
-
  
$
394.9
 

Periods Ended September 30,
 
2013
  
2012
 
Recorded Investment:  Principal and interest due, net of deferred interest and fees of:
 
$
7.0
  
$
8.1
 
 
        
Individually evaluated for impairment
 
$
82.4
  
$
123.2
 
Collectively evaluated for impairment
  
391.0
   
307.1
 
Total
 
$
473.4
  
$
430.3
 
 
        
Allowances for Credit Losses
        
Individually evaluated for impairment
 
$
63.4
  
$
59.9
 
Collectively evaluated for impairment
  
15.1
   
12.9
 
Total
 
$
78.5
  
$
72.8
 

Age Analysis of Recorded Investment
 
September 30, 2013
  
September 30, 2012
 
 
 
Contracts
  
Notes
  
Total
  
Contracts
  
Notes
  
Total
 
Past Due:
 
  
  
  
  
  
 
1-29 days
 
$
18.4
  
$
1.5
  
$
19.9
  
$
6.6
  
$
-
  
$
6.6
 
30-59 days
  
5.1
   
1.4
   
6.5
   
6.0
   
1.4
   
7.4
 
60-89 days
  
4.5
   
1.3
   
5.8
   
1.4
   
1.4
   
2.8
 
Over 90 days
  
16.1
   
54.9
   
71.0
   
6.3
   
40.0
   
46.3
 
Total past due
 
$
44.1
  
$
59.1
  
$
103.2
  
$
20.3
  
$
42.8
  
$
63.1
 
Total current (2)
  
339.1
   
31.1
   
370.2
   
288.1
   
79.1
   
367.2
 
Grand total
 
$
383.2
  
$
90.2
  
$
473.4
  
$
308.4
  
$
121.9
  
$
430.3
 
 
                        
Over 90 days and accruing interest
 
$
-
  
$
1.3
  
$
1.3
  
$
1.4
  
$
0.3
  
$
1.7
 
Nonaccrual status (not accruing interest)
  
13.5
   
76.2
   
89.7
   
13.8
   
75.0
   
88.8
 

(2)includes impaired Alabama note of $18.8 million in 2013 and $35.0 million in 2012 (see Note 20)

Recorded Investment by Credit Quality Indicator Using Credit Profile by Internally Assigned Risk Grade
 
 
 
September 30, 2013
  
September 30, 2012
 
 
 
Contracts
  
Notes
  
Total
  
Contracts
  
Notes
  
Total
 
Low
 
$
126.1
  
$
-
  
$
126.1
  
$
87.8
  
$
-
  
$
87.8
 
Medium
  
100.2
   
0.1
   
100.3
   
68.3
   
0.2
   
68.5
 
High (3)
  
156.9
   
90.1
   
247.0
   
152.3
   
121.7
   
274.0
 
Total recorded investment
 
$
383.2
  
$
90.2
  
$
473.4
  
$
308.4
  
$
121.9
  
$
430.3
 

(3)includes $75.0 million of impaired Alabama note receivable (see Note 20)

Impaired loans
 
September 30, 2013
  
September 30, 2012
 
 
 
Contracts
  
Notes
  
Total
  
Contracts
  
Notes
  
Total
 
Recorded investment
 
$
5.7
  
$
75.0
  
$
80.7
  
$
2.5
  
$
75.0
  
$
77.5
 
Unpaid principal face
  
5.8
   
75.0
   
80.8
   
2.5
   
75.0
   
77.5
 
Related allowance
  
2.6
   
60.8
   
63.4
   
1.4
   
58.5
   
59.9
 
Average recorded investment
  
4.1
   
75.0
   
79.1
   
3.9
   
79.5
   
83.4
 

Interest income recognized on impaired contracts totaled $0.5 million (accrual basis) in 2013 and zero in 2012.