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Investments in Equipment and Leases, Net (Tables)

6 Months Ended

Jun. 30, 2015

The Company’s investment in leases consists of the following (in thousands):


		Balance December 31, 2014		Reclassifications & Additions / Dispositions		Depreciation/ Amortization Expense or Amortization of Leases		Balance June 30, 2015
Net investment in operating leases	$	3,697	$	(284)	$	(168)	$	3,245
Net investment in direct financing leases		18		-		(2)		16
Assets held for sale or lease, net		785		(17)		-		768
Total	$	4,500	$	(301)	$	(170)	$	4,029

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


		Balance December 31, 2014		Additions		Reclassifications or Dispositions		Balance June 30, 2015
Transportation, rail	$	14,263	$	-	$	(310)	$	13,953
Containers		11,603		-		(1,913)		9,690
Other		350		-		(350)		-
		26,216		-		(2,573)		23,643
Less accumulated depreciation		(22,519)		(168)		2,289		(20,398)
Total	$	3,697	$	(168)	$	(284)	$	3,245

The following lists the components of the Company’s investment in direct financing leases as of June 30, 2015 and December 31, 2014 (in thousands):


		June 30,		December 31,
		2015		2014
Total minimum lease payments receivable	$	17	$	28
Estimated residual values of leased equipment (unguaranteed)		10		10
Investment in direct financing leases		27		38
Less unearned income		(11)		(20)
Net investment in direct financing leases	$	16	$	18

At June 30, 2015, the aggregate amount of future lease payments associated with operating leases is as follows (in thousands):

As of June 30, 2015, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):