Net Lease Receivables Due from Leasing Agent

6 Months Ended

Jun. 30, 2011

Net Lease Receivables Due from Leasing Agent [Abstract]

Net Lease Receivables Due from Leasing Agent

(2) Net Lease Receivables Due from Leasing Agent

Net lease receivables due from Leasing Agent at June 30, 2011 and December 31, 2010 comprised:

	June 30,		December 31,
	2011		2010
Gross lease receivables	$	466,539	$	367,051
Less:
Direct operating expenses payable		60,923		77,823
Base management fees payable		16,868		18,309
Reimbursable administrative expenses payable		4,807		5,072
Allowance for doubtful accounts		22,301		22,884
Net lease receivables due from Leasing Agent	$	361,640	$	242,963

Included within the amount of gross lease receivables are $110,205 and $44,997 in respect of amounts owed by the Leasing Agent in relation to disposal related invoices at June 30, 2011 and December 31, 2010, respectively.

At June 30, 2011 and December 31, 2010, respectively, amounts of $39 and $2,001 were recorded as doubtful debt expense. In addition, $51 and $309 were written-off in the three months ended June 30, 2011 and 2010, respectively. In the six months ended June 30, 2011 and 2010, respectively, $622 and $511 were written-off.