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Finance Assets and Lessor Operating Leases (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Financing Receivables
Finance receivables at June 30, 2019 and December 31, 2018 consisted of the following:
 
June 30, 2019
 
December 31, 2018
 
North America
 
International
 
Total
 
North America
 
International
 
Total
Sales-type lease receivables
 

 
 

 
 

 
 

 
 

 
 

Gross finance receivables
$
1,081,063

 
$
197,145

 
$
1,278,208

 
$
1,110,896

 
$
242,036

 
$
1,352,932

Unguaranteed residual values
45,279

 
11,676

 
56,955

 
52,637

 
12,772

 
65,409

Unearned income
(349,996
)
 
(47,367
)
 
(397,363
)
 
(383,453
)
 
(55,113
)
 
(438,566
)
Allowance for credit losses
(11,322
)
 
(2,262
)
 
(13,584
)
 
(10,252
)
 
(2,356
)
 
(12,608
)
Net investment in sales-type lease receivables
765,024

 
159,192

 
924,216

 
769,828

 
197,339

 
967,167

Loan receivables
 
 
 

 
 

 
 

 
 

 
 

Loan receivables
289,694

 
30,126

 
319,820

 
300,319

 
29,270

 
329,589

Allowance for credit losses
(6,374
)
 
(759
)
 
(7,133
)
 
(6,777
)
 
(837
)
 
(7,614
)
Net investment in loan receivables
283,320

 
29,367

 
312,687

 
293,542

 
28,433

 
321,975

Net investment in finance receivables
$
1,048,344

 
$
188,559

 
$
1,236,903

 
$
1,063,370

 
$
225,772

 
$
1,289,142
Sales-type Lease Maturity
Loans receivable are due within one year. Maturities of gross sales-type lease finance receivables at June 30, 2019 were as follows:
 
Sales-type Lease Receivables
 
North America
 
International
 
Total
Remaining for year ending December 31, 2019
$
381,156

 
$
39,908

 
$
421,064

Year ending December 31, 2020
298,935

 
56,712

 
355,647

Year ending December 31, 2021
209,673

 
44,544

 
254,217

Year ending December 31, 2022
125,705

 
29,828

 
155,533

Year ending December 31, 2023
57,256

 
16,823

 
74,079

Thereafter
8,338

 
9,330

 
17,668

Total
$
1,081,063

 
$
197,145

 
$
1,278,208
Allowance for Credit Losses on Financing Receivables
Activity in the allowance for credit losses for the six months ended June 30, 2019 and 2018 was as follows:
 
Sales-type Lease Receivables
 
Loan Receivables
 
 
 
North
America
 
International
 
North
America
 
International
 
Total
Balance at January 1, 2019
$
10,252

 
$
2,356

 
$
6,777

 
$
837

 
$
20,222

Amounts charged to expense
3,660

 
455

 
2,329

 
315

 
6,759

Write-offs and other
(2,590
)
 
(549
)
 
(2,732
)
 
(393
)
 
(6,264
)
Balance at June 30, 2019
$
11,322

 
$
2,262

 
$
6,374

 
$
759

 
$
20,717

 
 
 
 
 
 
 
 
 
 
 
Sales-type Lease Receivables
 
Loan Receivables
 
 
 
North
America
 
International
 
North
America
 
International
 
Total
Balance at January 1, 2018
$
7,721

 
$
2,794

 
$
7,098

 
$
1,020

 
$
18,633

Amounts charged to expense
5,946

 
545

 
3,506

 
250

 
10,247

Write-offs and other
(2,538
)
 
(933
)
 
(3,735
)
 
(330
)
 
(7,536
)
Balance at June 30, 2018
$
11,129

 
$
2,406

 
$
6,869

 
$
940

 
$
21,344
Past Due Financing Receivables
The aging of gross finance receivables at June 30, 2019 and December 31, 2018 was as follows:
 
June 30, 2019
 
Sales-type Lease Receivables
 
Loan Receivables
 
 
 
North
America
 
International
 
North
America
 
International
 
Total
1 - 90 days
$
1,051,352

 
$
192,135

 
$
283,809

 
$
29,866

 
$
1,557,162

> 90 days
29,711

 
5,010

 
5,885

 
260

 
40,866

Total
$
1,081,063

 
$
197,145

 
$
289,694

 
$
30,126

 
$
1,598,028

Past due amounts > 90 days
 

 
 

 
 

 
 

 
 

Still accruing interest
$
6,467

 
$
1,410

 
$
1,932

 
$
116

 
$
9,925

Not accruing interest
23,244

 
3,600

 
3,953

 
144

 
30,941

Total
$
29,711

 
$
5,010

 
$
5,885

 
$
260

 
$
40,866

 
December 31, 2018
 
Sales-type Lease Receivables
 
Loan Receivables
 
 
 
North
America
 
International
 
North
America
 
International
 
Total
1 - 90 days
$
1,069,288

 
$
238,114

 
$
294,126

 
$
29,079

 
$
1,630,607

> 90 days
41,608

 
3,922

 
6,193

 
191

 
51,914

Total
$
1,110,896

 
$
242,036

 
$
300,319

 
$
29,270

 
$
1,682,521

Past due amounts > 90 days
 

 
 

 
 

 
 

 
 

Still accruing interest
$
7,917

 
$
1,111

 
$
1,769

 
$
72

 
$
10,869

Not accruing interest
33,691

 
2,811

 
4,424

 
119

 
41,045

Total
$
41,608

 
$
3,922

 
$
6,193

 
$
191

 
$
51,914
Financing Receivable Credit Quality Indicators
 
June 30,
2019
 
December 31,
2018
Sales-type lease receivables
 

 
 

Low
$
893,068

 
$
922,414

Medium
131,312

 
131,650

High
20,930

 
22,110

Not Scored
35,753

 
34,722

Total
$
1,081,063

 
$
1,110,896

Loan receivables
 

 
 

Low
$
229,888

 
$
238,620

Medium
42,731

 
43,952

High
5,703

 
5,947

Not Scored
11,372

 
11,800

Total
$
289,694

 
$
300,319
Sales-type Lease, Lease Income
Lease income from sales-type leases for the three and six months ended June 30, 2019 and 2018 was as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Profit recognized at commencement (1)
$
34,320

 
$
39,642

 
$
70,678

 
$
86,929

Interest income
58,045

 
60,855

 
117,523

 
122,687

Total lease income from sales-type leases
$
92,365

 
$
100,497

 
$
188,201

 
$
209,616

(1) Lease contracts do not include variable lease payments.
Lessor, Payments to be Received
We also lease mailing equipment under operating leases with terms of one to five years. Maturities of these operating leases are as follows:
Remaining for year ending December 31, 2019
$
18,383

Year ending December 31, 2020
27,684

Year ending December 31, 2021
12,394

Year ending December 31, 2022
6,348

Year ending December 31, 2023
2,886

Thereafter
182

Total
$
67,877