XML 35 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments In Direct Financing Lease (Tables)
 3 Months Ended
Mar. 31, 2013
Capital Leases, Net Investment in Direct Financing Leases [Abstract]  
Summary Of Carrying Amounts Of Investments In Direct Financing Leases, Net
The following table summarizes the carrying amounts of investment in a direct financing lease, net as of March 31, 2013 and December 31, 2012 (in thousands):

 
 
March 31, 2013
 
December 31, 2012
Total minimum lease payments receivable
$
642,798

 
$
648,632

Estimated unguaranteed residual value of leased assets
211,944

 
211,944

Less deferred income (1)
(619,440
)
 
(626,487
)
Investment in a direct financing lease, net
$
235,302

 
$
234,089

 
 
 
 
(1) Deferred income is net of $1.7 million of initial direct costs at March 31, 2013 and December 31, 2012, respectively.
Future Minimum Rentals Receivable
The Company’s direct financing lease has expiration dates ranging from approximately 19 to 22 years. Future minimum rentals receivable on this direct financing lease at March 31, 2013 are as follows (in thousands): 
 
Amount
Year:
 
2013
$
17,742

2014
24,283

2015
25,011

2016
25,762

2017
26,535

Thereafter
523,465

Total
$
642,798