|
|
|
As of February 28 or 29 |
||||||||
|
(In millions) |
|
|
2013 |
|
% (1) |
|
|
2012 |
|
% (1) |
|
Balance as of beginning of year |
|
$ |
43.3 |
|
0.9 |
|
$ |
38.9 |
|
0.9 |
|
Charge-offs |
|
|
(103.1) |
|
|
|
|
(92.7) |
|
|
|
Recoveries |
|
|
60.9 |
|
|
|
|
60.7 |
|
|
|
Provision for loan losses |
|
|
56.2 |
|
|
|
|
36.4 |
|
|
|
Balance as of end of year |
|
$ |
57.3 |
|
1.0 |
|
$ |
43.3 |
|
0.9 |
(1) Percent of total ending managed receivables as of the corresponding reporting date.