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Capital Leases

12 Months Ended

Dec. 31, 2011

Note O. Capital Leases

Property under capital leases included within equipment is as follows:


	December 31,
	2011		2010
Service vehicles	$	3,739	$	3,739
Parking equipment		—		64

		3,739		3,803
Less: Accumulated depreciation		2,951		2,473

	$	788	$	1,330

Amortization expense was $542, $561 and $844 in 2011, 2010 and 2009, respectively, which is included in depreciation expense.

Future minimum lease payments under capital leases at December 31, 2011 as well as the present value of the minimum lease payments through expiration are as follows:


2012	$	633
2013		403

Total minimum payments		1,036
Less: Amounts representing interest		64

Present value of minimum payments		972
Less: Current portion		609

Total long-term portion	$	363

- Definition

The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.

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