Concentration of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2015

Concentration of Credit Risk and Major Customers [Abstract]

Concentration of Credit Risk and Major Customers

3. Concentration of credit risk and major customers:

The Company leases equipment to lessees in diversified industries. Leases are subject to AFS’s credit committee review. The leases provide for the return of the equipment to the Company upon default.

As of December 31, 2015 and 2014, there were concentrations (defined as greater than or equal to 10%) of equipment leased to lessees in certain industries (as a percentage of total equipment cost) as follows:

	2015	2014
Transportation, rail	58%	45%
Transportation, containers	38%	35%

During 2015 and 2014, certain lessees generated significant portions (defined as greater than or equal to 10%) of the Company’s total lease revenues, excluding gains or losses from disposition of assets, as follows:

		Percentage of Total Lease Revenues
Lessee	Type of Equipment	2015	2014
Exsif Worldwide Inc.	Transportation, other	26%	33%
Interstate Commodities, Inc.	Transportation, rail	20%	16%