Investments in Equipment and Leases, Net (Tables)

6 Months Ended

Jun. 30, 2013

The Company’s investment in leases consists 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	$	6,230	$	(825)	$	(338)	$	5,067
Net investment in direct financing leases		100		(42)		(48)		10
Assets held for sale or lease, net		629		666		(38)		1,257
Total	$	6,959	$	(201)	$	(424)	$	6,334

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


		Balance December 31, 2012		Additions		Reclassifications or Dispositions		Balance June 30, 2013
Containers	$	19,380	$	-	$	(595)	$	18,785
Transportation, rail		13,125		-		(1,041)		12,084
Marine vessel		4,793		-		(4,793)		-
Other		640		-		-		640
		37,938		-		(6,429)		31,509
Less accumulated depreciation		(31,708)		(338)		5,604		(26,442)
Total	$	6,230	$	(338)	$	(825)	$	5,067

The components of the Company’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	$	-	$	48
Estimated residual values of leased equipment (unguaranteed)		10		52
Investment in direct financing leases		10		100
Less unearned income		-		-
Net investment in direct financing leases	$	10	$	100

At June 30, 2013, the aggregate amount of future lease payments is as follows (in thousands):