Allowance for Losses

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Allowance for Losses

We had total loans outstanding of $97.3 million at December 31, 2014 and $122.7 million at December 31, 2013. No loans were impaired at December 31, 2014 or 2013. In January 2015, Ahaus Alstätter Eisenbahn Cargo AG (“AAE”) repaid its outstanding loan in the amount of of €68.2 million ($77.0 million), including €67.5 million ($76.2 million) of remaining principal and €0.7 million ($0.8 million) of accrued interest.

The following table shows scheduled loan principal payments due by year at December 31, 2014 (in millions):

2015	$	86.4
2016	4.3
2017	2.0
2018	4.6
2019	—
Thereafter	—
	$	97.3

The following table shows changes in the allowance for losses at December 31 (in millions):

	2014			2013
Beginning balance	$	5.2		$	4.6
Provision for losses	0.8			0.7
Charges to allowance	(0.3		)	—
Recoveries and other, including foreign exchange adjustments	—			(0.1		)
Ending balance	$	5.7		$	5.2

The allowance for losses is comprised of a general allowance for trade receivables and specific allowances for finance leases. As of December 31, 2014, the general allowance for trade receivables was $4.5 million, or 5.2% of rent and other receivables, compared to $4.0 million, or 4.9% of rent and other receivables, at December 31, 2013. At December 31, 2014, specific allowances of $1.2 million were comparable to prior year.