Investments in Equipment and Leases, Net (Tables)

9 Months Ended

Sep. 30, 2013

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

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 September 30, 2013
Net investment in operating leases	$	6,230	$	(1,104)	$	(492)	$	4,634
Net investment in direct financing leases		100		(52)		(48)		-
Assets held for sale or lease, net		629		702		(38)		1,293
Total	$	6,959	$	(454)	$	(578)	$	5,927

Property on Operating Leases

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

		Balance December 31, 2012		Additions		Reclassifications or Dispositions		Balance September 30, 2013
Containers	$	19,380	$	-	$	(1,976)	$	17,404
Transportation, rail		13,125		-		(1,731)		11,394
Marine vessel		4,793		-		(4,793)		-
Other		640		-		-		640
		37,938		-		(8,500)		29,438
Less accumulated depreciation		(31,708)		(492)		7,396		(24,804)
Total	$	6,230	$	(492)	$	(1,104)	$	4,634

Components of Partnership's Investment in Direct Financing Leases

The components of the Company’s investment in direct financing leases as of December 31, 2012 are as follows (in thousands):

		December 31, 2012
Total minimum lease payments receivable	$	48
Estimated residual values of leased equipment (unguaranteed)		52
Investment in direct financing leases		100
Less unearned income		-
Net investment in direct financing leases	$	100

Future Minimum Lease Payments Receivable

At September 30, 2013, the aggregate amount of future lease payments associated with operating leases is as follows (in thousands):

		Operating Leases
Three months ending December 31, 2013	$	386
Year ending December 31, 2014		1,199
2015		568
2016		280
2017		263
2018		75
	$	2,771