Investments In Equipment And Leases, Net (Tables)

6 Months Ended

Jun. 30, 2013

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

The Partnership’s investments in equipment and leases consist of the following (in thousands):

		Balance December 31, 2012		Reclassifications & Additions / Dispositions		Depreciation/ Amortization Expense or Amortization of Leases		Balance June 30, 2013
Net investment in operating leases	$	5,284	$	(1,352)	$	(219)	$	3,713
Net investment in direct financing leases		197		(15)		(132)		50
Assets held for sale or lease, net		1,284		1,335		-		2,619
Total	$	6,765	$	(32)	$	(351)	$	6,382

Property on Operating Leases

Property on operating leases consists of the following (in thousands):

		Balance December 31, 2012		Additions		Reclassifications or Dispositions		Balance June 30, 2013
Transportation	$	28,689	$	-	$	(181)	$	28,508
Marine vessels		7,400		-		(7,400)		-
Materials handling		83		-		-		83
		36,172		-		(7,581)		28,591
Less accumulated depreciation		(30,888)		(219)		6,229		(24,878)
Total	$	5,284	$	(219)	$	(1,352)	$	3,713

Components of Partnership's Investment in Direct Financing Leases

The components of the Partnership’s investment in direct financing leases as of June 30, 2013 and December 31, 2012 are as follows (in thousands):

		June 30, 2013		December 31, 2012
Total minimum lease payments receivable	$	-	$	165
Estimated residual values of leased equipment (unguaranteed)		50		65
Investment in direct financing leases		50		230
Less unearned income		-		(33)
Net investment in direct financing leases	$	50	$	197

Future Minimum Lease Payments Receivable

At June 30, 2013, the aggregate amounts of future minimum lease payments are as follows (in thousands):

		Operating Leases
Six months ending December 31, 2013	$	966
Year ending December 31, 2014		724
2015		631
2016		337
2017		311
2018		78
	$	3,047