0001144204-12-061561.txt : 20121113 0001144204-12-061561.hdr.sgml : 20121112 20121113153414 ACCESSION NUMBER: 0001144204-12-061561 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121113 DATE AS OF CHANGE: 20121113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATEL CAPITAL EQUIPMENT FUND IX LLC CENTRAL INDEX KEY: 0001125264 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 943375584 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-50210 FILM NUMBER: 121198532 BUSINESS ADDRESS: STREET 1: 600 CALIFORNIA STREET STREET 2: 6TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94108 BUSINESS PHONE: 4159898800 MAIL ADDRESS: STREET 1: 600 CALIFORNIA STREET STREET 2: 6TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94108 10-Q 1 v325348_fund9-10q.htm FORM 10-Q

  

  

 

  

Form 10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
x   Quarterly Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934.

For the quarterly period ended September 30, 2012

 
o   Transition Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934.

For the transition period from          to         

Commission File number 000-50210

ATEL Capital Equipment Fund IX, LLC

(Exact name of registrant as specified in its charter)

 
California   94-3375584
(State or other jurisdiction of
Incorporation or organization)
  (I. R. S. Employer
Identification No.)

600 California Street, 6th Floor, San Francisco, California 94108-2733
(Address of principal executive offices)

Registrant’s telephone number, including area code (415) 989-8800

Securities registered pursuant to section 12(b) of the Act: None

Securities registered pursuant to section 12(g) of the Act: Limited Liability Company Units

Indicate by a check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “accelerated filer, large accelerated filer and smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o     Accelerated filer o     Non-accelerated filer o     Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x

The number of Limited Liability Company Units outstanding as of October 31, 2012 was 12,055,016.

DOCUMENTS INCORPORATED BY REFERENCE

None.

 


 
 

TABLE OF CONTENTS

ATEL CAPITAL EQUIPMENT FUND IX, LLC

Index

 

Part I.

Financial Information

        

Item 1.

Financial Statements (Unaudited)

    3  
Balance Sheets, September 30, 2012 and December 31, 2011     3  
Statements of Income for the three and nine months ended September 30, 2012 and 2011     4  
Statements of Changes in Members’ Capital for the year ended December 31, 2011 and for the nine months ended September 30, 2012     5  
Statements of Cash Flows for the three and nine months ended September 30, 2012 and 2011     6  
Notes to the Financial Statements     7  

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

    22  

Item 4.

Controls and Procedures

    26  

Part II.

Other Information

        

Item 1.

Legal Proceedings

    27  

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

    27  

Item 3.

Defaults Upon Senior Securities

    27  

Item 4.

Mine Safety Disclosures

    27  

Item 5.

Other Information

    27  

Item 6.

Exhibits

    27  

2


 
 

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited).

ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
BALANCE SHEETS
  
SEPTEMBER 30, 2012 AND DECEMBER 31, 2011
(in thousands)
(Unaudited)

   
  September 30, 2012   December 31, 2011
ASSETS
                 
Cash and cash equivalents   $     5,022     $     5,593  
Accounts receivable, net of allowance for doubtful accounts of $5 at September 30, 2012 and $70 at December 31, 2011     1,316       900  
Notes receivable, net of unearned interest income of $162 and allowance for credit losses of $54 at September 30, 2012 and net of unearned interest income of $255 at December 31, 2011     1,122       1,721  
Prepaid expenses and other assets     73       36  
Investment in securities     5        
Investments in equipment and leases, net of accumulated depreciation of $41,123 at September 30, 2012 and $41,511 at December 31, 2011     27,223       31,192  
Total assets   $ 34,761     $ 39,442  
LIABILITIES AND MEMBERS’ CAPITAL
                 
Accounts payable and accrued liabilities:
                 
Managing Member   $ 40     $ 76  
Other     428       467  
Deposits due lessees     49       49  
Non-recourse debt     18,411       21,394  
Unearned operating lease income     234       259  
Total liabilities     19,162       22,245  
Commitments and contingencies
                 
Members’ capital:
                 
Managing Member            
Other Members     15,599       17,197  
Total Members’ capital     15,599       17,197  
Total liabilities and Members’ capital   $ 34,761     $ 39,442  

See accompanying notes.

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TABLE OF CONTENTS

ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
STATEMENTS OF INCOME
  
FOR THE THREE AND NINE MONTHS ENDED
SEPTEMBER 30, 2012 AND 2011
(in thousands, except per unit data)
(Unaudited)

       
  Three Months Ended September 30,   Nine Months Ended September 30,
     2012   2011   2012   2011
Revenues:
                                   
Leasing and lending activities:
                                   
Operating leases   $ 2,126     $ 2,468     $ 6,799     $ 7,078  
Direct financing leases     821       908       2,550       3,170  
Interest on notes receivable     24       59       92       195  
Gain on sales of lease assets     28       89       250       640  
Gain from settlement of lease asset casualty     350             350        
Unrealized gain on securities                 5        
(Loss) gain on sale or disposition of securities and warrants           (2 )      12       71  
Other revenue     47       62       113       137  
Total revenues     3,396       3,584       10,171       11,291  
Expenses:
                                   
Depreciation of operating lease assets     813       1,208       2,547       3,777  
Asset management fees to Managing Member and/or affiliates     157       201       463       576  
Acquisition expense                       (2 ) 
Cost reimbursements to Managing Member and/or affiliates     191       218       602       669  
(Reversal of provision) provision for credit losses     (8 )      57       (11 )      (95 ) 
Impairment losses     18       65       72       65  
Provision for losses on investment in securities                       41  
Amortization of initial direct costs     6       9       19       28  
Other management fees     23       24       68       66  
Interest expense     308       373       972       1,168  
Professional fees     45       13       130       95  
Outside services     10       13       33       32  
Insurance     22       18       69       49  
Marine vessel maintenance and other operating costs     242       196       650       534  
Other     71       67       285       289  
Total operating expenses     1,898       2,462       5,899       7,292  
Other expense, net           (7 )      (5 )      (7 ) 
Net income   $ 1,498     $ 1,115     $ 4,267     $ 3,992  
Net income:
                                   
Managing Member   $ 147     $ 147     $ 440     $ 440  
Other Members     1,351       968       3,827       3,552  
     $ 1,498     $ 1,115     $ 4,267     $ 3,992  
Net income per Limited Liability Company Unit (Other Members)   $ 0.11     $ 0.08     $ 0.32     $ 0.29  
Weighted average number of Units outstanding     12,055,016       12,055,016       12,055,016       12,055,016  

See accompanying notes.

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TABLE OF CONTENTS

ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
STATEMENTS OF CHANGES IN MEMBERS’ CAPITAL
  
FOR THE YEAR ENDED DECEMBER 31, 2011
AND FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 2012
(in thousands, except per unit data)
(Unaudited)

       
  Other Members   Managing Member   Total
     Units   Amount
Balance December 31, 2010     12,055,016     $      19,645     $       —     $    19,645  
Distributions to Other Members
($0.60 per Unit)
          (7,233 )            (7,233 ) 
Distributions to Managing Member                 (586 )      (586 ) 
Net income           4,785       586       5,371  
Balance December 31, 2011     12,055,016       17,197             17,197  
Distributions to Other Members
($0.45 per Unit)
          (5,425 )            (5,425 ) 
Distributions to Managing Member                 (440 )      (440 ) 
Net income           3,827       440       4,267  
Balance September 30, 2012     12,055,016     $ 15,599     $     $ 15,599  

See accompanying notes.

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TABLE OF CONTENTS

ATEL CAPITAL EQUIPMENT FUND IX, LLC

  
STATEMENTS OF CASH FLOWS
  
FOR THE THREE AND NINE MONTHS ENDED
SEPTEMBER 30, 2012 AND 2011
(in thousands)
(Unaudited)

       
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
     2012   2011   2012   2011
Operating activities:
                                   
Net income   $     1,498     $     1,115     $     4,267     $     3,992  
Adjustments to reconcile net income to cash provided by operating activities:
                                   
Gain on sales of lease assets     (28 )      (89 )      (250 )      (640 ) 
Gain from settlement of lease asset casualty     (350 )            (350 )       
Unrealized gain on securities                 (5 )       
Loss (gain) on sales or disposition of securities           2       (12 )      (71 ) 
Depreciation of operating lease assets     813       1,208       2,547       3,777  
Amortization of initial direct costs     6       9       19       28  
(Reversal of provision) provision for credit losses     (8 )      57       (11 )      (95 ) 
Impairment losses     18       65       72       65  
Provision for losses on investment in securities                       41  
Gain on interest rate swap contracts           (1 )            (5 ) 
Changes in operating assets and liabilities:
                                   
Due to affiliates           3             3  
Accounts receivable     (101 )      (45 )      89       126  
Prepaid expenses and other assets     (15 )      15       (37 )      24  
Accounts payable, Managing Member     15       21       (36 )      (19 ) 
Accounts payable, other     (26 )      18       (39 )      (278 ) 
Deposits due lessees                       (41 ) 
Unearned operating lease income     (159 )      (74 )      (25 )      (20 ) 
Net cash provided by operating activities     1,663       2,304       6,229       6,887  
Investing activities:
                                   
Purchases and improvements to operating leases                       (442 ) 
Proceeds from sales of lease assets     143       235       478       2,761  
Proceeds from sales or dispositions of securities           32       12       100  
Payments of initial direct costs                       (2 ) 
Principal payments received on direct financing leases     352       285       1,015       1,708  
Principal payments received on notes receivable     187       204       543       601  
Net cash provided by investing activities     682       756       2,048       4,726  
Financing activities:
                                   
Repayments under receivables funding program           (95 )            (415 ) 
Repayments of non-recourse debt     (1,011 )      (946 )      (2,983 )      (2,794 ) 
Distributions to Other Members     (1,809 )      (1,809 )      (5,425 )      (5,425 ) 
Distributions to Managing Member     (147 )      (147 )      (440 )      (440 ) 
Net cash used in financing activities     (2,967 )      (2,997 )      (8,848 )      (9,074 ) 
Net (decrease) increase in cash and cash equivalents     (622 )      63       (571 )      2,539  
Cash and cash equivalents at beginning of period     5,644       5,258       5,593       2,782  
Cash and cash equivalents at end of period   $ 5,022     $ 5,321     $ 5,022     $ 5,321  
Supplemental disclosures of cash flow information:
                                   
Cash paid during the period for interest   $ 313     $ 378     $ 988     $ 1,184  
Cash paid during the period for taxes   $ 7     $     $ 124     $ 132  
Schedule of non-cash transactions:
                                   
Amount due from settlement of lease asset casualty   $ 440     $     $ 440     $  

See accompanying notes.

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TABLE OF CONTENTS

ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

1. Organization and Limited Liability Company matters:

ATEL Capital Equipment Fund IX, LLC (the “Company” or the “Fund”) was formed under the laws of the State of California on September 27, 2000 for the purpose of engaging in the sale of limited liability company investment units and acquiring equipment to engage in equipment leasing, lending and sales activities, primarily in the United States. The Managing Member or Manager of the Company is ATEL Financial Services, LLC (“AFS”), a California limited liability company. The Company may continue until December 31, 2020. Contributions in the amount of $600 were received as of December 31, 2000, $100 of which represented AFS’s continuing interest, and $500 of which represented the Initial Member’s capital investment.

The Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $10 per Unit. On February 21, 2001, subscriptions for the minimum number of Units (120,000, representing $1.2 million) had been received (excluding subscriptions from Pennsylvania investors) and AFS requested that the subscriptions be released to the Company. On that date, the Company commenced operations in its primary business. As of April 3, 2001, the Company had received subscriptions for 753,050 Units ($7.5 million), thus exceeding the $7.5 million minimum requirement for Pennsylvania, and AFS requested that the remaining funds in escrow (from Pennsylvania investors) be released to the Company.

As of January 15, 2003, the offering was terminated. As of that date, the Company had received subscriptions for 12,065,266 Units ($120.7 million). Subsequent to January 15, 2003, Units totaling 10,250 were rescinded or repurchased and funds returned to investors (net of distributions paid and allocated syndication costs, as applicable). As of September 30, 2012, 12,055,016 Units remain issued and outstanding.

The Company’s principal objectives are to invest in a diversified portfolio of equipment that (i) preserves, protects and returns the Company’s invested capital; (ii) generates regular distributions to the members of cash from operations and cash from sales or refinancing, with any balance remaining after certain minimum distributions to be used to purchase additional equipment during the reinvestment period (“Reinvestment Period”) (defined as six full years following the year the offering was terminated), which ended on December 31, 2009 and (iii) provides additional distributions following the Reinvestment Period and until all equipment has been sold. The Company is governed by the Limited Liability Company Operating Agreement (“Operating Agreement”), as amended. On January 1, 2010, the Company commenced liquidation phase activities pursuant to the guidelines of the Operating Agreement.

Pursuant to the terms of the Operating Agreement, AFS receives compensation for services rendered and reimbursements for costs incurred on behalf of the Company (Note 6). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of AFS.

On or about December 1, 2012, the offices of the Fund and the Manager will be relocated to The Transamerica Pyramid, 600 Montgomery Street, 9th Floor, San Francisco, California 94111. The telephone number for the Manager will be the same in its new location.

These unaudited interim financial statements should be read in conjunction with the financial statements and notes thereto contained in the report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission.

2. Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2012 are not necessarily indicative of the results to be expected for the full year.

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TABLE OF CONTENTS

ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

2. Summary of significant accounting policies: - (continued)

Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no significant impact on the reported financial position or results of operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying unaudited financial statements, the Managing Member has reviewed events that have occurred after September 30, 2012, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, or adjustments thereto.

Use of estimates:

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the nine months ended September 30, 2012 and 2011 and long-lived tangible assets as of September 30, 2012 and December 31, 2011 (dollars in thousands):

       
  Nine Months Ended September 30,
     2012   % of Total   2011   % of Total
Revenue
                                   
United States   $    9,668              95 %    $   10,652               94 % 
United Kingdom     257       3 %      338       3 % 
Canada     246       2 %      301       3 % 
Total International     503       5 %      639       6 % 
Total   $ 10,171       100 %    $ 11,291       100 % 

       
  As of September 30,   As of December 31,
     2012   % of Total   2011   % of Total
Long-lived assets
                                   
United States   $   26,624              98 %    $   30,424               97 % 
United Kingdom     149       0 %      182       1 % 
Canada     450       2 %      586       2 % 
Total International     599       2 %      768       3 % 
Total   $ 27,223       100 %    $ 31,192       100 % 

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TABLE OF CONTENTS

ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

2. Summary of significant accounting policies: - (continued)

Investment in securities:

Purchased securities

Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. There were no impaired securities at September 30, 2012 and December 31, 2011. During the first nine months of 2011, the Company had recorded fair value adjustments totaling $41 thousand which reduced the cost basis of certain investments deemed impaired at March 31, 2011. Such investment securities were disposed of during the third quarter of 2011 with minimal gain. There were no investment securities sold or disposed of during the three and nine months ended September 30, 2012. By comparison, the Company recognized $2 thousand and $12 thousand of losses on sales and dispositions of investment securities during the three and nine months ended September 30, 2011.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried at an estimated fair value on the balance sheet at the end of the period, as determined by the Managing Member. At September 30, 2012 and December 31, 2011, the Managing Member estimated the fair value of the warrants to be nominal in amount. There were no warrants exercised during the three months ended September 30, 2012 and 2011. During the previous six months of 2012 and 2011, the Company had recorded respective gains of $12 thousand and $83 thousand on the net exercise of certain warrants.

Other expense, net:

Other expense, net consists of gains and losses on interest rate swap contracts, and foreign exchange transactions. The table below details the Company’s other expense, net for the three and nine months ended September 30, 2012 and 2011 (in thousands):

       
  Three Months
Ended September 30,
  Nine Months
Ended September 30,
     2012   2011   2012   2011
Foreign currency loss   $     —     $      (8 )    $     (5 )    $      (12 ) 
Change in fair value of interest rate swap contracts           1             5  
     $     $ (7 )    $ (5 )    $ (7 ) 

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

Recent accounting pronouncements:

In May 2011, the Financial Accounting Standards Board (“FASB”) and International Accounting Standards Board (“IASB”) (collectively the “Boards”) issued Accounting Standards Update (“ASU”) No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” ASU 2011-04 created a uniform framework for applying fair value measurement principles for companies around the world and clarified existing guidance in US GAAP. ASU 2011-04 is effective for the first interim or annual reporting period beginning after December 15, 2011 and shall be applied prospectively. The Company adopted the provisions of ASU 2011-04 effective January 1, 2012. The fair value measurement provisions of ASU 2011-04 had no material impact on the Company’s financial position or results of operations.

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TABLE OF CONTENTS

ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

3. Notes receivable, net:

The Company has various notes receivable from borrowers who have financed the purchase of equipment through the Company. At September 30, 2012, the original terms of the notes receivable are from 36 to 120 months and bear interest at rates ranging from 8.42% to 16.22%. The notes are secured by the equipment financed. The notes mature from 2013 through 2016.

During the first six months of 2012, the Company deemed a certain note to be impaired and recorded a fair value adjustment of $54 thousand, which reduced the cost basis of the impaired note. There were no additional adjustments recorded during the three months ended September 2012. Such note is the only loan on non-accrual at September 30, 2012 and has a cost basis of $147 thousand as of the same date. There were neither impaired notes nor notes placed on non-accrual status at December 31, 2011.

As of September 30, 2012, the minimum future payments receivable are as follows (in thousands):

 
Three months ending December 31, 2012   $       196  
Year ending December 31, 2013     558  
2014     229  
2015     165  
2016     188  
       1,336  
Less: portion representing unearned interest income     (162 ) 
       1,174  
Unamortized initial direct costs     2  
Less: allowance for credit losses     (54 ) 
Notes receivable, net   $ 1,122  

Initial direct costs (“IDC”) amortization expense related to the notes receivable and the Company’s operating and direct financing leases for the three and nine months ended September 30, 2012 and 2011 are as follows (in thousands):

       
  Three Months
Ended September 30,
  Nine Months
Ended September 30,
     2012   2011   2012   2011
IDC amortization – notes receivable   $        —     $          1     $          1     $          3  
IDC amortization – lease assets     6       8       18       25  
Total   $ 6     $ 9     $ 19     $ 28  

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

4. Allowance for credit losses:

The Company’s allowance for credit losses are as follows (in thousands):

           
  Accounts Receivable Allowance
for Doubtful Accounts
  Valuation Adjustments on
Financing Receivables
  Total
Allowance for
Credit Losses
     Notes
Receivable
  Finance
Leases
  Operating
Leases
  Notes
Receivable
  Finance
Leases
Balance December 31, 2010   $       19             46             174     $       —     $       —     $       239  
Reversal of Provision     (19 )      (36 )      (114 )                  (169 ) 
Balance December 31, 2011           10       60                   70  
(Reversal of provision) provision           (10 )      (55 )      54             (11 ) 
Balance September 30, 2012   $     $     $ 5     $ 54     $     $ 59  

Accounts receivable

Accounts receivable represent the amounts billed under operating and direct financing lease contracts, and notes receivable which are currently due to the Company.

Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received. Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management’s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases contracts and notes receivable are applied only against outstanding principal balances.

Financing receivables

In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on notes receivable and direct financing leases.

Notes are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the note agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. If it is determined that a loan is impaired with regard to scheduled payments, the Company will perform an analysis of the note to determine if an impairment valuation reserve is necessary. This analysis considers the estimated cash flows from the note, or the collateral value of the property underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.

The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset’s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the market place are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date.

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

4. Allowance for credit losses: - (continued)

As of September 30, 2012 and December 31, 2011, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

     
September 30, 2012   Notes Receivable   Finance Leases   Total
Allowance for credit losses:
                          
Ending balance   $       54     $       —     $       54  
Ending balance: individually evaluated for impairment   $ 54     $     $ 54  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
Financing receivables:
                          
Ending balance   $ 1,1761     $ 12,8432     $ 14,019  
Ending balance: individually evaluated for impairment   $ 1,176     $ 12,843     $ 14,019  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
1 Includes $2 of unamortized initial direct costs.
2 Includes $27 of unamortized initial direct costs.

     
December 31, 2011   Notes
Receivable
  Finance
Leases
  Total
Allowance for credit losses:
                          
Ending balance   $       —     $       —     $        —  
Ending balance: individually evaluated for impairment   $     $     $  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
Financing receivables:
                          
Ending balance   $ 1,7213     $ 13,8914     $ 15,612  
Ending balance: individually evaluated for impairment   $ 1,721     $ 13,891     $ 15,612  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
3 Includes $3 of unamortized initial direct costs.
4 Includes $39 of unamortized initial direct costs.

The Company evaluates the credit quality of its financing receivables on a scale equivalent to the following quality indicators related to corporate risk profiles:

Pass – Any account whose lessee/debtor, co-lessee/debtor or any guarantor has a credit rating on publicly traded or privately placed debt issues as rated by Moody’s or S&P for either Senior Unsecured debt, Long Term Issuer rating or Issuer rating that are in the tiers of ratings generally recognized by the investment community as constituting an Investment Grade credit rating; or, has been determined by the Manager to be an Investment Grade Equivalent or High Quality Corporate Credit per its Credit Policy or has a Not Rated internal rating by the Manager and the account is not considered by the Chief Credit Officer of the Manager to fall into one of the three risk profiles below.

Special Mention – Any traditional corporate type account with potential weaknesses (e.g. large net losses or major industry downturns) or, any growth capital account that has less than three months of cash as of the end of the calendar quarter to fund their continuing operations. These accounts deserve management’s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the Fund’s receivable at some future date.

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

4. Allowance for credit losses: - (continued)

Substandard – Any account that is inadequately protected by the current worth and paying capacity of the borrower or of the collateral pledged, if any. Accounts that are so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Fund will sustain some loss as the likelihood of fully collecting all receivables may be questionable if the deficiencies are not corrected. Such accounts are on the Manager’s Credit Watch List.

Doubtful – Any account where the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Accordingly, an account that is so classified is on the Manager’s Credit Watch List, and has been declared in default and the Manager has repossessed, or is attempting to repossess, the equipment it financed. This category includes impaired notes and leases as applicable.

At September 30, 2012 and December 31, 2011, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):

       
  Notes Receivable   Finance Leases
     September 30, 2012   December 31, 2011   September 30, 2012   December 31, 2011
Pass   $          333     $          642     $       12,777     $       13,754  
Special mention     841       1,076       39       98  
Substandard                        
Doubtful                        
Total   $ 1,174     $ 1,718     $ 12,816     $ 13,852  

At September 30, 2012 and December 31, 2011, the investment in financing receivables is aged as follows (in thousands):

             
September 30, 2012   30 – 59 Days
Past Due
  60 – 89 Days
Past Due
  Greater Than
90 Days
  Total
Past Due
  Current   Total
Financing
Receivables
  Recorded Investment
> 90
Days and
Accruing
Notes receivable   $      —     $      —     $      —     $      —     $    1,174     $    1,174     $        —  
Finance leases     7             2       9       12,807       12,816       2  
Total   $ 7     $     $ 2     $ 9     $ 13,981     $ 13,990     $ 2  

             
December 31, 2011   30 – 59 Days
Past Due
  60 – 89 Days
Past Due
  Greater Than
90 Days
  Total
Past Due
  Current   Total
Financing Receivables
  Recorded Investment
> 90
Days and
Accruing
Notes receivable   $      —     $      —     $      —     $      —     $    1,718     $    1,718     $        —  
Finance leases     4             7       11       13,841       13,852       7  
Total   $ 4     $     $ 7     $ 11     $ 15,559     $ 15,570     $ 7  

As discussed in Note 3, the Company recorded a $54 thousand fair value adjustment during the first six months of 2012 to reduce the cost basis of an impaired note. There was no additional adjustment recorded during the current quarter. As of September 30, 2012, the account receivable associated with the impaired note was current. The Company did not carry an impairment reserve on its financing receivables at December 31, 2011.

As of September 30, 2012 and December 31, 2011, certain investments in financing receivables with related accounts receivable past due more than 90 days are still on an accrual basis based on management’s assessment of the collectability of such receivables. However, these accounts receivable were fully reserved and included in the allowance for doubtful accounts presented above.

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

5. Investment in equipment and leases, net:

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

       
  Balance
December 31,
2011
  Reclassifications,
Additions /
Dispositions and Impairment
Losses
  Depreciation/
Amortization
Expense or
Amortization
of Leases
  Balance
September 30,
2012
Net investment in operating leases   $    15,657     $        735     $     (2,547 )    $   13,845  
Net investment in direct financing leases     13,852       (21 )      (1,015 )      12,816  
Assets held for sale or lease, net     1,628       (1,103 )            525  
Initial direct costs, net of accumulated amortization of $77 at September 30, 2012 and $78 at December 31, 2011     55             (18 )      37  
Total   $ 31,192     $ (389 )    $ (3,580 )    $ 27,223  

Impairment of investments in leases and assets held for sale or lease:

Management periodically reviews the carrying values of its assets on leases and assets held for lease or sale. Impairment losses are recorded as an adjustment to the net investment in operating leases. During the three months ended September 30, 2012, the Company deemed certain off-lease equipment to be impaired and recorded fair value adjustments totaling $18 thousand which reduced the cost basis of the equipment. Such adjustments were in addition to the $54 thousand of adjustments previously recorded during the first six months of 2012. By comparison, during the third quarter of 2011, the Company recorded fair value adjustments totaling $65 thousand to reduce the cost basis of certain impaired off-lease equipment. Such adjustments represent total impairment losses during the first nine months of 2011.

As of September 30, 2012 and December 31, 2011, there were no lease contracts placed in non-accrual status. As of the same dates, the Company has certain other leases that have related accounts receivables aged 90 days or more that have not been placed on non-accrual status. In accordance with Company policy, such receivables are fully reserved. Management continues to closely monitor these leases for any actual change in collectability status and indication of necessary valuation adjustments.

The Company utilizes a straight line depreciation method for equipment in all of the categories currently in its portfolio of operating lease transactions. Depreciation expense on the Company’s equipment was approximately $813 thousand and $1.2 million for the respective three months ended September 30, 2012 and 2011, and was $2.5 million and $3.8 million for the respective nine months ended September 30, 2012 and 2011. All of the leased property was acquired in years beginning with 2002 through 2010.

Operating leases:

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

       
  Balance
December 31,
2011
  Additions   Reclassifications,
Dispositions &
Impairment Losses
  Balance
September 30,
2012
Transportation, other   $       16,205     $          —     $       1,024     $       17,229  
Transportation, rail     11,900             (80 )      11,820  
Materials handling     9,169             (960 )      8,209  
Marine vessels     7,258                   7,258  
Manufacturing     2,368             (51 )      2,317  
Natural gas compressors     1,671                   1,671  
Construction     1,584             1,705       3,289  
Agriculture     1,151                   1,151  
Other     84             (43 )      41  
       51,390             1,595       52,985  
Less accumulated depreciation     (35,733 )      (2,547 )      (860 )      (39,140 ) 
Total   $ 15,657     $ (2,547 )    $ 735     $ 13,845  

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

5. Investment in equipment and leases, net: - (continued)

The average estimated residual value for assets on operating leases was 16% and 18% of the assets’ original cost at September 30, 2012 and December 31, 2011, respectively. There were no operating leases placed in non-accrual status as of September 30, 2012 and December 31, 2011.

The Company may earn revenues from its containers, marine vessel and certain other assets based on utilization of such assets or a fixed-term lease. Contingent rentals (i.e., short-term, operating charter hire payments) and the associated expenses are recorded when earned and/or incurred. The revenues associated with these rentals are included as a component of Operating Lease Revenues and totaled $7 thousand and $59 thousand during the respective three months ended September 30, 2012 and 2011. Such revenues totaled $24 thousand and $161 thousand for the respective nine months ended September 30, 2012 and 2011.

During the third quarter of 2012, certain operating lease equipment suffered a total casualty loss. Pursuant to the lease agreement, the Company recorded a receivable totaling $440 thousand, of which $350 thousand represents calculated gain on the casualty loss. The receivable represent a combination of proceeds for the value of the lost asset and related lost revenue for the remaining term of the lease.

Direct financing leases:

As of September 30, 2012 and December 31, 2011, investment in direct financing leases primarily consists of mining, materials handling equipment and research equipment. The components of the Company’s investment in direct financing leases as of September 30, 2012 and December 31, 2011 are as follows (in thousands):

   
  September 30,
2012
  December 31,
2011
Total minimum lease payments receivable   $      18,272     $      21,780  
Estimated residual values of leased equipment (unguaranteed)     3,574       3,644  
Investment in direct financing leases     21,846       25,424  
Less unearned income     (9,030 )      (11,572 ) 
Net investment in direct financing leases   $ 12,816     $ 13,852  

There was no investment in direct financing lease assets in non-accrual status at September 30, 2012 and December 31, 2011. However, at December 31, 2011, the Company has certain direct financing leases that have related accounts receivables aged 90 days or more that have not been placed on non-accrual status. In accordance with Company policy, such receivables are fully reserved and included in the allowance for doubtful accounts presented in Note 4.

At September 30, 2012, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

     
  Operating
Leases
  Direct Financing
Leases
  Total
Three months ending December 31, 2012   $      1,212     $      1,155     $      2,367  
Year ending December 31, 2013     4,210       4,533       8,743  
2014     2,760       4,450       7,210  
2015     1,403       4,450       5,853  
2016     378       3,684       4,062  
2017     350             350  
Thereafter     410             410  
     $ 10,723     $ 18,272     $ 28,995  

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

6. Related party transactions:

The terms of the Operating Agreement provide that AFS and/or affiliates are entitled to receive certain fees for equipment management and resale and for management of the Company.

The Operating Agreement allows for the reimbursement of costs incurred by AFS for providing administrative services to the Company. Administrative services provided include Company accounting, finance/treasury, investor relations, legal counsel and lease and equipment documentation. AFS is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of equipment. The Company would be liable for certain future costs to be incurred by AFS to manage the administrative services provided to the Company.

Each of ATEL Leasing Corporation (“ALC”) and AFS is a wholly-owned subsidiary of ATEL Capital Group and performs services for the Company. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; investor relations, communications and general administrative services for the Company are performed by AFS.

Cost reimbursements to the Managing Member are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as managed assets, number of investors or contributed capital based upon the type of cost incurred. The Operating Agreement places an annual limit and a cumulative limit for cost reimbursements to AFS and/or affiliates. Any reimbursable costs incurred by AFS and/or affiliates during the year exceeding the annual and/or cumulative limits cannot be reimbursed in the current year, though such costs may be recovered in future years to the extent of the cumulative limit. As of September 30, 2012, the Company has not exceeded the annual and/or cumulative limitations discussed above.

During the three and nine months ended September 30, 2012 and 2011, AFS and/or affiliates earned fees and commissions, and billed for reimbursements, pursuant to the Operating Agreement as follows (in thousands):

       
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
     2012   2011   2012   2011
Costs reimbursed to Managing Member and/or affiliates   $       191     $      218     $       602     $       669  
Asset management fees to Managing Member and/or affiliates     157       201       463       576  
     $ 348     $ 419     $ 1,065     $ 1,245  

7. Non-recourse debt:

At September 30, 2012, non-recourse debt consists of notes payable to financial institutions. The notes are due in monthly installments. Interest on the notes is at fixed rates ranging from 6.16% to 6.66%. The notes are secured by assignments of lease payments and pledges of assets. At September 30, 2012, gross operating lease rentals and future payments on direct financing leases totaled approximately $20.7 million over the remaining lease terms; and the carrying value of the pledged assets is $15.8 million. The notes mature from 2015 through 2017.

The non-recourse debt does not contain any material financial covenants. The debt is secured by liens granted by the Company to the non-recourse lenders on (and only on) the discounted lease transactions. The lenders have recourse only to the following collateral: the specific leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items. The non-recourse obligation is payable solely out of the respective specific security and the Company does not guarantee (nor is the Company otherwise contractually responsible for) the payment of the non-recourse debt as a general obligation or liability of the Company. Although the Company does not have any direct or general liability in connection with the non-recourse debt apart from the security granted, the Company is directly and generally liable and responsible for certain representations, warranties, and covenants made to the lenders, such as warranties as to genuineness of the transaction parties' signatures, as to the genuineness of the respective lease chattel paper or the transaction as a whole, or as to the Company's good title to or perfected interest in the secured collateral, as well as similar representations, warranties and covenants typically provided by non-recourse borrowers and

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

7. Non-recourse debt: - (continued)

customary in the equipment finance industry, and are viewed by such industry as being consistent with non-recourse discount financing obligations. Accordingly, as there are no financial covenants or ratios imposed on the Company in connection with the non-recourse debt, the Company has determined that there are no material covenants with respect to the non-recourse debt that warrant footnote disclosure.

Future minimum payments of non-recourse debt are as follows (in thousands):

     
  Principal   Interest   Total
Three months ending December 31, 2012   $       1,027     $         296     $         1,323  
Year ending December 31, 2013     4,279       1,015       5,294  
2014     4,568       726       5,294  
2015     4,616       420       5,036  
2016     3,743       133       3,876  
2017     178       1       179  
     $ 18,411     $ 2,591     $ 21,002  

8. Receivable funding program:

Prior to August 2011, the Company had a $60 million receivables funding program (the “RF Program”) with a receivables financing company that issued commercial paper rated A1 from Standard and Poor’s and P1 from Moody’s Investors Service. Under the RF Program, the lender held liens against the Company’s assets. The lender was in a first position against certain specified assets and was in either a subordinated or shared position against the remaining assets. The RF Program provided for borrowing at a variable interest rate; and, for the Company to enter into interest rate swap agreements with certain hedge counterparties (also rated A1/P1) to mitigate the interest rate risk associated with a variable interest rate note. The RF Program did not contain any credit risk related default contingencies. As of August 22, 2011, all advances under the RF Program were repaid in full and the program was terminated.

9. Commitments and Contingencies:

At September 30, 2012, the Company had no commitments to purchase lease assets or fund new loans.

Gain Contingency

ATEL filed a claim on behalf of the Company and certain affiliated entities in Federal court in New Orleans for the under-reporting of revenue by a fleet manager of three marine vessels, seeking to recover an approximate amount of 10% of gross proceeds, which in the aggregate for all affiliated entities represents $2.8 million for the years 2005 – 2007 (of which the Company’s portion is an approximate $350 thousand). The annual allocable portion of the claim is not considered material to the Company in any given year. The trial date for this dispute had been rescheduled several times; however, the trial was ultimately concluded during the first week of August 2012. As of October 10, 2012, the matter has been in the hands of the Federal Judge to render a decision on both the law and the facts. The decision of the Court is imminent, and the Company is hopeful for a recovery of all or portion of its asserted claims, but the outcome of the litigation remains uncertain as of such date. While the Company's recovery with respect to this matter may be significant, there is no assurance that judgment will be rendered in favor of the Company.

10. Guarantees:

The Company enters into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

The Managing Member knows of no facts or circumstances that would make the Company’s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

10. Guarantees: - (continued)

Company believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Company’s similar commitments is remote. Should any such indemnification obligation become payable, the Company would separately record and/or disclose such liability in accordance with GAAP.

11. Members’ capital:

As of September 30, 2012 and December 31, 2011, 12,055,016 Units were issued and outstanding. The Company was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial members (50 Units).

The Company has the right, exercisable in the Manager’s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100% of the holder’s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder’s request. The repurchase of Fund Units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Manager on terms it determines to be appropriate under given circumstances, in the event that the Manager deems such repurchase to be in the best interest of the Company; provided, the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled. Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs.

As defined in the Operating Agreement, the Company’s Net Income, Net Losses, and Distributions are to be allocated 92.5% to the Members and 7.5% to AFS. In accordance with the terms of the Operating Agreement, additional allocations of income were made to AFS during the three and nine months ended September 30, 2012 and 2011. The amounts allocated were determined to bring AFS’s ending capital account balance to zero at the end of each period.

Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):

       
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
     2012   2011   2012   2011
Distributions declared   $ 1,809     $ 1,809     $ 5,425     $ 5,425  
Weighted average number of Units outstanding     12,055,016       12,055,016       12,055,016       12,055,016  
Weighted average distributions per Unit   $ 0.15     $ 0.15     $ 0.45     $ 0.45  

12. Fair value measurements:

Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows:

Level 1 – Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, generally on a national exchange.

Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.

Level 3 – Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability.

The Company had no assets or liabilities that require measurement at fair value on a recurring basis at September 30, 2012 and December 31, 2011.

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

12. Fair value measurements: - (continued)

During the three and nine months ended September 30, 2012, the Company recorded non-recurring adjustments to reflect the fair values of certain impaired off-lease equipment and notes receivable. By comparison, during the third quarter 2011, the Company recorded fair value adjustments to only reflect the fair value of impaired off-lease equipment. In the previous six months of 2011, the Company had recorded a non-recurring adjustment to an impaired investment security. Amounts at September 30, 2012 and December 31, 2011 reflect the fair value of the then existing impaired assets.

The Company’s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department personnel who are familiar with the Company’s investments in equipment, notes receivable and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources.

The measurement methodologies are as follows:

Impaired notes receivable

The fair value of the Company’s notes receivable is estimated using either third party appraisals of collateral or discounted cash flow analyses based upon current market rates for similar types of lending arrangements, with adjustments for non-accrual loans as deemed necessary. The Company had previously recorded $54 thousand of fair value adjustments to reduce the cost basis of a note deemed impaired during the first six months of 2012. The adjustment was non-recurring and was based upon an independent appraisal of the underlying collateral. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired note receivable is classified within Level 3 of the valuation hierarchy. Such valuation utilizes a market approach technique and uses inputs from third party appraisers that utilize current market transactions as adjusted for certain factors specific to the underlying collateral. There were no additional adjustments during the three months ended September 30, 2012. In addition, there were no impairment losses recorded on notes receivable during the first nine months of 2011, and through December 31, 2011.

Impaired off-lease equipment

During the three and nine months ended September 30, 2012, the Company recorded $18 thousand and $72 thousand of fair value adjustments which reduced the fair value of certain impaired off-lease equipment. By comparison, during the third quarter of 2011, the Company recorded $65 thousand of fair value adjustments to impaired off-lease equipment. There were no fair value adjustments recorded during the previous six months. The adjustments for both fiscal periods were non-recurring. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair values of such impaired off-lease equipment are classified within Level 3 of the valuation hierarchy as the data sources utilized for the valuation of the assets reflect significant inputs that are unobservable in the market. Such valuation utilizes a market approach technique and uses inputs that reflect the sales price of similar assets sold by affiliates and/or information from third party remarketing agents not readily available in the market.

Impaired investment securities

The Company’s investment securities are not registered for public sale and are carried at cost. The investment securities are adjusted for impairment, if any, based upon factors which include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. The Company did not record any fair value adjustments relative to impaired investment securities during the first nine months of 2012.

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

12. Fair value measurements: - (continued)

During the first three quarters of 2011, the Company had recorded a fair value adjustment of $41 thousand which reduced the cost basis of an investment security deemed impaired at March 31, 2011. The non-recurring fair value adjustment was a result of an approximate 66% reduction in valuation based upon cash payments received in a private transaction whereby the Fund liquidated its warrant position. Such transaction was pursuant to the investee’s acquisition by a third party. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired investment is classified within Level 3 of the valuation hierarchy as the third party’s valuation of the investee included significant inputs that are unobservable in the market. The impaired security was disposed of during the second quarter of 2011. There were no additional fair value adjustments recorded against investment securities through December 31, 2011.

The following table presents the fair value measurement of assets and liabilities measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at September 30, 2012 and December 31, 2011 (in thousands):

       
  September 30,
2012
  Level 1
Estimated
Fair Value
  Level 2
Estimated
Fair Value
  Level 3
Estimated
Fair Value
Assets measured at fair value on a non-recurring basis:
                                   
Impaired off-lease assets   $        14     $      —     $      —     $     14  
Impaired notes receivable, net     147                   147  

       
  December 31, 2011   Level 1
Estimated
Fair Value
  Level 2

Estimated
Fair Value
  Level 3
Estimated Fair Value
Assets measured at fair value on a non-recurring basis:
                                   
Impaired off-lease assets   $        88     $      —     $      —     $      88  

The following disclosure of the estimated fair value of financial instruments is made in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification. Fair value estimates, methods and assumptions, set forth below for the Company’s financial instruments, are made solely to comply with the requirements of the Financial Instruments Topic and should be read in conjunction with the Company’s financial statements and related notes.

The Company has determined the estimated fair value amounts by using market information and valuation methodologies that it considers appropriate and consistent with the fair value accounting guidance. Considerable judgment is required to interpret market data to develop the estimates of fair value. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

Cash and cash equivalents

The recorded amounts of the Company’s cash and cash equivalents approximate fair value because of the liquidity and short-term maturity of these instruments.

Notes receivable

The fair value of the Company’s notes receivable is estimated using either third party appraisals of collateral or discounted cash flow analyses based upon current market rates for similar types of lending arrangements, with adjustments for impaired loans as deemed necessary.

Investment in securities

The Company’s investment securities are not registered for public sale and are carried at cost which management believes approximates fair value, as appropriately adjusted for impairment.

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ATEL CAPITAL EQUIPMENT FUND IX, LLC
  
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

12. Fair value measurements: - (continued)

Non-recourse debt

The fair value of the Company’s non-recourse debt is estimated using discounted cash flow analyses, based upon current market borrowing rates for similar types of borrowing arrangements.

Commitments and Contingencies

Management has determined that the fair value of contingent liabilities (or guarantees) is not considered material because management believes there has been no event that has occurred wherein a guarantee liability has been incurred or will likely be incurred.

The following tables present a summary of the carrying value and fair value by level of financial instruments not recorded at fair value on the Company’s balance sheet at September 30, 2012 and December 31, 2011 (in thousands):

         
  Fair Value Measurements at September 30, 2012
     Carrying Amount   Level 1   Level 2   Level 3   Total
Financial assets:
                                            
Cash and cash equivalents   $     5,022     $     5,022     $       —     $       —     $   5,022  
Notes receivable, net     1,122                   1,122       1,122  
Investment in securities     5                   5       5  
Financial liabilities:
                                            
Non-recourse debt     18,411                   19,460       19,460  

         
  December 31, 2011
     Carrying
Amount
  Estimated
Fair Value
Financial assets:
                                            
Cash and cash equivalents   $     5,593     $     5,593                             
Notes receivable, net     1,721       1,721                             
Financial liabilities:
                                            
Non-recourse debt     21,394       22,674                             

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Statements contained in this Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and elsewhere in this Form 10-Q, which are not historical facts, may be forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. In particular, the economic recession and changes in general economic conditions, including, fluctuations in demand for equipment, lease rates, and interest rates, may result in delays in investment and reinvestment, delays in leasing, re-leasing, and disposition of equipment, and reduced returns on invested capital. The Company’s performance is subject to risks relating to lessee defaults and the creditworthiness of its lessees. The Company’s performance is also subject to risks relating to the value of its equipment at the end of its leases, which may be affected by the condition of the equipment, technological obsolescence and the market for new and used equipment at the end of lease terms. Investors are cautioned not to attribute undue certainty to these forward-looking statements, which speak only as of the date of this Form 10-Q. We undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this Form 10-Q or to reflect the occurrence of unanticipated events, other than as required by law.

Overview

ATEL Capital Equipment Fund IX, LLC (the “Company” or the “Fund”) is a California limited liability company that was formed in September 2000 for the purpose of engaging in the sale of limited liability company investment units and acquiring equipment to generate revenues from equipment leasing, lending and sales activities, primarily in the United States. The Managing Member of the Company is ATEL Financial Services, LLC (“AFS”), a California limited liability company.

The Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $10 per Unit. The offering was terminated in January 2003. During early 2003, the Company completed its initial acquisition stage with the investment of the net proceeds from the public offering of Units. Subsequently, during the reinvestment period (“Reinvestment Period”) (defined as six full years following the year the offering was terminated), the Company has utilized its credit facilities and reinvested cash flow in excess of certain amounts required to be distributed to the Other Members to acquire additional equipment.

The Company may continue until December 31, 2020. However, pursuant to the guidelines of the Limited Liability Company Operating Agreement (“Operating Agreement”), the Company commenced liquidation phase activities subsequent to the end of the Reinvestment Period which ended on December 31, 2009. Periodic distributions will be paid at the discretion of the Managing Member.

Results of Operations

The three months ended September 30, 2012 versus the three months ended September 30, 2011

The Company had net income of $1.5 million and $1.1 million for the three months ended September 30, 2012 and 2011, respectively. The results for the third quarter of 2012 reflect a decrease in total operating expenses partially offset by a decrease in total operating revenues when compared to the prior year period.

Revenues

Total revenues for the third quarter of 2012 decreased by $188 thousand, or 5%, as compared to the prior year period. The net reduction in total revenues was primarily a result of decreases in both operating and direct financing lease revenues, gain on sales of lease assets and in interest earned on the notes receivable. Such decreases in revenues were partially offset by a gain from settlement of a lease asset casualty.

Operating lease revenues decreased by $342 thousand mainly due to the impact of continued run-off and dispositions of lease assets, consistent with a Fund in liquidation, and the period over period decrease in usage-based rental income. Such decreases in operating lease revenues were partially offset by incremental revenue from certain off-lease equipment that were leased in the third quarter of 2011. Direct financing lease revenues declined by $87 thousand primarily due to run-off of the portfolio. Gain on sales of lease assets was reduced by $61 thousand largely due to a decrease in volume and a change in the mix of assets sold; and, interest on notes receivable was reduced by $35 thousand as result of continued run-off of the notes receivable portfolio.

Partially offsetting the aforementioned decreases in revenues was a $350 thousand gain realized on settlement of a casualty claim relative to a total loss on a leased helicopter.

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Expenses

Total expenses for the third quarter of 2012 decreased by $564 thousand, or 23%, as compared to the prior year period. The net decline in expenses was primarily due to decreases in depreciation expense, interest expense, the provision for credit losses, impairment losses, and management fees paid to AFS. Such decreases in expenses were partially offset by an increase in marine vessel maintenance and other operating costs.

The decrease in depreciation expense totaled $395 thousand and was primarily attributable to run-off and sales of lease assets, and an increase in the number of assets that have been fully depreciated since the third quarter of 2011. Interest expense was reduced by $65 thousand mainly due to an approximate $3.9 million net decrease in outstanding borrowings since September 30, 2011.

In addition, the provision for credit losses decreased by $65 thousand mainly due to a period over period decline in delinquent receivables. Impairment losses declined by $47 thousand due to lower fair value adjustments recorded on impaired off-lease equipment; and, management fees paid to AFS decreased by $44 thousand largely due to the continued decline in managed assets and related rents.

Partially offsetting the aforementioned decreases in expenses was a $46 thousand increase in marine vessel maintenance and other operating costs. Such increase was largely a result of increased costs of engine maintenance which commenced during the second quarter of 2012.

The nine months ended September 30, 2012 versus the nine months ended September 30, 2011

The Company had net income of $4.3 million and $4.0 million for the nine months ended September 30, 2012 and 2011, respectively. The results for the first nine months of 2012 reflect a decrease in total operating expenses offset, in part, by a decrease in total operating revenues when compared to the prior year period.

Revenues

Total revenues for the first nine months of 2012 decreased by $1.1 million, or 10%, as compared to the prior year period. The net reduction in total revenues was primarily a result of decreases in direct financing lease revenues, gain on sales of lease assets, operating lease revenues, interest on notes receivable and in gain on sale or disposition of securities. Such decreases in revenues were partially offset by a gain from settlement of a lease asset casualty.

Direct financing lease revenues declined by $620 thousand primarily due to run-off of the portfolio, and the early termination of a significant direct financing lease contract at the end of the second quarter of 2011. Gain on sales of lease assets decreased by $390 thousand largely due to a reduction in volume and a change in the mix of assets sold. Operating lease revenues decreased by $279 thousand mainly due to the impact of continued run-off and dispositions of lease assets and the period over period decrease in usage-based rental income. Such decreases in operating lease revenues were partially offset by incremental revenue from certain off-lease equipment that were leased in the third quarter of 2011.

In addition, interest on notes receivable was reduced by $103 thousand as result of continued run-off of the notes receivable portfolio; and, gain on sale or disposition of securities decreased by $59 thousand largely due to a decline in warrant activity during the current year period.

Partially offsetting the aforementioned decreases in revenues was a $350 thousand gain realized on settlement of a casualty claim relative to a total loss on a leased helicopter.

Expenses

Total expenses for the first nine months of 2012 decreased by $1.4 million, or 19%, as compared to the prior year period. The net decline in expenses was primarily due to decreases in depreciation expense, interest expense, asset management fees to AFS and costs reimbursed to AFS. Such decreases in expenses were partially offset by increases in marine vessel maintenance and other operating costs, and in the provision for losses.

The decrease in depreciation expense totaled $1.2 million and was primarily attributable to run-off and sales of lease assets, and an increase in the number of assets that have been fully depreciated since September 30, 2011. Interest expense was reduced by $196 thousand mainly due to an approximate $3.9 million net decrease in outstanding

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borrowings since September 30, 2011. Moreover, management fees paid to AFS decreased by $113 thousand largely due to the continued decline in managed assets and related rents; and, costs reimbursed to AFS declined by $67 thousand largely due to lower costs allocated by the Manager based on the Company’s declining asset base, and operations, consistent with a Fund in liquidation.

Partially offsetting the aforementioned decreases in expenses were increases in marine vessel maintenance and other operating costs, and in the provision for credit losses totaling $116 thousand and $84 thousand, respectively. Marine vessel maintenance and other operating costs was higher as a result of increased vessel activity and costs of engine maintenance; and, the net provision for credit losses increased largely due to a period over period decrease in recovery of amounts previously reserved, and a $54 thousand second quarter 2012 fair value adjustment related to an impaired note.

Capital Resources and Liquidity

The Company’s cash and cash equivalents totaled $5.0 million and $5.6 million at September 30, 2012 and December 31, 2011, respectively. The liquidity of the Company varies, increasing to the extent cash flows from leases and proceeds of asset sales exceed expenses and decreasing as lease assets are acquired, as distributions are made to the Other Members and to the extent expenses exceed cash flows from leases and proceeds from asset sales.

The primary source of liquidity for the Company is its cash flow from leasing activities. As initial lease terms expire, the Company re-leases or sells the equipment. The future liquidity beyond the contractual minimum rentals will depend on the Company’s success in remarketing or selling the equipment as it comes off rental.

If inflation in the general economy becomes significant, it may affect the Company in as much as the residual (resale) values and rates on re-leases of the Company’s leased assets may increase as the costs of similar assets increase. However, the Company’s revenues from existing leases would not increase; as such leasing rents and payments are generally fixed for the terms of the leases without adjustment for inflation. In addition, if interest rates increase significantly under such circumstances, the lease rates that the Company can obtain on future leases will be expected to increase as the cost of capital is a significant factor in the pricing of lease financing. Leases already in place, for the most part, would not be affected by changes in interest rates.

The Company currently believes it has available adequate reserves to meet its immediate cash requirements and those of the next twelve months, but in the event those reserves were found to be inadequate, the Company would likely be in a position to borrow against its current portfolio to meet such requirements. AFS envisions no such requirements for operating purposes.

Cash Flows

The following table sets forth summary cash flow data (in thousands):

       
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
     2012   2011   2012   2011
Net cash provided by (used in):
                                   
Operating activities   $ 1,663     $ 2,304     $ 6,229     $ 6,887  
Investing activities     682       756       2,048       4,726  
Financing activities     (2,967 )      (2,997 )      (8,848 )      (9,074 ) 
Net (decrease) increase in cash and cash equivalents   $ (622 )    $ 63     $ (571 )    $ 2,539  

The three months ended September 30, 2012 versus the three months ended September 30, 2011

During the three months ended September 30, 2012 and 2011, the Company’s primary sources of liquidity were cash flows from its portfolio of operating and direct financing lease contracts, and its investments in notes receivable. In addition, the Company realized $143 thousand and $267 thousand of proceeds from sales or dispositions of equipment and investment securities during the third quarters of 2012 and 2011, respectively.

During the same periods, cash was primarily used to pay distributions to both the Other Members and the Managing Member, totaling $2.0 million for each of the respective third quarters of 2012 and 2011. Cash was also used to pay down $1.0 million of debt during each of the respective third quarters of 2012 and 2011; and, to pay invoices related to management fees and expenses.

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The nine months ended September 30, 2012 versus the nine months ended September 30, 2011

During the first nine months of 2012 and 2011, the Company’s primary sources of liquidity were cash flows from its portfolio of operating and direct financing lease contracts, and its investments in notes receivable. In addition, the Company realized $490 thousand and $2.9 million of proceeds from sales or dispositions of equipment and investment securities during the first nine months of 2012 and 2011, respectively.

During the same periods, cash was primarily used to pay distributions to both the Other Members and the Managing Member, totaling $5.9 million for each of the respective first nine months of 2012 and 2011. Cash was also used to pay down $3.0 million and $3.2 million of debt during the respective nine months ended September 30, 2012 and 2011; and, to pay invoices related to management fees and expenses. During the first nine months of 2011, the Company used $442 thousand to pay for capitalized improvements on its marine vessel.

Non-Recourse Long-Term Debt

As of September 30, 2012, the Company had non-recourse long-term debt totaling $18.4 million. Such non-recourse notes payable do not contain any material financial covenants. The notes are secured by a lien granted by the Company to the non-recourse lenders on (and only on) the discounted lease transactions. The lenders have recourse only to the following collateral: the specific leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items.

The Operating Agreement limits aggregate borrowings to 50% of the total cost of equipment. For detailed information on the Company’s non-recourse debt obligation, see Note 7 in Item 1. Financial Statements.

Receivable funding program

Prior to August 2011, the Company had a $60 million receivables funding program (the “RF Program”) with a receivables financing company that issued commercial paper rated A1 from Standard and Poor’s and P1 from Moody’s Investors Service. Under the RF Program, the lender held liens against the Company’s assets. The lender was in a first position against certain specified assets and was in either a subordinated or shared position against the remaining assets. The ability to draw down on the RF Program terminated on July 31, 2008. As of August 22, 2011, all advances under the RF Program were repaid in full and the program was terminated.

Distributions

The Company commenced periodic distributions, based on cash flows from operations, beginning with the month of February 2001. The monthly distributions were discontinued in 2010 as the Company entered its liquidation phase. The rates and frequency of periodic distributions paid by the Fund during its liquidation phase are solely at the discretion of the Manager.

Commitments and Contingencies and Off-Balance Sheet Transactions

Commitments and Contingencies

At September 30, 2012, the Company had no commitments to purchase lease assets or fund new loans.

Gain Contingency

ATEL filed a claim on behalf of the Company and certain affiliated entities in Federal court in New Orleans for the under-reporting of revenue by a fleet manager of three marine vessels, seeking to recover an approximate amount of 10% of gross proceeds, which in the aggregate for all affiliated entities represents $2.8 million for the years 2005-2007 (of which the Company’s portion is an approximate $350 thousand). The annual allocable portion of the claim is not considered material to the Company in any given year. The trial date for this dispute had been rescheduled several times; however, the trial was ultimately concluded during the first week of August 2012. As of October 10, 2012, the matter has been in the hands of the Federal Judge to render a decision on both the law and the facts. The decision of the Court is imminent, and the Company is hopeful for a recovery of all or portion of its asserted claims, but the outcome of the litigation remains uncertain as of such date. While the Company's recovery with respect to this matter may be significant, there is no assurance that judgment will be rendered in favor of the Company.

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Off-Balance Sheet Transactions

None.

Recent Accounting Pronouncements

Information regarding recent accounting pronouncements is included in Note 2 to the financial statements, Summary of significant accounting policies, as set forth in Part I, Item 1, Financial Statements (Unaudited).

Critical Accounting Policies and Estimates

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, the Company evaluates its estimates, which are based upon historical experiences, market trends and financial forecasts, and upon various other assumptions that management believes to be reasonable under the circumstances and at that certain point in time. Actual results may differ, significantly at times, from these estimates under different assumptions or conditions.

The Company’s critical accounting policies are described in its Annual Report on Form 10-K for the year ended December 31, 2011. There have been no material changes to the Company’s critical accounting policies since December 31, 2011.

Item 4. Controls and Procedures.

Evaluation of disclosure controls and procedures

The Company’s Managing Member’s President and Chief Executive Officer, and Executive Vice President and Chief Financial Officer and Chief Operating Officer (“Management”), evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) as of the end of the period covered by this report. Based on the evaluation of the Company’s disclosure controls and procedures, Management concluded that as of the end of the period covered by this report, the design and operation of these disclosure controls and procedures were effective.

The Company does not control the financial reporting process, and is solely dependent on the Management of the Managing Member, which is responsible for providing the Company with financial statements in accordance with generally accepted accounting principles in the United States. The Managing Member’s disclosure controls and procedures, as it is applicable to the Company, were effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States.

Changes in internal control

There were no changes in the Managing Member’s internal control over financial reporting, as it is applicable to the Company, during the quarter ended September 30, 2012 that have materially affected, or are reasonably likely to materially affect, the Managing Member’s internal control over financial reporting, as it is applicable to the Company.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

In the ordinary course of conducting business, there may be certain claims, suits, and complaints filed against the Company. In the opinion of management, the outcome of such matters, if any, will not have a material impact on the Company’s financial position or results of operations. No material legal proceedings are currently pending against the Company or against any of its assets.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not Applicable.

Item 5. Other Information.

None.

Item 6. Exhibits.

Documents filed as a part of this report:

1. Financial Statement Schedules

All other schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions or are inapplicable, and therefore have been omitted.

2. Other Exhibits

 
31.1   Certification of Dean L. Cash
31.2   Certification of Paritosh K. Choksi
32.1   Certification Pursuant to 18 U.S.C. section 1350 of Dean L. Cash
32.2   Certification Pursuant to 18 U.S.C. section 1350 of Paritosh K. Choksi
101.INS*   XBRL Instance Document
101.SCH*   XBRL Taxonomy Extension Schema Document
101.CAL*   XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB*   XBRL Taxonomy Extension Label Linkbase Document
101.PRE*   XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF*   XBRL Taxonomy Extension Definition Linkbase Document
* In accordance with Regulation S-T, the XBRL-related information in Exhibit 101 to this Quarterly Report on Form 10-Q shall be deemed to be “furnished” and not “filed.”

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: November 13, 2012

ATEL CAPITAL EQUIPMENT FUND IX, LLC
(Registrant)

 
    

By:

ATEL Financial Services, LLC Managing Member of Registrant

 

By:

/s/ Dean L. Cash
Dean L. Cash
President and Chief Executive Officer of ATEL
Financial Services, LLC (Managing Member)

    

By:

/s/ Paritosh K. Choksi
Paritosh K. Choksi
Executive Vice President and Chief Financial Officer
and Chief Operating Officer of ATEL Financial
Services, LLC (Managing Member)

    

By:

/s/ Samuel Schussler
Samuel Schussler
Vice President and Chief Accounting Officer of ATEL
Financial Services, LLC (Managing Member)

    

28


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Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR RULE 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Dean L. Cash, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ATEL Capital Equipment Fund IX, LLC;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 13, 2012

 
/s/ Dean L. Cash
Dean L. Cash
President and Chief Executive Officer of
ATEL Financial Services, LLC (Managing Member)
    


EX-31.2 5 v325348_ex31x2.htm EXHIBIT 31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR RULE 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Paritosh K. Choksi, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ATEL Capital Equipment Fund IX, LLC;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 13, 2012

 
/s/ Paritosh K. Choksi
Paritosh K. Choksi
Executive Vice President and Chief Financial Officer and Chief Operating
Officer of ATEL Financial Services, LLC (Managing Member)
    


EX-32.1 6 v325348_ex32x1.htm EXHIBIT 32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. §1350,
AS ADOPTED PURSUANT TO
§906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ATEL Capital Equipment Fund IX, LLC (the “Company”) on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dean L. Cash, President and Chief Executive Officer of ATEL Financial Services, LLC, Managing Member of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 13, 2012

 
/s/ Dean L. Cash
Dean L. Cash
President and Chief Executive Officer of
ATEL Financial Services, LLC (Managing Member)
    

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.


EX-32.2 7 v325348_ex32x2.htm EXHIBIT 32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. §1350,
AS ADOPTED PURSUANT TO
§906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ATEL Capital Equipment Fund IX, LLC (the “Company”) on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Paritosh K. Choksi, Executive Vice President and Chief Financial Officer and Chief Operating Officer of ATEL Financial Services, LLC, Managing Member of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 13, 2012

 
/s/ Paritosh K. Choksi
Paritosh K. Choksi
Executive Vice President and Chief Financial
Officer and Chief Operating Officer of
ATEL Financial Services, LLC (Managing Member)
    

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.


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The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2012 are not necessarily indicative of the results to be expected for the full year.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no significant impact on the reported financial position or results of operations.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> In preparing the accompanying unaudited financial statements, the Managing Member has reviewed events that have occurred after September 30, 2012, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, or adjustments thereto.</p> </div> <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> During the three and nine months ended September 30, 2012 and 2011, AFS and/or affiliates earned fees and commissions, and billed for reimbursements, pursuant to the Operating Agreement as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months Ended<br /> September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months Ended<br /> September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Costs reimbursed to Managing Member and/or affiliates</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;191</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;218</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;602</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;669</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Asset management fees to Managing Member and/or affiliates</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 157</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 201</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 463</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 576</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 348</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 419</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,065</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,245</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> -36000 <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 4. Allowance for credit losses:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company&#x2019;s allowance for credit losses are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="11">Accounts Receivable Allowance<br /> for Doubtful Accounts</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Valuation Adjustments on<br /> Financing Receivables</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Allowance for<br /> Credit Losses</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Notes<br /> Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Finance<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Operating<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Notes<br /> Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Finance<br /> Leases</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Balance December 31, 2010</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;19</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;46</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;174</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;239</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Reversal of Provision</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (19</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (36</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (114</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (169</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Balance December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">10</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">60</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">70</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> (Reversal of provision) provision</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (10</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (55</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 54</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (11</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Balance September 30, 2012</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 59</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Accounts receivable</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Accounts receivable represent the amounts billed under operating and direct financing lease contracts, and notes receivable which are currently due to the Company.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received. Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management&#x2019;s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases contracts and notes receivable are applied only against outstanding principal balances.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Financing receivables</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on notes receivable and direct financing leases.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Notes are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the note agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. If it is determined that a loan is impaired with regard to scheduled payments, the Company will perform an analysis of the note to determine if an impairment valuation reserve is necessary. This analysis considers the estimated cash flows from the note, or the collateral value of the property underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset&#x2019;s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the market place are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of September 30, 2012 and December 31, 2011, the Company&#x2019;s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> September 30, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Notes Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Finance Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> Allowance for credit losses:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: individually evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: collectively evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: loans acquired with deteriorated credit quality</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> Financing receivables:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,176<sup>1</sup></td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,843<sup>2</sup></td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 14,019</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: individually evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,176</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,843</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 14,019</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: collectively evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: loans acquired with deteriorated credit quality</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="TEXT-ALIGN: left; LINE-HEIGHT: 12pt; FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal"> <td style="WIDTH: 1px"></td> <td style="TEXT-ALIGN: left; WIDTH: 10px"><sup>1</sup></td> <td style="TEXT-ALIGN: left">Includes $2 of unamortized initial direct costs.</td> </tr> </table> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="TEXT-ALIGN: left; LINE-HEIGHT: 12pt; FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal"> <td style="WIDTH: 1px"></td> <td style="TEXT-ALIGN: left; WIDTH: 10px"><sup>2</sup></td> <td style="TEXT-ALIGN: left">Includes $27 of unamortized initial direct costs.</td> </tr> </table> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Notes<br /> Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Finance<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> Allowance for credit losses:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: individually evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: collectively evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: loans acquired with deteriorated credit quality</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> Financing receivables:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,721<sup>3</sup></td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,891<sup>4</sup></td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,612</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: individually evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,721</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,891</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,612</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: collectively evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: loans acquired with deteriorated credit quality</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="TEXT-ALIGN: left; LINE-HEIGHT: 12pt; FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal"> <td style="WIDTH: 1px"></td> <td style="TEXT-ALIGN: left; WIDTH: 10px"><sup>3</sup></td> <td style="TEXT-ALIGN: left">Includes $3 of unamortized initial direct costs.</td> </tr> </table> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="TEXT-ALIGN: left; LINE-HEIGHT: 12pt; FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal"> <td style="WIDTH: 1px"></td> <td style="TEXT-ALIGN: left; WIDTH: 10px"><sup>4</sup></td> <td style="TEXT-ALIGN: left">Includes $39 of unamortized initial direct costs.</td> </tr> </table> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company evaluates the credit quality of its financing receivables on a scale equivalent to the following quality indicators related to corporate risk profiles:</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Pass&#xA0;&#x2013;&#xA0;Any account whose lessee/debtor, co-lessee/debtor or any guarantor has a credit rating on publicly traded or privately placed debt issues as rated by Moody&#x2019;s or S&amp;P for either Senior Unsecured debt, Long Term Issuer rating or Issuer rating that are in the tiers of ratings generally recognized by the investment community as constituting an Investment Grade credit rating; or, has been determined by the Manager to be an Investment Grade Equivalent or High Quality Corporate Credit per its Credit Policy or has a Not Rated internal rating by the Manager and the account is not considered by the Chief Credit Officer of the Manager to fall into one of the three risk profiles below.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Special Mention&#xA0;&#x2013;&#xA0;Any traditional corporate type account with potential weaknesses (e.g. large net losses or major industry downturns) or, any growth capital account that has less than three months of cash as of the end of the calendar quarter to fund their continuing operations. These accounts deserve management&#x2019;s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the Fund&#x2019;s receivable at some future date.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Substandard&#xA0;&#x2013;&#xA0;Any account that is inadequately protected by the current worth and paying capacity of the borrower or of the collateral pledged, if any. Accounts that are so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Fund will sustain some loss as the likelihood of fully collecting all receivables may be questionable if the deficiencies are not corrected. Such accounts are on the Manager&#x2019;s Credit Watch List.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Doubtful&#xA0;&#x2013;&#xA0;Any account where the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Accordingly, an account that is so classified is on the Manager&#x2019;s Credit Watch List, and has been declared in default and the Manager has repossessed, or is attempting to repossess, the equipment it financed. This category includes impaired notes and leases as applicable.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> At September 30, 2012 and December 31, 2011, the Company&#x2019;s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Notes Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Finance Leases</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">September 30, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">September 30, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">December 31, 2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Pass</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;333</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;642</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;12,777</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;13,754</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Special mention</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">841</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,076</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">39</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">98</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Substandard</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Doubtful</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,174</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,718</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,816</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,852</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> At September 30, 2012 and December 31, 2011, the investment in financing receivables is aged as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> September 30, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">30&#xA0;&#x2013;&#xA0;59 Days<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">60&#xA0;&#x2013;&#xA0;89 Days<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Greater Than<br /> 90 Days</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Current</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Financing<br /> Receivables</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Recorded Investment<br /> &gt; 90<br /> Days and<br /> Accruing</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Notes receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;1,174</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;1,174</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Finance leases</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 9</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,807</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,816</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 9</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,981</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,990</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">30&#xA0;&#x2013;&#xA0;59 Days<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">60&#xA0;&#x2013;&#xA0;89 Days<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Greater Than<br /> 90 Days</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Current</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Financing Receivables</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Recorded Investment<br /> &gt; 90<br /> Days and<br /> Accruing</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Notes receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;1,718</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;1,718</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Finance leases</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,841</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,852</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,559</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,570</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As discussed in Note 3, the Company recorded a $54 thousand fair value adjustment during the first six months of 2012 to reduce the cost basis of an impaired note. There was no additional adjustment recorded during the current quarter. As of September 30, 2012, the account receivable associated with the impaired note was current. The Company did not carry an impairment reserve on its financing receivables at December 31, 2011.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of September 30, 2012 and December 31, 2011, certain investments in financing receivables with related accounts receivable past due more than 90 days are still on an accrual basis based on management&#x2019;s assessment of the collectability of such receivables. However, these accounts receivable were fully reserved and included in the allowance for doubtful accounts presented above.</p> </div> 33000 <div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Segment reporting:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company&#x2019;s total revenues for the nine months ended September 30, 2012 and 2011 and long-lived tangible assets as of September 30, 2012 and December 31, 2011 (dollars in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="15">Nine Months Ended September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Revenue<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> United States</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;9,668</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;95</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;10,652</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;94</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> United Kingdom</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">257</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">3</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">338</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">3</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> Canada</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 246</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 301</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total International</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 503</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 639</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 6</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 10,171</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11,291</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">As of September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">As of December 31,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Long-lived assets<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> United States</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;26,624</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;98</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;30,424</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;97</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> United Kingdom</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">149</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">0</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">182</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">1</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> Canada</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 450</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 586</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total International</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 599</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 768</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 27,223</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 31,192</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> </table> </div> </div> 543000 113000 72000 5000 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The table below summarizes geographic information relating to the sources, by nation, of the Company&#x2019;s total revenues for the nine months ended September 30, 2012 and 2011 and long-lived tangible assets as of September 30, 2012 and December 31, 2011 (dollars in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="15">Nine Months Ended September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Revenue<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> United States</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;9,668</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;95</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;10,652</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;94</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> United Kingdom</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">257</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">3</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">338</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">3</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> Canada</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 246</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 301</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total International</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 503</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 639</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 6</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 10,171</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11,291</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">As of September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">As of December 31,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Long-lived assets<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> United States</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;26,624</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;98</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;30,424</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;97</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> United Kingdom</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">149</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">0</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">182</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">1</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> Canada</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 450</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 586</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total International</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 599</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 768</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 27,223</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 31,192</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> </table> </div> </div> <div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Recent accounting pronouncements:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> In May 2011, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) and International Accounting Standards Board (&#x201C;IASB&#x201D;) (collectively the &#x201C;Boards&#x201D;) issued Accounting Standards Update (&#x201C;ASU&#x201D;) No. 2011-04, &#x201C;Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.&#x201D; ASU 2011-04 created a uniform framework for applying fair value measurement principles for companies around the world and clarified existing guidance in US GAAP. ASU 2011-04 is effective for the first interim or annual reporting period beginning after December 15, 2011 and shall be applied prospectively. The Company adopted the provisions of ASU 2011-04 effective January 1, 2012. The fair value measurement provisions of ASU 2011-04 had no material impact on the Company&#x2019;s financial position or results of operations.</p> </div> <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 10. Guarantees:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company enters into contracts that contain a variety of indemnifications. The Company&#x2019;s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Managing Member knows of no facts or circumstances that would make the Company&#x2019;s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the Company believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Company&#x2019;s similar commitments is remote. Should any such indemnification obligation become payable, the Company would separately record and/or disclose such liability in accordance with GAAP.</p> </div> <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 12. Fair value measurements:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows:</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Level 1&#xA0;&#x2013;&#xA0;Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, generally on a national exchange.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Level 2&#xA0;&#x2013;&#xA0;Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Level 3&#xA0;&#x2013;&#xA0;Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company had no assets or liabilities that require measurement at fair value on a recurring basis at September 30, 2012 and December 31, 2011.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> During the three and nine months ended September 30, 2012, the Company recorded non-recurring adjustments to reflect the fair values of certain impaired off-lease equipment and notes receivable. By comparison, during the third quarter 2011, the Company recorded fair value adjustments to only reflect the fair value of impaired off-lease equipment. In the previous six months of 2011, the Company had recorded a non-recurring adjustment to an impaired investment security. Amounts at September 30, 2012 and December 31, 2011 reflect the fair value of the then existing impaired assets.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company&#x2019;s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company&#x2019;s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department personnel who are familiar with the Company&#x2019;s investments in equipment, notes receivable and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The measurement methodologies are as follows:</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Impaired notes receivable</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The fair value of the Company&#x2019;s notes receivable is estimated using either third party appraisals of collateral or discounted cash flow analyses based upon current market rates for similar types of lending arrangements, with adjustments for non-accrual loans as deemed necessary. The Company had previously recorded $54 thousand of fair value adjustments to reduce the cost basis of a note deemed impaired during the first six months of 2012. The adjustment was non-recurring and was based upon an independent appraisal of the underlying collateral. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired note receivable is classified within Level 3 of the valuation hierarchy. Such valuation utilizes a market approach technique and uses inputs from third party appraisers that utilize current market transactions as adjusted for certain factors specific to the underlying collateral. There were no additional adjustments during the three months ended September 30, 2012. In addition, there were no impairment losses recorded on notes receivable during the first nine months of 2011, and through December 31, 2011.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Impaired off-lease equipment</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> During the three and nine months ended September 30, 2012, the Company recorded $18 thousand and $72 thousand of fair value adjustments which reduced the fair value of certain impaired off-lease equipment. By comparison, during the third quarter of 2011, the Company recorded $65 thousand of fair value adjustments to impaired off-lease equipment. There were no fair value adjustments recorded during the previous six months. The adjustments for both fiscal periods were non-recurring. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair values of such impaired off-lease equipment are classified within Level 3 of the valuation hierarchy as the data sources utilized for the valuation of the assets reflect significant inputs that are unobservable in the market. Such valuation utilizes a market approach technique and uses inputs that reflect the sales price of similar assets sold by affiliates and/or information from third party remarketing agents not readily available in the market.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Impaired investment securities</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company&#x2019;s investment securities are not registered for public sale and are carried at cost. The investment securities are adjusted for impairment, if any, based upon factors which include, but are not limited to, available financial information, the issuer&#x2019;s ability to meet its current obligations and indications of the issuer&#x2019;s subsequent ability to raise capital. The Company did not record any fair value adjustments relative to impaired investment securities during the first nine months of 2012.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> During the first three quarters of 2011, the Company had recorded a fair value adjustment of $41 thousand which reduced the cost basis of an investment security deemed impaired at March 31, 2011. The non-recurring fair value adjustment was a result of an approximate 66% reduction in valuation based upon cash payments received in a private transaction whereby the Fund liquidated its warrant position. Such transaction was pursuant to the investee&#x2019;s acquisition by a third party. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired investment is classified within Level 3 of the valuation hierarchy as the third party&#x2019;s valuation of the investee included significant inputs that are unobservable in the market. The impaired security was disposed of during the second quarter of 2011. There were no additional fair value adjustments recorded against investment securities through December 31, 2011.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The following table presents the fair value measurement of assets and liabilities measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at September 30, 2012 and December 31, 2011 (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">September 30,<br /> 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 1<br /> Estimated<br /> Fair Value</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 2<br /> Estimated<br /> Fair Value</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 3<br /> Estimated<br /> Fair Value</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Assets measured at fair value on a non-recurring basis:</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Impaired off-lease assets</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;14</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;14</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Impaired notes receivable, net</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">147</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">147</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 1<br /> Estimated<br /> Fair Value</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 2<br /> <br /> Estimated<br /> Fair Value</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 3<br /> Estimated Fair Value</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Assets measured at fair value on a non-recurring basis:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Impaired off-lease assets</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;88</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;88</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The following disclosure of the estimated fair value of financial instruments is made in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification. Fair value estimates, methods and assumptions, set forth below for the Company&#x2019;s financial instruments, are made solely to comply with the requirements of the Financial Instruments Topic and should be read in conjunction with the Company&#x2019;s financial statements and related notes.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company has determined the estimated fair value amounts by using market information and valuation methodologies that it considers appropriate and consistent with the fair value accounting guidance. Considerable judgment is required to interpret market data to develop the estimates of fair value. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Cash and cash equivalents</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The recorded amounts of the Company&#x2019;s cash and cash equivalents approximate fair value because of the liquidity and short-term maturity of these instruments.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Notes receivable</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The fair value of the Company&#x2019;s notes receivable is estimated using either third party appraisals of collateral or discounted cash flow analyses based upon current market rates for similar types of lending arrangements, with adjustments for impaired loans as deemed necessary.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Investment in securities</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company&#x2019;s investment securities are not registered for public sale and are carried at cost which management believes approximates fair value, as appropriately adjusted for impairment.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Non-recourse debt</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The fair value of the Company&#x2019;s non-recourse debt is estimated using discounted cash flow analyses, based upon current market borrowing rates for similar types of borrowing arrangements.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Commitments and Contingencies</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Management has determined that the fair value of contingent liabilities (or guarantees) is not considered material because management believes there has been no event that has occurred wherein a guarantee liability has been incurred or will likely be incurred.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The following tables present a summary of the carrying value and fair value by level of financial instruments not recorded at fair value on the Company&#x2019;s balance sheet at September 30, 2012 and December 31, 2011 (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="19">Fair Value Measurements at September 30, 2012</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Carrying Amount</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 1</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 2</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 3</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Financial assets:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Cash and cash equivalents</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;5,022</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;5,022</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;5,022</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Notes receivable, net</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,122</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,122</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,122</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Investment in securities</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Financial liabilities:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Non-recourse debt</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 18,411</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 19,460</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 19,460</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">December 31, 2011</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Carrying<br /> Amount</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Estimated<br /> Fair Value</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Financial assets:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Cash and cash equivalents</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;5,593</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;5,593</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Notes receivable, net</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,721</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,721</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Financial liabilities:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Non-recourse debt</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 21,394</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 22,674</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 6. Related party transactions:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The terms of the Operating Agreement provide that AFS and/or affiliates are entitled to receive certain fees for equipment management and resale and for management of the Company.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Operating Agreement allows for the reimbursement of costs incurred by AFS for providing administrative services to the Company. Administrative services provided include Company accounting, finance/treasury, investor relations, legal counsel and lease and equipment documentation. AFS is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of equipment. The Company would be liable for certain future costs to be incurred by AFS to manage the administrative services provided to the Company.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Each of ATEL Leasing Corporation (&#x201C;ALC&#x201D;) and AFS is a wholly-owned subsidiary of ATEL Capital Group and performs services for the Company. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; investor relations, communications and general administrative services for the Company are performed by AFS.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Cost reimbursements to the Managing Member are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as managed assets, number of investors or contributed capital based upon the type of cost incurred. The Operating Agreement places an annual limit and a cumulative limit for cost reimbursements to AFS and/or affiliates. Any reimbursable costs incurred by AFS and/or affiliates during the year exceeding the annual and/or cumulative limits cannot be reimbursed in the current year, though such costs may be recovered in future years to the extent of the cumulative limit. As of September 30, 2012, the Company has not exceeded the annual and/or cumulative limitations discussed above.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> During the three and nine months ended September 30, 2012 and 2011, AFS and/or affiliates earned fees and commissions, and billed for reimbursements, pursuant to the Operating Agreement as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months Ended<br /> September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months Ended<br /> September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Costs reimbursed to Managing Member and/or affiliates</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;191</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;218</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;602</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;669</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Asset management fees to Managing Member and/or affiliates</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 157</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 201</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 463</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 576</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 348</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 419</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,065</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,245</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The following tables present a summary of the carrying value and fair value by level of financial instruments not recorded at fair value on the Company&#x2019;s balance sheet at September 30, 2012 and December 31, 2011 (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="19">Fair Value Measurements at September 30, 2012</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Carrying Amount</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 1</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 2</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 3</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Financial assets:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Cash and cash equivalents</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;5,022</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;5,022</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;5,022</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Notes receivable, net</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,122</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,122</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,122</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Investment in securities</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Financial liabilities:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Non-recourse debt</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 18,411</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 19,460</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 19,460</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">December 31, 2011</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Carrying<br /> Amount</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Estimated<br /> Fair Value</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Financial assets:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Cash and cash equivalents</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;5,593</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;5,593</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Notes receivable, net</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,721</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,721</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Financial liabilities:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Non-recourse debt</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 21,394</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 22,674</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> 1015000 6229000 2550000 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months Ended<br /> September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months Ended<br /> September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Distributions declared</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,809</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,809</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,425</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,425</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Weighted average number of Units outstanding</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,055,016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,055,016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,055,016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,055,016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Weighted average distributions per Unit</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 0.15</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 0.15</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 0.45</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 0.45</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> 2048000 -25000 -571000 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of September 30, 2012 and December 31, 2011, the Company&#x2019;s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> September 30, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Notes Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Finance Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> Allowance for credit losses:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: individually evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 54</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: collectively evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: loans acquired with deteriorated credit quality</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> Financing receivables:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,176<sup>1</sup></td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,843<sup>2</sup></td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 14,019</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: individually evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,176</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,843</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 14,019</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: collectively evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: loans acquired with deteriorated credit quality</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="TEXT-ALIGN: left; LINE-HEIGHT: 12pt; FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal"> <td style="WIDTH: 1px"></td> <td style="TEXT-ALIGN: left; WIDTH: 10px"><sup>1</sup></td> <td style="TEXT-ALIGN: left">Includes $2 of unamortized initial direct costs.</td> </tr> </table> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="TEXT-ALIGN: left; LINE-HEIGHT: 12pt; FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal"> <td style="WIDTH: 1px"></td> <td style="TEXT-ALIGN: left; WIDTH: 10px"><sup>2</sup></td> <td style="TEXT-ALIGN: left">Includes $27 of unamortized initial direct costs.</td> </tr> </table> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Notes<br /> Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Finance<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> Allowance for credit losses:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: individually evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: collectively evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: loans acquired with deteriorated credit quality</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> Financing receivables:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,721<sup>3</sup></td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,891<sup>4</sup></td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,612</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: individually evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,721</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,891</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,612</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: collectively evaluated for impairment</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Ending balance: loans acquired with deteriorated credit quality</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="TEXT-ALIGN: left; LINE-HEIGHT: 12pt; FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal"> <td style="WIDTH: 1px"></td> <td style="TEXT-ALIGN: left; WIDTH: 10px"><sup>3</sup></td> <td style="TEXT-ALIGN: left">Includes $3 of unamortized initial direct costs.</td> </tr> </table> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="TEXT-ALIGN: left; LINE-HEIGHT: 12pt; FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal"> <td style="WIDTH: 1px"></td> <td style="TEXT-ALIGN: left; WIDTH: 10px"><sup>4</sup></td> <td style="TEXT-ALIGN: left">Includes $39 of unamortized initial direct costs.</td> </tr> </table> </div> 37000 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The table below details the Company&#x2019;s other expense, net for the three and nine months ended September 30, 2012 and 2011 (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months<br /> Ended September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months<br /> Ended September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Foreign currency loss</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(8</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;(5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(12</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Change in fair value of interest rate swap contracts</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (5</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> </table> </div> </div> 6799000 0.45 1065000 -89000 92000 24000 -8848000 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The following table presents the fair value measurement of assets and liabilities measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at September 30, 2012 and December 31, 2011 (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">September 30,<br /> 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 1<br /> Estimated<br /> Fair Value</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 2<br /> Estimated<br /> Fair Value</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 3<br /> Estimated<br /> Fair Value</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Assets measured at fair value on a non-recurring basis:</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Impaired off-lease assets</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;14</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;14</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Impaired notes receivable, net</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">147</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">147</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 1<br /> Estimated<br /> Fair Value</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 2<br /> <br /> Estimated<br /> Fair Value</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Level 3<br /> Estimated Fair Value</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Assets measured at fair value on a non-recurring basis:<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Impaired off-lease assets</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;88</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;88</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> -12000 130000 19000 5899000 1 69000 12000 12000 10171000 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Future minimum payments of non-recourse debt are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Principal</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Interest</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Three months ending December 31, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,027</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;296</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,323</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Year ending December 31, 2013</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,279</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,015</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,294</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2014</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,568</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">726</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,294</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2015</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,616</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">420</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,036</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2016</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,743</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">133</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,876</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2017</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 178</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 179</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 18,411</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2,591</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 21,002</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> At September 30, 2012 and December 31, 2011, the investment in financing receivables is aged as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> September 30, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">30&#xA0;&#x2013;&#xA0;59 Days<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">60&#xA0;&#x2013;&#xA0;89 Days<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Greater Than<br /> 90 Days</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Current</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Financing<br /> Receivables</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Recorded Investment<br /> &gt; 90<br /> Days and<br /> Accruing</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Notes receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;1,174</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;1,174</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Finance leases</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 9</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,807</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,816</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 9</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,981</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,990</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">30&#xA0;&#x2013;&#xA0;59 Days<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">60&#xA0;&#x2013;&#xA0;89 Days<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Greater Than<br /> 90 Days</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Past Due</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Current</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Financing Receivables</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Recorded Investment<br /> &gt; 90<br /> Days and<br /> Accruing</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Notes receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;1,718</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;1,718</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Finance leases</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,841</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,852</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,559</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,570</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Investment in securities:</h4> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 24px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Purchased securities</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 24px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer&#x2019;s ability to meet its current obligations and indications of the issuer&#x2019;s subsequent ability to raise capital. There were no impaired securities at September 30, 2012 and December 31, 2011. During the first nine months of 2011, the Company had recorded fair value adjustments totaling $41 thousand which reduced the cost basis of certain investments deemed impaired at March 31, 2011. Such investment securities were disposed of during the third quarter of 2011 with minimal gain. There were no investment securities sold or disposed of during the three and nine months ended September 30, 2012. By comparison, the Company recognized $2 thousand and $12 thousand of losses on sales and dispositions of investment securities during the three and nine months ended September 30, 2011.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 24px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Warrants</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 24px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried at an estimated fair value on the balance sheet at the end of the period, as determined by the Managing Member. At September 30, 2012 and December 31, 2011, the Managing Member estimated the fair value of the warrants to be nominal in amount. There were no warrants exercised during the three months ended September 30, 2012 and 2011. During the previous six months of 2012 and 2011, the Company had recorded respective gains of $12 thousand and $83 thousand on the net exercise of certain warrants.</p> </div> <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Property on operating leases consists of the following (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Balance<br /> December 31,<br /> 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Additions</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Reclassifications,<br /> Dispositions &amp;<br /> Impairment Losses</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Balance<br /> September 30,<br /> 2012</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Transportation, other</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;16,205</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,024</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;17,229</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Transportation, rail</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11,900</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">(80</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11,820</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Materials handling</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 9,169</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (960</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 8,209</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Marine vessels</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7,258</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7,258</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Manufacturing</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2,368</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">(51</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2,317</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Natural gas compressors</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,671</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,671</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Construction</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,584</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,705</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,289</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Agriculture</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,151</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,151</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Other</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 84</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (43</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 41</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 51,390</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,595</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 52,985</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Less accumulated depreciation</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (35,733</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (2,547</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (860</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (39,140</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,657</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (2,547</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 735</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,845</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> 988000 <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 9. Commitments and Contingencies:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> At September 30, 2012, the Company had no commitments to purchase lease assets or fund new loans.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Gain Contingency</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> ATEL filed a claim on behalf of the Company and certain affiliated entities in Federal court in New Orleans for the under-reporting of revenue by a fleet manager of three marine vessels, seeking to recover an approximate amount of 10% of gross proceeds, which in the aggregate for all affiliated entities represents $2.8 million for the years 2005&#xA0;&#x2013;&#xA0;2007 (of which the Company&#x2019;s portion is an approximate $350 thousand). The annual allocable portion of the claim is not considered material to the Company in any given year. The trial date for this dispute had been rescheduled several times; however, the trial was ultimately concluded during the first week of August 2012. As of October 10, 2012, the matter has been in the hands of the Federal Judge to render a decision on both the law and the facts. The decision of the Court is imminent, and the Company is hopeful for a recovery of all or portion of its asserted claims, but the outcome of the litigation remains uncertain as of such date. While the Company's recovery with respect to this matter may be significant, there is no assurance that judgment will be rendered in favor of the Company.</p> </div> 285000 -39000 4267000 <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 3. Notes receivable, net:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company has various notes receivable from borrowers who have financed the purchase of equipment through the Company. At September 30, 2012, the original terms of the notes receivable are from 36 to 120 months and bear interest at rates ranging from 8.42% to 16.22%. The notes are secured by the equipment financed. The notes mature from 2013 through 2016.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> During the first six months of 2012, the Company deemed a certain note to be impaired and recorded a fair value adjustment of $54 thousand, which reduced the cost basis of the impaired note. There were no additional adjustments recorded during the three months ended September 2012. Such note is the only loan on non-accrual at September 30, 2012 and has a cost basis of $147 thousand as of the same date. There were neither impaired notes nor notes placed on non-accrual status at December 31, 2011.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of September 30, 2012, the minimum future payments receivable are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="400"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Three months ending December 31, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;196</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Year ending December 31, 2013</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">558</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2014</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">229</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2015</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">165</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 188</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,336</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Less: portion representing unearned interest income</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (162</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,174</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Unamortized initial direct costs</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">2</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Less: allowance for credit losses</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (54</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Notes receivable, net</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,122</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Initial direct costs (&#x201C;IDC&#x201D;) amortization expense related to the notes receivable and the Company&#x2019;s operating and direct financing leases for the three and nine months ended September 30, 2012 and 2011 are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months<br /> Ended September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months<br /> Ended September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> IDC amortization&#xA0;&#x2013;&#xA0;notes receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;3</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> IDC amortization&#xA0;&#x2013;&#xA0;lease assets</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 6</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 8</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 18</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 25</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 6</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 9</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 19</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 28</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> -5000 -5000 <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 2. Summary of significant accounting policies:</h2> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Basis of presentation:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (&#x201C;GAAP&#x201D;) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2012 are not necessarily indicative of the results to be expected for the full year.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no significant impact on the reported financial position or results of operations.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> In preparing the accompanying unaudited financial statements, the Managing Member has reviewed events that have occurred after September 30, 2012, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, or adjustments thereto.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Use of estimates:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Segment reporting:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company&#x2019;s total revenues for the nine months ended September 30, 2012 and 2011 and long-lived tangible assets as of September 30, 2012 and December 31, 2011 (dollars in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="15">Nine Months Ended September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Revenue<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> United States</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;9,668</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;95</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;10,652</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;94</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> United Kingdom</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">257</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">3</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">338</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">3</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> Canada</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 246</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 301</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total International</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 503</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 639</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 6</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 10,171</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11,291</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">As of September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">As of December 31,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">% of Total</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Long-lived assets<br /></td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> United States</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;26,624</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;98</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;30,424</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;97</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> United Kingdom</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">149</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">0</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">182</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">1</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 30pt; VERTICAL-ALIGN: text-bottom"> Canada</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 450</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 586</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total International</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 599</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 768</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 27,223</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 31,192</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 100</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> %&#xA0;</td> </tr> </table> </div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Investment in securities:</h4> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 24px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Purchased securities</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 24px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer&#x2019;s ability to meet its current obligations and indications of the issuer&#x2019;s subsequent ability to raise capital. There were no impaired securities at September 30, 2012 and December 31, 2011. During the first nine months of 2011, the Company had recorded fair value adjustments totaling $41 thousand which reduced the cost basis of certain investments deemed impaired at March 31, 2011. Such investment securities were disposed of during the third quarter of 2011 with minimal gain. There were no investment securities sold or disposed of during the three and nine months ended September 30, 2012. By comparison, the Company recognized $2 thousand and $12 thousand of losses on sales and dispositions of investment securities during the three and nine months ended September 30, 2011.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 24px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Warrants</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 24px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried at an estimated fair value on the balance sheet at the end of the period, as determined by the Managing Member. At September 30, 2012 and December 31, 2011, the Managing Member estimated the fair value of the warrants to be nominal in amount. There were no warrants exercised during the three months ended September 30, 2012 and 2011. During the previous six months of 2012 and 2011, the Company had recorded respective gains of $12 thousand and $83 thousand on the net exercise of certain warrants.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Other expense, net:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Other expense, net consists of gains and losses on interest rate swap contracts, and foreign exchange transactions. The table below details the Company&#x2019;s other expense, net for the three and nine months ended September 30, 2012 and 2011 (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months<br /> Ended September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months<br /> Ended September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Foreign currency loss</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(8</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;(5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(12</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Change in fair value of interest rate swap contracts</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (5</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> </table> </div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Per Unit data:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Net income and distributions per Unit are based upon the weighted average number of Other Members&#x2019; Units outstanding during the period.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Recent accounting pronouncements:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> In May 2011, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) and International Accounting Standards Board (&#x201C;IASB&#x201D;) (collectively the &#x201C;Boards&#x201D;) issued Accounting Standards Update (&#x201C;ASU&#x201D;) No. 2011-04, &#x201C;Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.&#x201D; ASU 2011-04 created a uniform framework for applying fair value measurement principles for companies around the world and clarified existing guidance in US GAAP. ASU 2011-04 is effective for the first interim or annual reporting period beginning after December 15, 2011 and shall be applied prospectively. The Company adopted the provisions of ASU 2011-04 effective January 1, 2012. The fair value measurement provisions of ASU 2011-04 had no material impact on the Company&#x2019;s financial position or results of operations.</p> </div> 2547000 <div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Use of estimates:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.</p> </div> <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 1. Organization and Limited Liability Company matters:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> ATEL Capital Equipment Fund IX, LLC (the &#x201C;Company&#x201D; or the &#x201C;Fund&#x201D;) was formed under the laws of the State of California on September 27, 2000 for the purpose of engaging in the sale of limited liability company investment units and acquiring equipment to engage in equipment leasing, lending and sales activities, primarily in the United States. The Managing Member or Manager of the Company is ATEL Financial Services, LLC (&#x201C;AFS&#x201D;), a California limited liability company. The Company may continue until December 31, 2020. Contributions in the amount of $600 were received as of December 31, 2000, $100 of which represented AFS&#x2019;s continuing interest, and $500 of which represented the Initial Member&#x2019;s capital investment.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company conducted a public offering of 15,000,000 Limited Liability Company Units (&#x201C;Units&#x201D;), at a price of $10 per Unit. On February 21, 2001, subscriptions for the minimum number of Units (120,000, representing $1.2 million) had been received (excluding subscriptions from Pennsylvania investors) and AFS requested that the subscriptions be released to the Company. On that date, the Company commenced operations in its primary business. As of April 3, 2001, the Company had received subscriptions for 753,050 Units ($7.5 million), thus exceeding the $7.5 million minimum requirement for Pennsylvania, and AFS requested that the remaining funds in escrow (from Pennsylvania investors) be released to the Company.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of January 15, 2003, the offering was terminated. As of that date, the Company had received subscriptions for 12,065,266 Units ($120.7 million). Subsequent to January 15, 2003, Units totaling 10,250 were rescinded or repurchased and funds returned to investors (net of distributions paid and allocated syndication costs, as applicable). As of September 30, 2012, 12,055,016 Units remain issued and outstanding.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company&#x2019;s principal objectives are to invest in a diversified portfolio of equipment that (i) preserves, protects and returns the Company&#x2019;s invested capital; (ii) generates regular distributions to the members of cash from operations and cash from sales or refinancing, with any balance remaining after certain minimum distributions to be used to purchase additional equipment during the reinvestment period (&#x201C;Reinvestment Period&#x201D;) (defined as six full years following the year the offering was terminated), which ended on December 31, 2009 and (iii) provides additional distributions following the Reinvestment Period and until all equipment has been sold. The Company is governed by the Limited Liability Company Operating Agreement (&#x201C;Operating Agreement&#x201D;), as amended. On January 1, 2010, the Company commenced liquidation phase activities pursuant to the guidelines of the Operating Agreement.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Pursuant to the terms of the Operating Agreement, AFS receives compensation for services rendered and reimbursements for costs incurred on behalf of the Company (Note 6). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of AFS.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> On or about December 1, 2012, the offices of the Fund and the Manager will be relocated to The Transamerica Pyramid, 600 Montgomery Street, 9th Floor, San Francisco, California 94111. The telephone number for the Manager will be the same in its new location.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> These unaudited interim financial statements should be read in conjunction with the financial statements and notes thereto contained in the report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission.</p> </div> <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> At September 30, 2012 and December 31, 2011, the Company&#x2019;s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Notes Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Finance Leases</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">September 30, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">September 30, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">December 31, 2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Pass</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;333</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;642</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;12,777</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;13,754</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Special mention</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">841</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,076</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">39</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">98</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Substandard</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Doubtful</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,174</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,718</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,816</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,852</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> 2983000 602000 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of September 30, 2012, the minimum future payments receivable are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="400"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Three months ending December 31, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;196</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Year ending December 31, 2013</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">558</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2014</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">229</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2015</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">165</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 188</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,336</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Less: portion representing unearned interest income</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (162</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,174</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Unamortized initial direct costs</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">2</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Less: allowance for credit losses</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (54</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Notes receivable, net</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,122</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> 12055016 972000 602000 478000 124000 250000 463000 440000 3827000 650000 68000 -389000 3580000 -2547000 -735000 12055016 P6Y 0.32 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company&#x2019;s investment in equipment leases consists of the following (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Balance<br /> December 31,<br /> 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Reclassifications,<br /> Additions /<br /> Dispositions and Impairment<br /> Losses</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Depreciation/<br /> Amortization<br /> Expense or<br /> Amortization<br /> of Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Balance<br /> September 30,<br /> 2012</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Net investment in operating leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;15,657</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;735</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;(2,547</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;13,845</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Net investment in direct financing leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,852</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">(21</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (1,015</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,816</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Assets held for sale or lease, net</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,628</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (1,103</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">525</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Initial direct costs, net of accumulated amortization of $77 at September 30, 2012 and $78 at December 31, 2011</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 55</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (18</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 37</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 31,192</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (389</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (3,580</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 27,223</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 7. Non-recourse debt:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> At September 30, 2012, non-recourse debt consists of notes payable to financial institutions. The notes are due in monthly installments. Interest on the notes is at fixed rates ranging from 6.16% to 6.66%. The notes are secured by assignments of lease payments and pledges of assets. At September 30, 2012, gross operating lease rentals and future payments on direct financing leases totaled approximately $20.7 million over the remaining lease terms; and the carrying value of the pledged assets is $15.8 million. The notes mature from 2015 through 2017.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The non-recourse debt does not contain any material financial covenants. The debt is secured by liens granted by the Company to the non-recourse lenders on (and only on) the discounted lease transactions. The lenders have recourse only to the following collateral: the specific leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items. The non-recourse obligation is payable solely out of the respective specific security and the Company does not guarantee (nor is the Company otherwise contractually responsible for) the payment of the non-recourse debt as a general obligation or liability of the Company. Although the Company does not have any direct or general liability in connection with the non-recourse debt apart from the security granted, the Company is directly and generally liable and responsible for certain representations, warranties, and covenants made to the lenders, such as warranties as to genuineness of the transaction parties' signatures, as to the genuineness of the respective lease chattel paper or the transaction as a whole, or as to the Company's good title to or perfected interest in the secured collateral, as well as similar representations, warranties and covenants typically provided by non-recourse borrowers and customary in the equipment finance industry, and are viewed by such industry as being consistent with non-recourse discount financing obligations. Accordingly, as there are no financial covenants or ratios imposed on the Company in connection with the non-recourse debt, the Company has determined that there are no material covenants with respect to the non-recourse debt that warrant footnote disclosure.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Future minimum payments of non-recourse debt are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Principal</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Interest</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Three months ending December 31, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,027</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;296</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,323</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Year ending December 31, 2013</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,279</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,015</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,294</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2014</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,568</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">726</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,294</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2015</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,616</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">420</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,036</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2016</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,743</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">133</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,876</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2017</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 178</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 179</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 18,411</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2,591</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 21,002</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 8. Receivable funding program:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Prior to August 2011, the Company had a $60 million receivables funding program (the &#x201C;RF Program&#x201D;) with a receivables financing company that issued commercial paper rated A1 from Standard and Poor&#x2019;s and P1 from Moody&#x2019;s Investors Service. Under the RF Program, the lender held liens against the Company&#x2019;s assets. The lender was in a first position against certain specified assets and was in either a subordinated or shared position against the remaining assets. The RF Program provided for borrowing at a variable interest rate; and, for the Company to enter into interest rate swap agreements with certain hedge counterparties (also rated A1/P1) to mitigate the interest rate risk associated with a variable interest rate note. The RF Program did not contain any credit risk related default contingencies. As of August 22, 2011, all advances under the RF Program were repaid in full and the program was terminated.</p> </div> <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 5. Investment in equipment and leases, net:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company&#x2019;s investment in equipment leases consists of the following (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Balance<br /> December 31,<br /> 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Reclassifications,<br /> Additions /<br /> Dispositions and Impairment<br /> Losses</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Depreciation/<br /> Amortization<br /> Expense or<br /> Amortization<br /> of Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Balance<br /> September 30,<br /> 2012</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Net investment in operating leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;15,657</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;735</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;(2,547</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;13,845</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Net investment in direct financing leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,852</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">(21</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (1,015</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,816</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Assets held for sale or lease, net</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,628</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (1,103</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">525</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Initial direct costs, net of accumulated amortization of $77 at September 30, 2012 and $78 at December 31, 2011</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 55</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (18</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 37</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 31,192</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (389</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (3,580</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 27,223</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Impairment of investments in leases and assets held for sale or lease:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Management periodically reviews the carrying values of its assets on leases and assets held for lease or sale. Impairment losses are recorded as an adjustment to the net investment in operating leases. During the three months ended September 30, 2012, the Company deemed certain off-lease equipment to be impaired and recorded fair value adjustments totaling $18 thousand which reduced the cost basis of the equipment. Such adjustments were in addition to the $54 thousand of adjustments previously recorded during the first six months of 2012. By comparison, during the third quarter of 2011, the Company recorded fair value adjustments totaling $65 thousand to reduce the cost basis of certain impaired off-lease equipment. Such adjustments represent total impairment losses during the first nine months of 2011.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of September 30, 2012 and December 31, 2011, there were no lease contracts placed in non-accrual status. As of the same dates, the Company has certain other leases that have related accounts receivables aged 90 days or more that have not been placed on non-accrual status. In accordance with Company policy, such receivables are fully reserved. Management continues to closely monitor these leases for any actual change in collectability status and indication of necessary valuation adjustments.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company utilizes a straight line depreciation method for equipment in all of the categories currently in its portfolio of operating lease transactions. Depreciation expense on the Company&#x2019;s equipment was approximately $813 thousand and $1.2 million for the respective three months ended September 30, 2012 and 2011, and was $2.5 million and $3.8 million for the respective nine months ended September 30, 2012 and 2011. All of the leased property was acquired in years beginning with 2002 through 2010.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Operating leases:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Property on operating leases consists of the following (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Balance<br /> December 31,<br /> 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Additions</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Reclassifications,<br /> Dispositions &amp;<br /> Impairment Losses</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Balance<br /> September 30,<br /> 2012</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Transportation, other</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;16,205</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,024</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;17,229</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Transportation, rail</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11,900</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">(80</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 11,820</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Materials handling</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 9,169</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (960</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 8,209</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Marine vessels</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7,258</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7,258</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Manufacturing</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2,368</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">(51</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2,317</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Natural gas compressors</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,671</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,671</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Construction</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,584</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,705</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,289</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Agriculture</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,151</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,151</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Other</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 84</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (43</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 41</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 51,390</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,595</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 52,985</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Less accumulated depreciation</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (35,733</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (2,547</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (860</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (39,140</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 15,657</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (2,547</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 735</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,845</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The average estimated residual value for assets on operating leases was 16% and 18% of the assets&#x2019; original cost at September 30, 2012 and December 31, 2011, respectively. There were no operating leases placed in non-accrual status as of September 30, 2012 and December 31, 2011.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company may earn revenues from its containers, marine vessel and certain other assets based on utilization of such assets or a fixed-term lease. Contingent rentals (i.e., short-term, operating charter hire payments) and the associated expenses are recorded when earned and/or incurred. The revenues associated with these rentals are included as a component of Operating Lease Revenues and totaled $7 thousand and $59 thousand during the respective three months ended September 30, 2012 and 2011. Such revenues totaled $24 thousand and $161 thousand for the respective nine months ended September 30, 2012 and 2011.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> During the third quarter of 2012, certain operating lease equipment suffered a total casualty loss. Pursuant to the lease agreement, the Company recorded a receivable totaling $440 thousand, of which $350 thousand represents calculated gain on the casualty loss. The receivable represent a combination of proceeds for the value of the lost asset and related lost revenue for the remaining term of the lease.</p> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Direct financing leases:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of September 30, 2012 and December 31, 2011, investment in direct financing leases primarily consists of mining, materials handling equipment and research equipment. The components of the Company&#x2019;s investment in direct financing leases as of September 30, 2012 and December 31, 2011 are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="464"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">September 30,<br /> 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">December 31,<br /> 2011</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total minimum lease payments receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;18,272</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;21,780</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Estimated residual values of leased equipment (unguaranteed)</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,574</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,644</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Investment in direct financing leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 21,846</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 25,424</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Less unearned income</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (9,030</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (11,572</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Net investment in direct financing leases</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,816</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,852</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> There was no investment in direct financing lease assets in non-accrual status at September 30, 2012 and December 31, 2011. However, at December 31, 2011, the Company has certain direct financing leases that have related accounts receivables aged 90 days or more that have not been placed on non-accrual status. In accordance with Company policy, such receivables are fully reserved and included in the allowance for doubtful accounts presented in Note 4.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> At September 30, 2012, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Operating<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Direct Financing<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Three months ending December 31, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,212</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,155</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;2,367</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Year ending December 31, 2013</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,210</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,533</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 8,743</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2014</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2,760</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,450</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7,210</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2015</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,403</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,450</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,853</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2016</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">378</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,684</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,062</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2017</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">350</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">350</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Thereafter</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 410</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 410</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 10,723</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 18,272</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 28,995</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 11. Members&#x2019; capital:</h2> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As of September 30, 2012 and December 31, 2011, 12,055,016 Units were issued and outstanding. The Company was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial members (50 Units).</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company has the right, exercisable in the Manager&#x2019;s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100% of the holder&#x2019;s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder&#x2019;s request. The repurchase of Fund Units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Manager on terms it determines to be appropriate under given circumstances, in the event that the Manager deems such repurchase to be in the best interest of the Company; provided, the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled. Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> As defined in the Operating Agreement, the Company&#x2019;s Net Income, Net Losses, and Distributions are to be allocated 92.5% to the Members and 7.5% to AFS. In accordance with the terms of the Operating Agreement, additional allocations of income were made to AFS during the three and nine months ended September 30, 2012 and 2011. The amounts allocated were determined to bring AFS&#x2019;s ending capital account balance to zero at the end of each period.</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months Ended<br /> September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months Ended<br /> September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Distributions declared</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,809</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,809</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,425</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,425</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Weighted average number of Units outstanding</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,055,016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,055,016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,055,016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,055,016</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Weighted average distributions per Unit</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 0.15</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 0.15</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 0.45</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 0.45</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> At September 30, 2012, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Operating<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Direct Financing<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Three months ending December 31, 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,212</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1,155</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;2,367</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">Year ending December 31, 2013</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,210</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,533</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 8,743</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2014</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2,760</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,450</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 7,210</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2015</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1,403</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,450</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5,853</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2016</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">378</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,684</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 4,062</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 2017</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">350</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom">350</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> Thereafter</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 410</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 410</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 10,723</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 18,272</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 28,995</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Other expense, net:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Other expense, net consists of gains and losses on interest rate swap contracts, and foreign exchange transactions. The table below details the Company&#x2019;s other expense, net for the three and nine months ended September 30, 2012 and 2011 (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="544"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months<br /> Ended September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months<br /> Ended September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Foreign currency loss</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(8</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;(5</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(12</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Change in fair value of interest rate swap contracts</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 1</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 5</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (5</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (7</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> </table> </div> </div> 1.00 5425000 440000 -11000 <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The components of the Company&#x2019;s investment in direct financing leases as of September 30, 2012 and December 31, 2011 are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="464"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">September 30,<br /> 2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">December 31,<br /> 2011</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Total minimum lease payments receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;18,272</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;21,780</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Estimated residual values of leased equipment (unguaranteed)</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,574</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 3,644</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Investment in direct financing leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 21,846</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 25,424</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Less unearned income</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (9,030</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (11,572</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Net investment in direct financing leases</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 12,816</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 13,852</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <h4 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Per Unit data:</h4> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Net income and distributions per Unit are based upon the weighted average number of Other Members&#x2019; Units outstanding during the period.</p> </div> <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> Initial direct costs (&#x201C;IDC&#x201D;) amortization expense related to the notes receivable and the Company&#x2019;s operating and direct financing leases for the three and nine months ended September 30, 2012 and 2011 are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="512"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Three Months<br /> Ended September 30,</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Nine Months<br /> Ended September 30,</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2012</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">2011</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> IDC amortization&#xA0;&#x2013;&#xA0;notes receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;3</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> IDC amortization&#xA0;&#x2013;&#xA0;lease assets</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 6</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 8</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 18</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 25</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="BORDER-BOTTOM: white 3pt double; TEXT-INDENT: -10pt; PADDING-LEFT: 20pt; VERTICAL-ALIGN: text-bottom"> Total</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 6</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 9</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 19</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> $</td> <td style="BORDER-BOTTOM: black 3pt double; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> 28</td> <td style="BORDER-BOTTOM: white 3pt double; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> </table> </div> </div> <div> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> The Company&#x2019;s allowance for credit losses are as follows (in thousands):</p> <p style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt"> </p> <div style="TEXT-ALIGN: center"> <table style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; MARGIN: -24pt 0pt 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; FONT-FAMILY: Times New Roman, Times, Serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: normal; PADDING-TOP: 3pt" cellspacing="0" cellpadding="0" width="608"> <tr> <td></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> <td style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; WIDTH: 12px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td colspan="3"></td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> </td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="11">Accounts Receivable Allowance<br /> for Doubtful Accounts</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="7">Valuation Adjustments on<br /> Financing Receivables</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Total<br /> Allowance for<br /> Credit Losses</td> </tr> <tr> <td style="TEXT-ALIGN: left; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold"> &#xA0;&#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Notes<br /> Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Finance<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Operating<br /> Leases</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Notes<br /> Receivable</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; LINE-HEIGHT: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: text-bottom; FONT-WEIGHT: bold" colspan="3">Finance<br /> Leases</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Balance December 31, 2010</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;19</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;46</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;174</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom">$</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;239</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: #ccffcc"> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Reversal of Provision</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (19</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (36</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (114</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> (169</td> <td style="BORDER-BOTTOM: white 1pt solid; TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> )&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white"> <td style="TEXT-INDENT: -10pt; PADDING-LEFT: 10pt; VERTICAL-ALIGN: text-bottom"> Balance December 31, 2011</td> <td style="TEXT-ALIGN: center; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 6px; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> <td style="TEXT-ALIGN: right; VERTICAL-ALIGN: text-bottom"> &#x2014;</td> <td style="TEXT-ALIGN: left; WHITE-SPACE: nowrap; VERTICAL-ALIGN: text-bottom"> &#xA0;</td> 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Financing Receivables By Credit Quality Indicator and Class (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Financing Receivable, Recorded Investment [Line Items]    
Notes Receivable $ 1,174 $ 1,718
Finance Leases 12,816 13,852
Pass
   
Financing Receivable, Recorded Investment [Line Items]    
Notes Receivable 333 642
Finance Leases 12,777 13,754
Special Mention
   
Financing Receivable, Recorded Investment [Line Items]    
Notes Receivable 841 1,076
Finance Leases $ 39 $ 98
XML 15 R54.htm IDEA: XBRL DOCUMENT v2.4.0.6
Distributions to Other Members (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Distribution Made to Member or Limited Partner [Line Items]          
Distributions declared $ 1,809 $ 1,809 $ 5,425 $ 5,425 $ 7,233
Weighted average number of Units outstanding 12,055,016 12,055,016 12,055,016 12,055,016  
Weighted average distributions per Unit $ 0.15 $ 0.15 $ 0.45 $ 0.45 $ 0.60
XML 16 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Atel Financial Services and/ or Affiliates Earned Fees, Commissions, and Billed for Reimbursements Pursuant to Operating Agreement (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Related Party Transaction [Line Items]        
Costs reimbursed to Managing Member and/or affiliates $ 191 $ 218 $ 602 $ 669
Asset management fees to Managing Member and/or affiliates 157 201 463 576
Related Party Transaction, Amounts of Transaction, Total $ 348 $ 419 $ 1,065 $ 1,245
XML 17 R55.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Jun. 30, 2012
Sep. 30, 2012
Sep. 30, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Fair value adjustment on notes receivable     $ 54    
Impairment losses 18 65 54 72 65
Fair Value, Measurements, Nonrecurring
         
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Fair value adjustment on notes receivable     54    
Impairment losses 18 65   72  
Change in valuation, percentage   (66.00%)     (66.00%)
Fair Value, Measurements, Nonrecurring | Securities Investment
         
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Impairment losses         $ 41
XML 18 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Components of Company's Investment In Direct Financing Leases (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Capital Leased Assets [Line Items]    
Total minimum lease payments receivable $ 18,272 $ 21,780
Estimated residual values of leased equipment (unguaranteed) 3,574 3,644
Investment in direct financing leases 21,846 25,424
Less unearned income (9,030) (11,572)
Net investment in direct financing leases $ 12,816 $ 13,852
XML 19 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Notes Receivable, Net - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Fair value adjustment on notes receivable $ 54  
Cost basis of non-accrual note   $ 147
Minimum
   
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Terms of the notes receivable   36 months
Notes receivable, interest rates   8.42%
Notes maturity Period   2013
Maximum
   
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Terms of the notes receivable   120 months
Notes receivable, interest rates   16.22%
Notes maturity Period   2016
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Estimated Fair Values of Financial Instruments (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Carrying Amount
   
Financial assets:    
Cash and cash equivalents $ 5,022 $ 5,593
Notes receivable, net 1,122 1,721
Investment in securities 5  
Financial liabilities:    
Non-recourse debt 18,411 21,394
Estimated Fair Value
   
Financial assets:    
Cash and cash equivalents 5,022 5,593
Notes receivable, net 1,122 1,721
Investment in securities 5  
Financial liabilities:    
Non-recourse debt 19,460 22,674
Estimated Fair Value | Level 1 Estimated Fair Value
   
Financial assets:    
Cash and cash equivalents 5,022  
Estimated Fair Value | Level 3 Estimated Fair Value
   
Financial assets:    
Notes receivable, net 1,122  
Investment in securities 5  
Financial liabilities:    
Non-recourse debt $ 19,460  

XML 23 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2012
Atel Financial Services and/ or Affiliates Earned Fees, Commissions, and Billed for Reimbursements Pursuant to Operating Agreement

During the three and nine months ended September 30, 2012 and 2011, AFS and/or affiliates earned fees and commissions, and billed for reimbursements, pursuant to the Operating Agreement as follows (in thousands):

       
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
     2012   2011   2012   2011
Costs reimbursed to Managing Member and/or affiliates   $       191     $      218     $       602     $       669  
Asset management fees to Managing Member and/or affiliates     157       201       463       576  
     $ 348     $ 419     $ 1,065     $ 1,245  
XML 24 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Future Minimum Payments of Non-recourse Debt (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Principal  
Three months ending December 31, 2012 $ 1,027
Year ending December 31, 2013 4,279
2014 4,568
2015 4,616
2016 3,743
2017 178
Long-term Debt, Total 18,411
Interest  
Three months ending December 31, 2012 296
Year ending December 31, 2013 1,015
2014 726
2015 420
2016 133
2017 1
Long Term Debt Interest, Total 2,591
Total  
Three months ending December 31, 2012 1,323
Year ending December 31, 2013 5,294
2014 5,294
2015 5,036
2016 3,876
2017 179
Long Term Debt Principal and Interest, Total $ 21,002
XML 25 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment In Leases (Detail) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Leases Disclosure [Line Items]  
Balance December 31, 2011 $ 31,192
Reclassifications, Additions / Dispositions and Impairment Losses (389)
Depreciation/ Amortization Expense or Amortization of Leases (3,580)
Balance September 30, 2012 27,223
Operating Leases
 
Leases Disclosure [Line Items]  
Balance December 31, 2011 15,657
Reclassifications, Additions / Dispositions and Impairment Losses 735
Depreciation/ Amortization Expense or Amortization of Leases (2,547)
Balance September 30, 2012 13,845
Direct Financing Leases
 
Leases Disclosure [Line Items]  
Balance December 31, 2011 13,852
Reclassifications, Additions / Dispositions and Impairment Losses (21)
Depreciation/ Amortization Expense or Amortization of Leases (1,015)
Balance September 30, 2012 12,816
Assets held for sale or lease
 
Leases Disclosure [Line Items]  
Balance December 31, 2011 1,628
Reclassifications, Additions / Dispositions and Impairment Losses (1,103)
Balance September 30, 2012 525
Initial direct costs
 
Leases Disclosure [Line Items]  
Balance December 31, 2011 55
Depreciation/ Amortization Expense or Amortization of Leases (18)
Balance September 30, 2012 $ 37
XML 26 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Allowance for Credit Losses and Recorded Investment in Financing Receivables (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Allowance for credit losses:    
Ending balance $ 54  
Ending balance: individually evaluated for impairment 54  
Ending balance: collectively evaluated for impairment      
Ending balance: loans acquired with deteriorated credit quality      
Financing receivables:    
Ending balance 14,019 15,612
Ending balance: individually evaluated for impairment 14,019 15,612
Ending balance: collectively evaluated for impairment      
Ending balance: loans acquired with deteriorated credit quality      
Notes Receivable
   
Allowance for credit losses:    
Ending balance 54  
Ending balance: individually evaluated for impairment 54  
Ending balance: collectively evaluated for impairment      
Ending balance: loans acquired with deteriorated credit quality      
Financing receivables:    
Ending balance 1,176 [1] 1,721 [2]
Ending balance: individually evaluated for impairment 1,176 1,721
Ending balance: collectively evaluated for impairment      
Ending balance: loans acquired with deteriorated credit quality      
Finance Leases
   
Allowance for credit losses:    
Ending balance: collectively evaluated for impairment      
Ending balance: loans acquired with deteriorated credit quality      
Financing receivables:    
Ending balance 12,843 [3] 13,891 [4]
Ending balance: individually evaluated for impairment 12,843 13,891
Ending balance: collectively evaluated for impairment      
Ending balance: loans acquired with deteriorated credit quality      
[1] Includes $2 of unamortized initial direct costs.
[2] Includes $3 of unamortized initial direct costs.
[3] Includes $27 of unamortized initial direct costs.
[4] Includes $39 of unamortized initial direct costs.
XML 27 R52.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments and Contingencies - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Vessel
Gain Contingencies [Line Items]  
Gain contingency, number of vessels 3
Gain contingency, percentage of gross proceeds 10.00%
Gain contingency $ 2,800
ATEL Capital Equipment Fund IX, LLC
 
Gain Contingencies [Line Items]  
Gain contingency $ 350
XML 28 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
Future Minimum Lease Payments Receivable (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Operating Leases  
Three months ending December 31, 2012 $ 1,212
Year ending December 31, 2013 4,210
2014 2,760
2015 1,403
2016 378
2017 350
Thereafter 410
Operating Leases, Future Minimum Payments Receivable, Total 10,723
Direct Financing Leases  
Three months ending December 31, 2012 1,155
Year ending December 31, 2013 4,533
2014 4,450
2015 4,450
2016 3,684
2017   
Thereafter   
Capital Leases, Future Minimum Payments Receivable, Total 18,272
Total  
Three months ending December 31, 2012 2,367
Year ending December 31, 2013 8,743
2014 7,210
2015 5,853
2016 4,062
2017 350
Thereafter 410
Operating and Capital Leases, Future Minimum Payments, Receivable, Total $ 28,995
XML 29 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies
9 Months Ended
Sep. 30, 2012
Summary of Significant Accounting Policies

2. Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2012 are not necessarily indicative of the results to be expected for the full year.

Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no significant impact on the reported financial position or results of operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying unaudited financial statements, the Managing Member has reviewed events that have occurred after September 30, 2012, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, or adjustments thereto.

Use of estimates:

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the nine months ended September 30, 2012 and 2011 and long-lived tangible assets as of September 30, 2012 and December 31, 2011 (dollars in thousands):

       
  Nine Months Ended September 30,
     2012   % of Total   2011   % of Total
Revenue
                                   
United States   $    9,668              95   $   10,652               94
United Kingdom     257       3     338       3
Canada     246       2     301       3
Total International     503       5     639       6
Total   $ 10,171       100   $ 11,291       100

       
  As of September 30,   As of December 31,
     2012   % of Total   2011   % of Total
Long-lived assets
                                   
United States   $   26,624              98   $   30,424               97
United Kingdom     149       0     182       1
Canada     450       2     586       2
Total International     599       2     768       3
Total   $ 27,223       100   $ 31,192       100

Investment in securities:

Purchased securities

Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. There were no impaired securities at September 30, 2012 and December 31, 2011. During the first nine months of 2011, the Company had recorded fair value adjustments totaling $41 thousand which reduced the cost basis of certain investments deemed impaired at March 31, 2011. Such investment securities were disposed of during the third quarter of 2011 with minimal gain. There were no investment securities sold or disposed of during the three and nine months ended September 30, 2012. By comparison, the Company recognized $2 thousand and $12 thousand of losses on sales and dispositions of investment securities during the three and nine months ended September 30, 2011.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried at an estimated fair value on the balance sheet at the end of the period, as determined by the Managing Member. At September 30, 2012 and December 31, 2011, the Managing Member estimated the fair value of the warrants to be nominal in amount. There were no warrants exercised during the three months ended September 30, 2012 and 2011. During the previous six months of 2012 and 2011, the Company had recorded respective gains of $12 thousand and $83 thousand on the net exercise of certain warrants.

Other expense, net:

Other expense, net consists of gains and losses on interest rate swap contracts, and foreign exchange transactions. The table below details the Company’s other expense, net for the three and nine months ended September 30, 2012 and 2011 (in thousands):

       
  Three Months
Ended September 30,
  Nine Months
Ended September 30,
     2012   2011   2012   2011
Foreign currency loss   $     —     $      (8   $     (5   $      (12
Change in fair value of interest rate swap contracts           1             5  
     $     $ (7   $ (5   $ (7

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

Recent accounting pronouncements:

In May 2011, the Financial Accounting Standards Board (“FASB”) and International Accounting Standards Board (“IASB”) (collectively the “Boards”) issued Accounting Standards Update (“ASU”) No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” ASU 2011-04 created a uniform framework for applying fair value measurement principles for companies around the world and clarified existing guidance in US GAAP. ASU 2011-04 is effective for the first interim or annual reporting period beginning after December 15, 2011 and shall be applied prospectively. The Company adopted the provisions of ASU 2011-04 effective January 1, 2012. The fair value measurement provisions of ASU 2011-04 had no material impact on the Company’s financial position or results of operations.

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M97AT4&%R=%\Q,#%F,F4Q-%\T-C4Q7S1F9#%?8C$U,E\S9C`V839B86,X8V0- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3`Q9C)E,31?-#8U,5\T M9F0Q7V(Q-3)?,V8P-F$V8F%C.&-D+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B M;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q M,#%F,F4Q-%\T-C4Q7S1F9#%?8C$U,E\S9C`V839B86,X8V0-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3`Q9C)E,31?-#8U,5\T9F0Q7V(Q-3)? M,V8P-F$V8F%C.&-D+U=O&UL#0I#;VYT96YT M+51R86YS9F5R+45N8V]D:6YG.B!Q=6]T960M<')I;G1A8FQE#0I#;VYT96YT M+51Y<&4Z('1E>'0O:'1M;#L@8VAA&UL;G,Z;STS1")U'1087)T7S$P,68R93$T7S0V =-3%?-&9D,5]B,34R7S-F,#9A-F)A8SAC9"TM#0H` ` end XML 31 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment In Leases (Parenthetical) (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Leases Disclosure [Line Items]    
Initial direct costs, Accumulated amortization $ 77 $ 78

XML 32 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization and Limited Liability Company Matters - Additional Information (Detail) (USD $)
1 Months Ended 9 Months Ended
Jan. 15, 2003
Apr. 03, 2001
Feb. 21, 2001
Dec. 31, 2000
Sep. 30, 2012
Dec. 31, 2011
Contributions of capital       $ 600    
Partnership termination date       Dec. 31, 2020    
Public offering of Limited Liability Company Units     15,000,000      
Public offering of Limited Liability Company Units, price per unit     $ 10      
Sale of Limited Liability Company Units, number of units 12,065,266 753,050 120,000      
Proceeds from Issuance of Limited Liability Company Units 120,700,000   1,200,000      
Repurchase of units, number of units 10,250          
Units issued         12,055,016 12,055,016
Units outstanding         12,055,016 12,055,016
Reinvestment period         6 years  
Minimum
           
Contributions of capital   7,500,000        
Amount of aggregate subscriptions for Pennsylvania subscriptions to be released to the Fund   7,500,000        
Atel Financial Services Llc
           
Capital investment       100    
Members Equity Contributions
           
Contributions of capital       $ 500    
XML 33 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2012
Fair Value Measurement Of Assets And Liabilities Measured at Fair Value On a Non-Recurring Basis

The following table presents the fair value measurement of assets and liabilities measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at September 30, 2012 and December 31, 2011 (in thousands):

       
  September 30,
2012
  Level 1
Estimated
Fair Value
  Level 2
Estimated
Fair Value
  Level 3
Estimated
Fair Value
Assets measured at fair value on a non-recurring basis:                                    
Impaired off-lease assets   $        14     $      —     $      —     $     14  
Impaired notes receivable, net     147                   147  

       
  December 31, 2011   Level 1
Estimated
Fair Value
  Level 2

Estimated
Fair Value
  Level 3
Estimated Fair Value
Assets measured at fair value on a non-recurring basis:
                                   
Impaired off-lease assets   $        88     $      —     $      —     $      88  
Estimated Fair Values of Financial Instruments

The following tables present a summary of the carrying value and fair value by level of financial instruments not recorded at fair value on the Company’s balance sheet at September 30, 2012 and December 31, 2011 (in thousands):

         
  Fair Value Measurements at September 30, 2012
     Carrying Amount   Level 1   Level 2   Level 3   Total
Financial assets:
                                            
Cash and cash equivalents   $     5,022     $     5,022     $       —     $       —     $   5,022  
Notes receivable, net     1,122                   1,122       1,122  
Investment in securities     5                   5       5  
Financial liabilities:
                                            
Non-recourse debt     18,411                   19,460       19,460  

         
  December 31, 2011
     Carrying
Amount
  Estimated
Fair Value
Financial assets:
                                            
Cash and cash equivalents   $     5,593     $     5,593                             
Notes receivable, net     1,721       1,721                             
Financial liabilities:
                                            
Non-recourse debt     21,394       22,674                             
XML 34 R56.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurement Of Assets And Liabilities Measured at Fair Value On Non-Recurring Basis (Detail) (Fair Value, Measurements, Nonrecurring, USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Impaired off-lease assets $ 14 $ 88
Impaired notes receivable, net 147  
Level 3 Estimated Fair Value
   
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Impaired off-lease assets 14 88
Impaired notes receivable, net $ 147  
XML 35 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment in Equipment and Leases, Net - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Jun. 30, 2012
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Leases Disclosure [Line Items]            
Impairment losses on equipment $ 18 $ 65 $ 54 $ 72 $ 65  
Depreciation of operating lease assets 813 1,208   2,547 3,777  
Average estimated residual value of assets on operating leases 16.00%     16.00%   18.00%
Revenues from contingent rentals 7 59   24 161  
Amount due from settlement of lease asset casualty 440     440    
Gain from settlement of lease asset casualty $ 350     $ 350    
XML 36 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2012
Jun. 30, 2012
Jun. 30, 2011
Sep. 30, 2012
Segment
Sep. 30, 2011
Summary Of Significant Accounting Policies [Line Items]          
Number of reportable segments       1  
Impairment of investment security         $ 41
Loss on sales and dispositions of investment securities (2)     (12)  
Gain form exercise of warrants   $ 12 $ 83    
XML 37 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Geographic Information Relating to Sources, by Nation, of Total Revenues and Long-Lived Tangible Assets (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue $ 3,396 $ 3,584 $ 10,171 $ 11,291  
Percentage of total revenue     100.00% 100.00%  
Long-lived assets (net) 27,223   27,223   31,192
Percentage of long-lived assets 100.00%   100.00%   100.00%
UNITED STATES
         
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue     9,668 10,652  
Percentage of total revenue     95.00% 94.00%  
Long-lived assets (net) 26,624   26,624   30,424
Percentage of long-lived assets 98.00%   98.00%   97.00%
UNITED KINGDOM
         
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue     257 338  
Percentage of total revenue     3.00% 3.00%  
Long-lived assets (net) 149   149   182
Percentage of long-lived assets 0.00%   0.00%   1.00%
CANADA
         
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue     246 301  
Percentage of total revenue     2.00% 3.00%  
Long-lived assets (net) 450   450   586
Percentage of long-lived assets 2.00%   2.00%   2.00%
International
         
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue     503 639  
Percentage of total revenue     5.00% 6.00%  
Long-lived assets (net) $ 599   $ 599   $ 768
Percentage of long-lived assets 2.00%   2.00%   3.00%
XML 38 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization and Limited Liability Company Matters
9 Months Ended
Sep. 30, 2012
Organization and Limited Liability Company Matters

1. Organization and Limited Liability Company matters:

ATEL Capital Equipment Fund IX, LLC (the “Company” or the “Fund”) was formed under the laws of the State of California on September 27, 2000 for the purpose of engaging in the sale of limited liability company investment units and acquiring equipment to engage in equipment leasing, lending and sales activities, primarily in the United States. The Managing Member or Manager of the Company is ATEL Financial Services, LLC (“AFS”), a California limited liability company. The Company may continue until December 31, 2020. Contributions in the amount of $600 were received as of December 31, 2000, $100 of which represented AFS’s continuing interest, and $500 of which represented the Initial Member’s capital investment.

The Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $10 per Unit. On February 21, 2001, subscriptions for the minimum number of Units (120,000, representing $1.2 million) had been received (excluding subscriptions from Pennsylvania investors) and AFS requested that the subscriptions be released to the Company. On that date, the Company commenced operations in its primary business. As of April 3, 2001, the Company had received subscriptions for 753,050 Units ($7.5 million), thus exceeding the $7.5 million minimum requirement for Pennsylvania, and AFS requested that the remaining funds in escrow (from Pennsylvania investors) be released to the Company.

As of January 15, 2003, the offering was terminated. As of that date, the Company had received subscriptions for 12,065,266 Units ($120.7 million). Subsequent to January 15, 2003, Units totaling 10,250 were rescinded or repurchased and funds returned to investors (net of distributions paid and allocated syndication costs, as applicable). As of September 30, 2012, 12,055,016 Units remain issued and outstanding.

The Company’s principal objectives are to invest in a diversified portfolio of equipment that (i) preserves, protects and returns the Company’s invested capital; (ii) generates regular distributions to the members of cash from operations and cash from sales or refinancing, with any balance remaining after certain minimum distributions to be used to purchase additional equipment during the reinvestment period (“Reinvestment Period”) (defined as six full years following the year the offering was terminated), which ended on December 31, 2009 and (iii) provides additional distributions following the Reinvestment Period and until all equipment has been sold. The Company is governed by the Limited Liability Company Operating Agreement (“Operating Agreement”), as amended. On January 1, 2010, the Company commenced liquidation phase activities pursuant to the guidelines of the Operating Agreement.

Pursuant to the terms of the Operating Agreement, AFS receives compensation for services rendered and reimbursements for costs incurred on behalf of the Company (Note 6). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of AFS.

On or about December 1, 2012, the offices of the Fund and the Manager will be relocated to The Transamerica Pyramid, 600 Montgomery Street, 9th Floor, San Francisco, California 94111. The telephone number for the Manager will be the same in its new location.

These unaudited interim financial statements should be read in conjunction with the financial statements and notes thereto contained in the report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission.

XML 39 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Other Expense, Net (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Summary Of Significant Accounting Policies [Line Items]      
Foreign currency loss $ (8) $ (5) $ (12)
Change in fair value of interest rate swap contracts 1   5
Other expense, net $ (7) $ (5) $ (7)
XML 40 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Investment In Financing Receivables by Age (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Financing Receivable, Recorded Investment, Past Due [Line Items]    
30 - 59 Days Past Due $ 7 $ 4
60 - 89 Days Past Due      
Greater Than 90 Days 2 7
Total Past Due 9 11
Current 13,981 15,559
Total Financing Receivables 13,990 15,570
Recorded Investment > 90 Days and Accruing 2 7
Notes Receivable
   
Financing Receivable, Recorded Investment, Past Due [Line Items]    
60 - 89 Days Past Due      
Current 1,174 1,718
Total Financing Receivables 1,174 1,718
Finance Leases
   
Financing Receivable, Recorded Investment, Past Due [Line Items]    
30 - 59 Days Past Due 7 4
60 - 89 Days Past Due      
Greater Than 90 Days 2 7
Total Past Due 9 11
Current 12,807 13,841
Total Financing Receivables 12,816 13,852
Recorded Investment > 90 Days and Accruing $ 2 $ 7
XML 41 R53.htm IDEA: XBRL DOCUMENT v2.4.0.6
Members' Capital - Additional Information (Detail)
9 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Other Members Capital Account [Line Items]    
Other Members capital account, units issued 12,055,016 12,055,016
Other Members capital account, units outstanding 12,055,016 12,055,016
Other Members capital account, units authorized 15,000,000 15,000,000
Potential repurchase price of Units as a percentage of holder's capital account 100.00%  
Managing Member
   
Other Members Capital Account [Line Items]    
Members capital account, units issued 50 50
Allocation of net Income or net losses 7.50%  
Other Members
   
Other Members Capital Account [Line Items]    
Allocation of net Income or net losses 92.50%  
XML 42 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 5,022 $ 5,593
Accounts receivable, net of allowance for doubtful accounts of $5 at September 30, 2012 and $70 at December 31, 2011 1,316 900
Notes receivable, net of unearned interest income of $162 and allowance for credit losses of $54 at September 30, 2012 and net of unearned interest income of $255 at December 31, 2011 1,122 1,721
Prepaid expenses and other assets 73 36
Investment in securities 5  
Investments in equipment and leases, net of accumulated depreciation of $41,123 at September 30, 2012 and $41,511 at December 31, 2011 27,223 31,192
Total assets 34,761 39,442
Accounts payable and accrued liabilities:    
Managing Member 40 76
Other 428 467
Deposits due lessees 49 49
Non-recourse debt 18,411 21,394
Unearned operating lease income 234 259
Total liabilities 19,162 22,245
Commitments and contingencies      
Members' capital:    
Managing Member      
Other Members 15,599 17,197
Total Members' capital 15,599 17,197
Total liabilities and Members' capital $ 34,761 $ 39,442
XML 43 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Property On Operating Leases (Detail) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2012
Transportation, other
Sep. 30, 2012
Transportation, rail
Sep. 30, 2012
Materials handling
Sep. 30, 2012
Marine vessels
Dec. 31, 2011
Marine vessels
Sep. 30, 2012
Manufacturing
Sep. 30, 2012
Natural gas compressors
Dec. 31, 2011
Natural gas compressors
Sep. 30, 2012
Construction
Sep. 30, 2012
Agriculture
Dec. 31, 2011
Agriculture
Sep. 30, 2012
Other
Sep. 30, 2012
Total Property Subject To Or Available For Operating Lease
Sep. 30, 2012
Accumulated Depreciation
Property Subject to or Available for Operating Lease [Line Items]                              
Balance December 31, 2011 $ 15,657 $ 16,205 $ 11,900 $ 9,169 $ 7,258 $ 7,258 $ 2,368 $ 1,671 $ 1,671 $ 1,584 $ 1,151 $ 1,151 $ 84 $ 51,390 $ (35,733)
Additions (2,547)                           (2,547)
Reclassifications, Dispositions & Impairment Losses 735 1,024 (80) (960)     (51)     1,705     (43) 1,595 (860)
Balance September 30, 2012 $ 13,845 $ 17,229 $ 11,820 $ 8,209 $ 7,258 $ 7,258 $ 2,317 $ 1,671 $ 1,671 $ 3,289 $ 1,151 $ 1,151 $ 41 $ 52,985 $ (39,140)
XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Changes in Members' Capital (Parenthetical) (USD $)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Distributions to Other Members, per Unit $ 0.15 $ 0.15 $ 0.45 $ 0.45 $ 0.60
XML 45 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Initial Direct Costs, Amortization Expense Related to Notes Receivable and Company's Operating and Direct Finance Leases (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Initial Direct Costs, Notes Receivable and Lease Assets [Line Items]        
Amortization of initial direct costs $ 6 $ 9 $ 19 $ 28
Notes Receivable
       
Initial Direct Costs, Notes Receivable and Lease Assets [Line Items]        
Amortization of initial direct costs   1 1 3
Lease Assets
       
Initial Direct Costs, Notes Receivable and Lease Assets [Line Items]        
Amortization of initial direct costs $ 6 $ 8 $ 18 $ 25
XML 46 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Notes Receivable, Net (Tables)
9 Months Ended
Sep. 30, 2012
Minimum Future Payments Receivable

As of September 30, 2012, the minimum future payments receivable are as follows (in thousands):

 
Three months ending December 31, 2012   $       196  
Year ending December 31, 2013     558  
2014     229  
2015     165  
2016     188  
       1,336  
Less: portion representing unearned interest income     (162
       1,174  
Unamortized initial direct costs     2  
Less: allowance for credit losses     (54
Notes receivable, net   $ 1,122  
Initial Direct Costs, Amortization Expense Related to Notes Receivable and Company's Operating and Direct Finance Leases

Initial direct costs (“IDC”) amortization expense related to the notes receivable and the Company’s operating and direct financing leases for the three and nine months ended September 30, 2012 and 2011 are as follows (in thousands):

       
  Three Months
Ended September 30,
  Nine Months
Ended September 30,
     2012   2011   2012   2011
IDC amortization – notes receivable   $        —     $          1     $          1     $          3  
IDC amortization – lease assets     6       8       18       25  
Total   $ 6     $ 9     $ 19     $ 28  
XML 47 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Allowance for Credit Losses (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Beginning Balance     $ 70 $ 239 $ 239
(Reversal of provision) provision (8) 57 (11) (95) (169)
Ending Balance 59   59   70
Allowance for Doubtful Accounts | Notes Receivable
         
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Beginning Balance       19 19
(Reversal of provision) provision         (19)
Allowance for Doubtful Accounts | Finance Leases Accounts Receivable
         
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Beginning Balance     10 46 46
(Reversal of provision) provision     (10)   (36)
Ending Balance         10
Allowance for Doubtful Accounts | Operating Leases
         
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Beginning Balance     60 174 174
(Reversal of provision) provision     (55)   (114)
Ending Balance 5   5   60
Allowance for Losses on Finance Receivables | Notes Receivable
         
Accounts, Notes, Loans and Financing Receivable [Line Items]          
(Reversal of provision) provision     54    
Ending Balance $ 54   $ 54    
XML 48 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment in Equipment and Leases, Net (Tables)
9 Months Ended
Sep. 30, 2012
Investment In Leases

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

       
  Balance
December 31,
2011
  Reclassifications,
Additions /
Dispositions and Impairment
Losses
  Depreciation/
Amortization
Expense or
Amortization
of Leases
  Balance
September 30,
2012
Net investment in operating leases   $    15,657     $        735     $     (2,547   $   13,845  
Net investment in direct financing leases     13,852       (21     (1,015     12,816  
Assets held for sale or lease, net     1,628       (1,103           525  
Initial direct costs, net of accumulated amortization of $77 at September 30, 2012 and $78 at December 31, 2011     55             (18     37  
Total   $ 31,192     $ (389   $ (3,580   $ 27,223  
Property On Operating Leases

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

       
  Balance
December 31,
2011
  Additions   Reclassifications,
Dispositions &
Impairment Losses
  Balance
September 30,
2012
Transportation, other   $       16,205     $          —     $       1,024     $       17,229  
Transportation, rail     11,900             (80     11,820  
Materials handling     9,169             (960     8,209  
Marine vessels     7,258                   7,258  
Manufacturing     2,368             (51     2,317  
Natural gas compressors     1,671                   1,671  
Construction     1,584             1,705       3,289  
Agriculture     1,151                   1,151  
Other     84             (43     41  
       51,390             1,595       52,985  
Less accumulated depreciation     (35,733     (2,547     (860     (39,140
Total   $ 15,657     $ (2,547   $ 735     $ 13,845  
Components of Company's Investment In Direct Financing Leases

The components of the Company’s investment in direct financing leases as of September 30, 2012 and December 31, 2011 are as follows (in thousands):

   
  September 30,
2012
  December 31,
2011
Total minimum lease payments receivable   $      18,272     $      21,780  
Estimated residual values of leased equipment (unguaranteed)     3,574       3,644  
Investment in direct financing leases     21,846       25,424  
Less unearned income     (9,030     (11,572
Net investment in direct financing leases   $ 12,816     $ 13,852  
Future Minimum Lease Payments Receivable

At September 30, 2012, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

     
  Operating
Leases
  Direct Financing
Leases
  Total
Three months ending December 31, 2012   $      1,212     $      1,155     $      2,367  
Year ending December 31, 2013     4,210       4,533       8,743  
2014     2,760       4,450       7,210  
2015     1,403       4,450       5,853  
2016     378       3,684       4,062  
2017     350             350  
Thereafter     410             410  
     $ 10,723     $ 18,272     $ 28,995  
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XML 50 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Operating activities:        
Net income $ 1,498 $ 1,115 $ 4,267 $ 3,992
Adjustments to reconcile net income to cash provided by operating activities:        
Gain on sales of lease assets (28) (89) (250) (640)
Gain from settlement of lease asset casualty (350)   (350)  
Unrealized gain on securities     (5)  
Loss (gain) on sales or disposition of securities   2 (12) (71)
Depreciation of operating lease assets 813 1,208 2,547 3,777
Amortization of initial direct costs 6 9 19 28
(Reversal of provision) provision for credit losses (8) 57 (11) (95)
Impairment losses 18 65 72 65
Provision for losses on investment in securities       41
Gain on interest rate swap contracts   (1)   (5)
Changes in operating assets and liabilities:        
Due to affiliates   3   3
Accounts receivable (101) (45) 89 126
Prepaid expenses and other assets (15) 15 (37) 24
Accounts payable, Managing Member 15 21 (36) (19)
Accounts payable, other (26) 18 (39) (278)
Deposits due lessees       (41)
Unearned operating lease income (159) (74) (25) (20)
Net cash provided by operating activities 1,663 2,304 6,229 6,887
Investing activities:        
Purchases and improvements to operating leases       (442)
Proceeds from sales of lease assets 143 235 478 2,761
Proceeds from sales or dispositions of securities   32 12 100
Payments of initial direct costs       (2)
Principal payments received on direct financing leases 352 285 1,015 1,708
Principal payments received on notes receivable 187 204 543 601
Net cash provided by investing activities 682 756 2,048 4,726
Financing activities:        
Repayments under receivables funding program   (95)   (415)
Repayments of non-recourse debt (1,011) (946) (2,983) (2,794)
Net cash used in financing activities (2,967) (2,997) (8,848) (9,074)
Net (decrease) increase in cash and cash equivalents (622) 63 (571) 2,539
Cash and cash equivalents at beginning of period 5,644 5,258 5,593 2,782
Cash and cash equivalents at end of period 5,022 5,321 5,022 5,321
Supplemental disclosures of cash flow information:        
Cash paid during the period for interest 313 378 988 1,184
Cash paid during the period for taxes 7   124 132
Schedule of non-cash transactions:        
Amount due from settlement of lease asset casualty 440   440  
Other Members
       
Financing activities:        
Distributions to Members (1,809) (1,809) (5,425) (5,425)
Managing Member
       
Financing activities:        
Distributions to Members $ (147) $ (147) $ (440) $ (440)
XML 51 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (Parenthetical) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Accounts receivable, allowance for doubtful accounts $ 5 $ 70
Notes receivable, unearned interest income 162 255
Notes receivable, allowance for credit losses 54  
Investments in equipment and leases, accumulated depreciation $ 41,123 $ 41,511
XML 52 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Guarantees
9 Months Ended
Sep. 30, 2012
Guarantees

10. Guarantees:

The Company enters into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

The Managing Member knows of no facts or circumstances that would make the Company’s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the Company believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Company’s similar commitments is remote. Should any such indemnification obligation become payable, the Company would separately record and/or disclose such liability in accordance with GAAP.

XML 53 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
9 Months Ended
Sep. 30, 2012
Oct. 31, 2012
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Sep. 30, 2012  
Document Fiscal Year Focus 2012  
Document Fiscal Period Focus Q3  
Trading Symbol ZZHJC  
Entity Registrant Name ATEL CAPITAL EQUIPMENT FUND IX LLC  
Entity Central Index Key 0001125264  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Entity Units Outstanding   12,055,016
XML 54 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Members' Capital
9 Months Ended
Sep. 30, 2012
Members' Capital

11. Members’ capital:

As of September 30, 2012 and December 31, 2011, 12,055,016 Units were issued and outstanding. The Company was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial members (50 Units).

The Company has the right, exercisable in the Manager’s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100% of the holder’s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder’s request. The repurchase of Fund Units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Manager on terms it determines to be appropriate under given circumstances, in the event that the Manager deems such repurchase to be in the best interest of the Company; provided, the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled. Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs.

As defined in the Operating Agreement, the Company’s Net Income, Net Losses, and Distributions are to be allocated 92.5% to the Members and 7.5% to AFS. In accordance with the terms of the Operating Agreement, additional allocations of income were made to AFS during the three and nine months ended September 30, 2012 and 2011. The amounts allocated were determined to bring AFS’s ending capital account balance to zero at the end of each period.

Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):

       
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
     2012   2011   2012   2011
Distributions declared   $ 1,809     $ 1,809     $ 5,425     $ 5,425  
Weighted average number of Units outstanding     12,055,016       12,055,016       12,055,016       12,055,016  
Weighted average distributions per Unit   $ 0.15     $ 0.15     $ 0.45     $ 0.45  
XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Leasing and lending activities:        
Operating leases $ 2,126 $ 2,468 $ 6,799 $ 7,078
Direct financing leases 821 908 2,550 3,170
Interest on notes receivable 24 59 92 195
Gain on sales of lease assets 28 89 250 640
Gain from settlement of lease asset casualty 350   350  
Unrealized gain on securities     5  
(Loss) gain on sale or disposition of securities and warrants   (2) 12 71
Other revenue 47 62 113 137
Total revenues 3,396 3,584 10,171 11,291
Expenses:        
Depreciation of operating lease assets 813 1,208 2,547 3,777
Asset management fees to Managing Member and/or affiliates 157 201 463 576
Acquisition expense       (2)
Cost reimbursements to Managing Member and/or affiliates 191 218 602 669
(Reversal of provision) provision for credit losses (8) 57 (11) (95)
Impairment losses 18 65 72 65
Provision for losses on investment in securities       41
Amortization of initial direct costs 6 9 19 28
Other management fees 23 24 68 66
Interest expense 308 373 972 1,168
Professional fees 45 13 130 95
Outside services 10 13 33 32
Insurance 22 18 69 49
Marine vessel maintenance and other operating costs 242 196 650 534
Other 71 67 285 289
Total operating expenses 1,898 2,462 5,899 7,292
Other expense, net   (7) (5) (7)
Net income 1,498 1,115 4,267 3,992
Net income:        
Managing Member 147 147 440 440
Other Members 1,351 968 3,827 3,552
Net income $ 1,498 $ 1,115 $ 4,267 $ 3,992
Net income per Limited Liability Company Unit (Other Members) 0.11 0.08 0.32 0.29
Weighted average number of Units outstanding 12,055,016 12,055,016 12,055,016 12,055,016
XML 56 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment in Equipment and Leases, Net
9 Months Ended
Sep. 30, 2012
Investment in Equipment and Leases, Net

5. Investment in equipment and leases, net:

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

       
  Balance
December 31,
2011
  Reclassifications,
Additions /
Dispositions and Impairment
Losses
  Depreciation/
Amortization
Expense or
Amortization
of Leases
  Balance
September 30,
2012
Net investment in operating leases   $    15,657     $        735     $     (2,547   $   13,845  
Net investment in direct financing leases     13,852       (21     (1,015     12,816  
Assets held for sale or lease, net     1,628       (1,103           525  
Initial direct costs, net of accumulated amortization of $77 at September 30, 2012 and $78 at December 31, 2011     55             (18     37  
Total   $ 31,192     $ (389   $ (3,580   $ 27,223  

Impairment of investments in leases and assets held for sale or lease:

Management periodically reviews the carrying values of its assets on leases and assets held for lease or sale. Impairment losses are recorded as an adjustment to the net investment in operating leases. During the three months ended September 30, 2012, the Company deemed certain off-lease equipment to be impaired and recorded fair value adjustments totaling $18 thousand which reduced the cost basis of the equipment. Such adjustments were in addition to the $54 thousand of adjustments previously recorded during the first six months of 2012. By comparison, during the third quarter of 2011, the Company recorded fair value adjustments totaling $65 thousand to reduce the cost basis of certain impaired off-lease equipment. Such adjustments represent total impairment losses during the first nine months of 2011.

As of September 30, 2012 and December 31, 2011, there were no lease contracts placed in non-accrual status. As of the same dates, the Company has certain other leases that have related accounts receivables aged 90 days or more that have not been placed on non-accrual status. In accordance with Company policy, such receivables are fully reserved. Management continues to closely monitor these leases for any actual change in collectability status and indication of necessary valuation adjustments.

The Company utilizes a straight line depreciation method for equipment in all of the categories currently in its portfolio of operating lease transactions. Depreciation expense on the Company’s equipment was approximately $813 thousand and $1.2 million for the respective three months ended September 30, 2012 and 2011, and was $2.5 million and $3.8 million for the respective nine months ended September 30, 2012 and 2011. All of the leased property was acquired in years beginning with 2002 through 2010.

Operating leases:

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

       
  Balance
December 31,
2011
  Additions   Reclassifications,
Dispositions &
Impairment Losses
  Balance
September 30,
2012
Transportation, other   $       16,205     $          —     $       1,024     $       17,229  
Transportation, rail     11,900             (80     11,820  
Materials handling     9,169             (960     8,209  
Marine vessels     7,258                   7,258  
Manufacturing     2,368             (51     2,317  
Natural gas compressors     1,671                   1,671  
Construction     1,584             1,705       3,289  
Agriculture     1,151                   1,151  
Other     84             (43     41  
       51,390             1,595       52,985  
Less accumulated depreciation     (35,733     (2,547     (860     (39,140
Total   $ 15,657     $ (2,547   $ 735     $ 13,845  

The average estimated residual value for assets on operating leases was 16% and 18% of the assets’ original cost at September 30, 2012 and December 31, 2011, respectively. There were no operating leases placed in non-accrual status as of September 30, 2012 and December 31, 2011.

The Company may earn revenues from its containers, marine vessel and certain other assets based on utilization of such assets or a fixed-term lease. Contingent rentals (i.e., short-term, operating charter hire payments) and the associated expenses are recorded when earned and/or incurred. The revenues associated with these rentals are included as a component of Operating Lease Revenues and totaled $7 thousand and $59 thousand during the respective three months ended September 30, 2012 and 2011. Such revenues totaled $24 thousand and $161 thousand for the respective nine months ended September 30, 2012 and 2011.

During the third quarter of 2012, certain operating lease equipment suffered a total casualty loss. Pursuant to the lease agreement, the Company recorded a receivable totaling $440 thousand, of which $350 thousand represents calculated gain on the casualty loss. The receivable represent a combination of proceeds for the value of the lost asset and related lost revenue for the remaining term of the lease.

Direct financing leases:

As of September 30, 2012 and December 31, 2011, investment in direct financing leases primarily consists of mining, materials handling equipment and research equipment. The components of the Company’s investment in direct financing leases as of September 30, 2012 and December 31, 2011 are as follows (in thousands):

   
  September 30,
2012
  December 31,
2011
Total minimum lease payments receivable   $      18,272     $      21,780  
Estimated residual values of leased equipment (unguaranteed)     3,574       3,644  
Investment in direct financing leases     21,846       25,424  
Less unearned income     (9,030     (11,572
Net investment in direct financing leases   $ 12,816     $ 13,852  

There was no investment in direct financing lease assets in non-accrual status at September 30, 2012 and December 31, 2011. However, at December 31, 2011, the Company has certain direct financing leases that have related accounts receivables aged 90 days or more that have not been placed on non-accrual status. In accordance with Company policy, such receivables are fully reserved and included in the allowance for doubtful accounts presented in Note 4.

At September 30, 2012, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

     
  Operating
Leases
  Direct Financing
Leases
  Total
Three months ending December 31, 2012   $      1,212     $      1,155     $      2,367  
Year ending December 31, 2013     4,210       4,533       8,743  
2014     2,760       4,450       7,210  
2015     1,403       4,450       5,853  
2016     378       3,684       4,062  
2017     350             350  
Thereafter     410             410  
     $ 10,723     $ 18,272     $ 28,995  
XML 57 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Allowance for Credit Losses
9 Months Ended
Sep. 30, 2012
Allowance for Credit Losses

4. Allowance for credit losses:

The Company’s allowance for credit losses are as follows (in thousands):

           
  Accounts Receivable Allowance
for Doubtful Accounts
  Valuation Adjustments on
Financing Receivables
  Total
Allowance for
Credit Losses
     Notes
Receivable
  Finance
Leases
  Operating
Leases
  Notes
Receivable
  Finance
Leases
Balance December 31, 2010   $       19             46             174     $       —     $       —     $       239  
Reversal of Provision     (19     (36     (114                 (169
Balance December 31, 2011           10       60                   70  
(Reversal of provision) provision           (10     (55     54             (11
Balance September 30, 2012   $     $     $ 5     $ 54     $     $ 59  

Accounts receivable

Accounts receivable represent the amounts billed under operating and direct financing lease contracts, and notes receivable which are currently due to the Company.

Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received. Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management’s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases contracts and notes receivable are applied only against outstanding principal balances.

Financing receivables

In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on notes receivable and direct financing leases.

Notes are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the note agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. If it is determined that a loan is impaired with regard to scheduled payments, the Company will perform an analysis of the note to determine if an impairment valuation reserve is necessary. This analysis considers the estimated cash flows from the note, or the collateral value of the property underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.

The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset’s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the market place are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date.

As of September 30, 2012 and December 31, 2011, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

     
September 30, 2012   Notes Receivable   Finance Leases   Total
Allowance for credit losses:
                          
Ending balance   $       54     $       —     $       54  
Ending balance: individually evaluated for impairment   $ 54     $     $ 54  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
Financing receivables:
                          
Ending balance   $ 1,1761     $ 12,8432     $ 14,019  
Ending balance: individually evaluated for impairment   $ 1,176     $ 12,843     $ 14,019  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
1 Includes $2 of unamortized initial direct costs.
2 Includes $27 of unamortized initial direct costs.

     
December 31, 2011   Notes
Receivable
  Finance
Leases
  Total
Allowance for credit losses:
                          
Ending balance   $       —     $       —     $        —  
Ending balance: individually evaluated for impairment   $     $     $  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
Financing receivables:
                          
Ending balance   $ 1,7213     $ 13,8914     $ 15,612  
Ending balance: individually evaluated for impairment   $ 1,721     $ 13,891     $ 15,612  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
3 Includes $3 of unamortized initial direct costs.
4 Includes $39 of unamortized initial direct costs.

The Company evaluates the credit quality of its financing receivables on a scale equivalent to the following quality indicators related to corporate risk profiles:

Pass – Any account whose lessee/debtor, co-lessee/debtor or any guarantor has a credit rating on publicly traded or privately placed debt issues as rated by Moody’s or S&P for either Senior Unsecured debt, Long Term Issuer rating or Issuer rating that are in the tiers of ratings generally recognized by the investment community as constituting an Investment Grade credit rating; or, has been determined by the Manager to be an Investment Grade Equivalent or High Quality Corporate Credit per its Credit Policy or has a Not Rated internal rating by the Manager and the account is not considered by the Chief Credit Officer of the Manager to fall into one of the three risk profiles below.

Special Mention – Any traditional corporate type account with potential weaknesses (e.g. large net losses or major industry downturns) or, any growth capital account that has less than three months of cash as of the end of the calendar quarter to fund their continuing operations. These accounts deserve management’s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the Fund’s receivable at some future date.

Substandard – Any account that is inadequately protected by the current worth and paying capacity of the borrower or of the collateral pledged, if any. Accounts that are so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Fund will sustain some loss as the likelihood of fully collecting all receivables may be questionable if the deficiencies are not corrected. Such accounts are on the Manager’s Credit Watch List.

Doubtful – Any account where the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Accordingly, an account that is so classified is on the Manager’s Credit Watch List, and has been declared in default and the Manager has repossessed, or is attempting to repossess, the equipment it financed. This category includes impaired notes and leases as applicable.

At September 30, 2012 and December 31, 2011, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):

       
  Notes Receivable   Finance Leases
     September 30, 2012   December 31, 2011   September 30, 2012   December 31, 2011
Pass   $          333     $          642     $       12,777     $       13,754  
Special mention     841       1,076       39       98  
Substandard                        
Doubtful                        
Total   $ 1,174     $ 1,718     $ 12,816     $ 13,852  

At September 30, 2012 and December 31, 2011, the investment in financing receivables is aged as follows (in thousands):

             
September 30, 2012   30 – 59 Days
Past Due
  60 – 89 Days
Past Due
  Greater Than
90 Days
  Total
Past Due
  Current   Total
Financing
Receivables
  Recorded Investment
> 90
Days and
Accruing
Notes receivable   $      —     $      —     $      —     $      —     $    1,174     $    1,174     $        —  
Finance leases     7             2       9       12,807       12,816       2  
Total   $ 7     $     $ 2     $ 9     $ 13,981     $ 13,990     $ 2  

             
December 31, 2011   30 – 59 Days
Past Due
  60 – 89 Days
Past Due
  Greater Than
90 Days
  Total
Past Due
  Current   Total
Financing Receivables
  Recorded Investment
> 90
Days and
Accruing
Notes receivable   $      —     $      —     $      —     $      —     $    1,718     $    1,718     $        —  
Finance leases     4             7       11       13,841       13,852       7  
Total   $ 4     $     $ 7     $ 11     $ 15,559     $ 15,570     $ 7  

As discussed in Note 3, the Company recorded a $54 thousand fair value adjustment during the first six months of 2012 to reduce the cost basis of an impaired note. There was no additional adjustment recorded during the current quarter. As of September 30, 2012, the account receivable associated with the impaired note was current. The Company did not carry an impairment reserve on its financing receivables at December 31, 2011.

As of September 30, 2012 and December 31, 2011, certain investments in financing receivables with related accounts receivable past due more than 90 days are still on an accrual basis based on management’s assessment of the collectability of such receivables. However, these accounts receivable were fully reserved and included in the allowance for doubtful accounts presented above.

XML 58 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2012
Provision for Credit Losses

The Company’s allowance for credit losses are as follows (in thousands):

           
  Accounts Receivable Allowance
for Doubtful Accounts
  Valuation Adjustments on
Financing Receivables
  Total
Allowance for
Credit Losses
     Notes
Receivable
  Finance
Leases
  Operating
Leases
  Notes
Receivable
  Finance
Leases
Balance December 31, 2010   $       19             46             174     $       —     $       —     $       239  
Reversal of Provision     (19     (36     (114                 (169
Balance December 31, 2011           10       60                   70  
(Reversal of provision) provision           (10     (55     54             (11
Balance September 30, 2012   $     $     $ 5     $ 54     $     $ 59  
Allowance for Credit Losses and Recorded Investment in Financing Receivables

As of September 30, 2012 and December 31, 2011, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

     
September 30, 2012   Notes Receivable   Finance Leases   Total
Allowance for credit losses:
                          
Ending balance   $       54     $       —     $       54  
Ending balance: individually evaluated for impairment   $ 54     $     $ 54  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
Financing receivables:
                          
Ending balance   $ 1,1761     $ 12,8432     $ 14,019  
Ending balance: individually evaluated for impairment   $ 1,176     $ 12,843     $ 14,019  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
1 Includes $2 of unamortized initial direct costs.
2 Includes $27 of unamortized initial direct costs.

     
December 31, 2011   Notes
Receivable
  Finance
Leases
  Total
Allowance for credit losses:
                          
Ending balance   $       —     $       —     $        —  
Ending balance: individually evaluated for impairment   $     $     $  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
Financing receivables:
                          
Ending balance   $ 1,7213     $ 13,8914     $ 15,612  
Ending balance: individually evaluated for impairment   $ 1,721     $ 13,891     $ 15,612  
Ending balance: collectively evaluated for impairment   $     $     $  
Ending balance: loans acquired with deteriorated credit quality   $     $     $  
3 Includes $3 of unamortized initial direct costs.
4 Includes $39 of unamortized initial direct costs.
Financing Receivables By Credit Quality Indicator and Class

At September 30, 2012 and December 31, 2011, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):

       
  Notes Receivable   Finance Leases
     September 30, 2012   December 31, 2011   September 30, 2012   December 31, 2011
Pass   $          333     $          642     $       12,777     $       13,754  
Special mention     841       1,076       39       98  
Substandard                        
Doubtful                        
Total   $ 1,174     $ 1,718     $ 12,816     $ 13,852  
Net Investment In Financing Receivables by Age

At September 30, 2012 and December 31, 2011, the investment in financing receivables is aged as follows (in thousands):

             
September 30, 2012   30 – 59 Days
Past Due
  60 – 89 Days
Past Due
  Greater Than
90 Days
  Total
Past Due
  Current   Total
Financing
Receivables
  Recorded Investment
> 90
Days and
Accruing
Notes receivable   $      —     $      —     $      —     $      —     $    1,174     $    1,174     $        —  
Finance leases     7             2       9       12,807       12,816       2  
Total   $ 7     $     $ 2     $ 9     $ 13,981     $ 13,990     $ 2  

             
December 31, 2011   30 – 59 Days
Past Due
  60 – 89 Days
Past Due
  Greater Than
90 Days
  Total
Past Due
  Current   Total
Financing Receivables
  Recorded Investment
> 90
Days and
Accruing
Notes receivable   $      —     $      —     $      —     $      —     $    1,718     $    1,718     $        —  
Finance leases     4             7       11       13,841       13,852       7  
Total   $ 4     $     $ 7     $ 11     $ 15,559     $ 15,570     $ 7  
XML 59 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements
9 Months Ended
Sep. 30, 2012
Fair Value Measurements

12. Fair value measurements:

Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows:

Level 1 – Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, generally on a national exchange.

Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.

Level 3 – Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability.

The Company had no assets or liabilities that require measurement at fair value on a recurring basis at September 30, 2012 and December 31, 2011.

During the three and nine months ended September 30, 2012, the Company recorded non-recurring adjustments to reflect the fair values of certain impaired off-lease equipment and notes receivable. By comparison, during the third quarter 2011, the Company recorded fair value adjustments to only reflect the fair value of impaired off-lease equipment. In the previous six months of 2011, the Company had recorded a non-recurring adjustment to an impaired investment security. Amounts at September 30, 2012 and December 31, 2011 reflect the fair value of the then existing impaired assets.

The Company’s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department personnel who are familiar with the Company’s investments in equipment, notes receivable and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources.

The measurement methodologies are as follows:

Impaired notes receivable

The fair value of the Company’s notes receivable is estimated using either third party appraisals of collateral or discounted cash flow analyses based upon current market rates for similar types of lending arrangements, with adjustments for non-accrual loans as deemed necessary. The Company had previously recorded $54 thousand of fair value adjustments to reduce the cost basis of a note deemed impaired during the first six months of 2012. The adjustment was non-recurring and was based upon an independent appraisal of the underlying collateral. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired note receivable is classified within Level 3 of the valuation hierarchy. Such valuation utilizes a market approach technique and uses inputs from third party appraisers that utilize current market transactions as adjusted for certain factors specific to the underlying collateral. There were no additional adjustments during the three months ended September 30, 2012. In addition, there were no impairment losses recorded on notes receivable during the first nine months of 2011, and through December 31, 2011.

Impaired off-lease equipment

During the three and nine months ended September 30, 2012, the Company recorded $18 thousand and $72 thousand of fair value adjustments which reduced the fair value of certain impaired off-lease equipment. By comparison, during the third quarter of 2011, the Company recorded $65 thousand of fair value adjustments to impaired off-lease equipment. There were no fair value adjustments recorded during the previous six months. The adjustments for both fiscal periods were non-recurring. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair values of such impaired off-lease equipment are classified within Level 3 of the valuation hierarchy as the data sources utilized for the valuation of the assets reflect significant inputs that are unobservable in the market. Such valuation utilizes a market approach technique and uses inputs that reflect the sales price of similar assets sold by affiliates and/or information from third party remarketing agents not readily available in the market.

Impaired investment securities

The Company’s investment securities are not registered for public sale and are carried at cost. The investment securities are adjusted for impairment, if any, based upon factors which include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. The Company did not record any fair value adjustments relative to impaired investment securities during the first nine months of 2012.

During the first three quarters of 2011, the Company had recorded a fair value adjustment of $41 thousand which reduced the cost basis of an investment security deemed impaired at March 31, 2011. The non-recurring fair value adjustment was a result of an approximate 66% reduction in valuation based upon cash payments received in a private transaction whereby the Fund liquidated its warrant position. Such transaction was pursuant to the investee’s acquisition by a third party. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired investment is classified within Level 3 of the valuation hierarchy as the third party’s valuation of the investee included significant inputs that are unobservable in the market. The impaired security was disposed of during the second quarter of 2011. There were no additional fair value adjustments recorded against investment securities through December 31, 2011.

The following table presents the fair value measurement of assets and liabilities measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at September 30, 2012 and December 31, 2011 (in thousands):

       
  September 30,
2012
  Level 1
Estimated
Fair Value
  Level 2
Estimated
Fair Value
  Level 3
Estimated
Fair Value
Assets measured at fair value on a non-recurring basis:                                    
Impaired off-lease assets   $        14     $      —     $      —     $     14  
Impaired notes receivable, net     147                   147  

       
  December 31, 2011   Level 1
Estimated
Fair Value
  Level 2

Estimated
Fair Value
  Level 3
Estimated Fair Value
Assets measured at fair value on a non-recurring basis:
                                   
Impaired off-lease assets   $        88     $      —     $      —     $      88  

The following disclosure of the estimated fair value of financial instruments is made in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification. Fair value estimates, methods and assumptions, set forth below for the Company’s financial instruments, are made solely to comply with the requirements of the Financial Instruments Topic and should be read in conjunction with the Company’s financial statements and related notes.

The Company has determined the estimated fair value amounts by using market information and valuation methodologies that it considers appropriate and consistent with the fair value accounting guidance. Considerable judgment is required to interpret market data to develop the estimates of fair value. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

Cash and cash equivalents

The recorded amounts of the Company’s cash and cash equivalents approximate fair value because of the liquidity and short-term maturity of these instruments.

Notes receivable

The fair value of the Company’s notes receivable is estimated using either third party appraisals of collateral or discounted cash flow analyses based upon current market rates for similar types of lending arrangements, with adjustments for impaired loans as deemed necessary.

Investment in securities

The Company’s investment securities are not registered for public sale and are carried at cost which management believes approximates fair value, as appropriately adjusted for impairment.

Non-recourse debt

The fair value of the Company’s non-recourse debt is estimated using discounted cash flow analyses, based upon current market borrowing rates for similar types of borrowing arrangements.

Commitments and Contingencies

Management has determined that the fair value of contingent liabilities (or guarantees) is not considered material because management believes there has been no event that has occurred wherein a guarantee liability has been incurred or will likely be incurred.

The following tables present a summary of the carrying value and fair value by level of financial instruments not recorded at fair value on the Company’s balance sheet at September 30, 2012 and December 31, 2011 (in thousands):

         
  Fair Value Measurements at September 30, 2012
     Carrying Amount   Level 1   Level 2   Level 3   Total
Financial assets:
                                            
Cash and cash equivalents   $     5,022     $     5,022     $       —     $       —     $   5,022  
Notes receivable, net     1,122                   1,122       1,122  
Investment in securities     5                   5       5  
Financial liabilities:
                                            
Non-recourse debt     18,411                   19,460       19,460  

         
  December 31, 2011
     Carrying
Amount
  Estimated
Fair Value
Financial assets:
                                            
Cash and cash equivalents   $     5,593     $     5,593                             
Notes receivable, net     1,721       1,721                             
Financial liabilities:
                                            
Non-recourse debt     21,394       22,674                             
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Receivable Funding Program
9 Months Ended
Sep. 30, 2012
Receivable Funding Program

8. Receivable funding program:

Prior to August 2011, the Company had a $60 million receivables funding program (the “RF Program”) with a receivables financing company that issued commercial paper rated A1 from Standard and Poor’s and P1 from Moody’s Investors Service. Under the RF Program, the lender held liens against the Company’s assets. The lender was in a first position against certain specified assets and was in either a subordinated or shared position against the remaining assets. The RF Program provided for borrowing at a variable interest rate; and, for the Company to enter into interest rate swap agreements with certain hedge counterparties (also rated A1/P1) to mitigate the interest rate risk associated with a variable interest rate note. The RF Program did not contain any credit risk related default contingencies. As of August 22, 2011, all advances under the RF Program were repaid in full and the program was terminated.

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Related Party Transactions
9 Months Ended
Sep. 30, 2012
Related Party Transactions

6. Related party transactions:

The terms of the Operating Agreement provide that AFS and/or affiliates are entitled to receive certain fees for equipment management and resale and for management of the Company.

The Operating Agreement allows for the reimbursement of costs incurred by AFS for providing administrative services to the Company. Administrative services provided include Company accounting, finance/treasury, investor relations, legal counsel and lease and equipment documentation. AFS is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of equipment. The Company would be liable for certain future costs to be incurred by AFS to manage the administrative services provided to the Company.

Each of ATEL Leasing Corporation (“ALC”) and AFS is a wholly-owned subsidiary of ATEL Capital Group and performs services for the Company. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; investor relations, communications and general administrative services for the Company are performed by AFS.

Cost reimbursements to the Managing Member are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as managed assets, number of investors or contributed capital based upon the type of cost incurred. The Operating Agreement places an annual limit and a cumulative limit for cost reimbursements to AFS and/or affiliates. Any reimbursable costs incurred by AFS and/or affiliates during the year exceeding the annual and/or cumulative limits cannot be reimbursed in the current year, though such costs may be recovered in future years to the extent of the cumulative limit. As of September 30, 2012, the Company has not exceeded the annual and/or cumulative limitations discussed above.

During the three and nine months ended September 30, 2012 and 2011, AFS and/or affiliates earned fees and commissions, and billed for reimbursements, pursuant to the Operating Agreement as follows (in thousands):

       
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
     2012   2011   2012   2011
Costs reimbursed to Managing Member and/or affiliates   $       191     $      218     $       602     $       669  
Asset management fees to Managing Member and/or affiliates     157       201       463       576  
     $ 348     $ 419     $ 1,065     $ 1,245  
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Non-recourse Debt
9 Months Ended
Sep. 30, 2012
Non-recourse Debt

7. Non-recourse debt:

At September 30, 2012, non-recourse debt consists of notes payable to financial institutions. The notes are due in monthly installments. Interest on the notes is at fixed rates ranging from 6.16% to 6.66%. The notes are secured by assignments of lease payments and pledges of assets. At September 30, 2012, gross operating lease rentals and future payments on direct financing leases totaled approximately $20.7 million over the remaining lease terms; and the carrying value of the pledged assets is $15.8 million. The notes mature from 2015 through 2017.

The non-recourse debt does not contain any material financial covenants. The debt is secured by liens granted by the Company to the non-recourse lenders on (and only on) the discounted lease transactions. The lenders have recourse only to the following collateral: the specific leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items. The non-recourse obligation is payable solely out of the respective specific security and the Company does not guarantee (nor is the Company otherwise contractually responsible for) the payment of the non-recourse debt as a general obligation or liability of the Company. Although the Company does not have any direct or general liability in connection with the non-recourse debt apart from the security granted, the Company is directly and generally liable and responsible for certain representations, warranties, and covenants made to the lenders, such as warranties as to genuineness of the transaction parties' signatures, as to the genuineness of the respective lease chattel paper or the transaction as a whole, or as to the Company's good title to or perfected interest in the secured collateral, as well as similar representations, warranties and covenants typically provided by non-recourse borrowers and customary in the equipment finance industry, and are viewed by such industry as being consistent with non-recourse discount financing obligations. Accordingly, as there are no financial covenants or ratios imposed on the Company in connection with the non-recourse debt, the Company has determined that there are no material covenants with respect to the non-recourse debt that warrant footnote disclosure.

Future minimum payments of non-recourse debt are as follows (in thousands):

     
  Principal   Interest   Total
Three months ending December 31, 2012   $       1,027     $         296     $         1,323  
Year ending December 31, 2013     4,279       1,015       5,294  
2014     4,568       726       5,294  
2015     4,616       420       5,036  
2016     3,743       133       3,876  
2017     178       1       179  
     $ 18,411     $ 2,591     $ 21,002  
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Commitments and Contingencies
9 Months Ended
Sep. 30, 2012
Commitments and Contingencies

9. Commitments and Contingencies:

At September 30, 2012, the Company had no commitments to purchase lease assets or fund new loans.

Gain Contingency

ATEL filed a claim on behalf of the Company and certain affiliated entities in Federal court in New Orleans for the under-reporting of revenue by a fleet manager of three marine vessels, seeking to recover an approximate amount of 10% of gross proceeds, which in the aggregate for all affiliated entities represents $2.8 million for the years 2005 – 2007 (of which the Company’s portion is an approximate $350 thousand). The annual allocable portion of the claim is not considered material to the Company in any given year. The trial date for this dispute had been rescheduled several times; however, the trial was ultimately concluded during the first week of August 2012. As of October 10, 2012, the matter has been in the hands of the Federal Judge to render a decision on both the law and the facts. The decision of the Court is imminent, and the Company is hopeful for a recovery of all or portion of its asserted claims, but the outcome of the litigation remains uncertain as of such date. While the Company's recovery with respect to this matter may be significant, there is no assurance that judgment will be rendered in favor of the Company.

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Minimum Future Payments Receivable (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Three months ending December 31, 2012 $ 196  
Year ending December 31, 2013 558  
2014 229  
2015 165  
2016 188  
Financing Receivable, Gross, Total 1,336  
Less: portion representing unearned interest income (162) (255)
Notes Receivable 1,174 1,718
Unamortized initial direct costs 2 3
Less: allowance for credit losses (54)  
Notes receivable, net $ 1,122 $ 1,721
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Receivables Funding Program - Additional Information (Detail) (Receivables Funding Program, USD $)
In Millions, unless otherwise specified
Jul. 31, 2011
Receivables Funding Program
 
Debt Instrument [Line Items]  
Receivable Outstanding under RF Program $ 60
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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2012
Summary of Geographic Information Relating to Sources, by Nation, of Total Revenues and Long-Lived Tangible Assets

The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the nine months ended September 30, 2012 and 2011 and long-lived tangible assets as of September 30, 2012 and December 31, 2011 (dollars in thousands):

       
  Nine Months Ended September 30,
     2012   % of Total   2011   % of Total
Revenue
                                   
United States   $    9,668              95   $   10,652               94
United Kingdom     257       3     338       3
Canada     246       2     301       3
Total International     503       5     639       6
Total   $ 10,171       100   $ 11,291       100

       
  As of September 30,   As of December 31,
     2012   % of Total   2011   % of Total
Long-lived assets
                                   
United States   $   26,624              98   $   30,424               97
United Kingdom     149       0     182       1
Canada     450       2     586       2
Total International     599       2     768       3
Total   $ 27,223       100   $ 31,192       100
Other Income (Expense), Net

The table below details the Company’s other expense, net for the three and nine months ended September 30, 2012 and 2011 (in thousands):

       
  Three Months
Ended September 30,
  Nine Months
Ended September 30,
     2012   2011   2012   2011
Foreign currency loss   $     —     $      (8   $     (5   $      (12
Change in fair value of interest rate swap contracts           1             5  
     $     $ (7   $ (5   $ (7
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Non-recourse Debt (Tables)
9 Months Ended
Sep. 30, 2012
Future Minimum Payments of Non-recourse Debt

Future minimum payments of non-recourse debt are as follows (in thousands):

     
  Principal   Interest   Total
Three months ending December 31, 2012   $       1,027     $         296     $         1,323  
Year ending December 31, 2013     4,279       1,015       5,294  
2014     4,568       726       5,294  
2015     4,616       420       5,036  
2016     3,743       133       3,876  
2017     178       1       179  
     $ 18,411     $ 2,591     $ 21,002  
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Non-recourse Debt - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Debt Instrument [Line Items]  
Gross operating lease rentals and future payments on direct financing leases 20.7
Carrying value of pledged assets 15.8
Minimum
 
Debt Instrument [Line Items]  
Fixed Interest rate on note 6.16%
Note maturity year 2015
Maximum
 
Debt Instrument [Line Items]  
Fixed Interest rate on note 6.66%
Note maturity year 2017
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Allowance for Credit Losses - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Fair value adjustment on notes receivable $ 54
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Statements of Changes in Members' Capital (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Beginning Balance   $ 17,197 $ 19,645 $ 19,645
Distributions to Other Members $0.45 per Unit in 2012 and $0.60 per Unit in 2011 (1,809) (5,425) (5,425) (7,233)
Distributions to Managing Member   (440)   (586)
Net income 1,498 4,267 3,992 5,371
Ending Balance 15,599 15,599   17,197
Other Members
       
Beginning Balance (in units)   12,055,016 12,055,016 12,055,016
Ending Balance (in units) 12,055,016 12,055,016   12,055,016
Beginning Balance   17,197 19,645 19,645
Distributions to Other Members $0.45 per Unit in 2012 and $0.60 per Unit in 2011   (5,425)   (7,233)
Net income   3,827   4,785
Ending Balance 15,599 15,599   17,197
Managing Member
       
Distributions to Managing Member   (440)   (586)
Net income   $ 440   $ 586
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Notes Receivable, Net
9 Months Ended
Sep. 30, 2012
Notes Receivable, Net

3. Notes receivable, net:

The Company has various notes receivable from borrowers who have financed the purchase of equipment through the Company. At September 30, 2012, the original terms of the notes receivable are from 36 to 120 months and bear interest at rates ranging from 8.42% to 16.22%. The notes are secured by the equipment financed. The notes mature from 2013 through 2016.

During the first six months of 2012, the Company deemed a certain note to be impaired and recorded a fair value adjustment of $54 thousand, which reduced the cost basis of the impaired note. There were no additional adjustments recorded during the three months ended September 2012. Such note is the only loan on non-accrual at September 30, 2012 and has a cost basis of $147 thousand as of the same date. There were neither impaired notes nor notes placed on non-accrual status at December 31, 2011.

As of September 30, 2012, the minimum future payments receivable are as follows (in thousands):

 
Three months ending December 31, 2012   $       196  
Year ending December 31, 2013     558  
2014     229  
2015     165  
2016     188  
       1,336  
Less: portion representing unearned interest income     (162
       1,174  
Unamortized initial direct costs     2  
Less: allowance for credit losses     (54
Notes receivable, net   $ 1,122  

Initial direct costs (“IDC”) amortization expense related to the notes receivable and the Company’s operating and direct financing leases for the three and nine months ended September 30, 2012 and 2011 are as follows (in thousands):

       
  Three Months
Ended September 30,
  Nine Months
Ended September 30,
     2012   2011   2012   2011
IDC amortization – notes receivable   $        —     $          1     $          1     $          3  
IDC amortization – lease assets     6       8       18       25  
Total   $ 6     $ 9     $ 19     $ 28  
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Members' Capital (Tables)
9 Months Ended
Sep. 30, 2012
Distributions to Other Members

Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):

       
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
     2012   2011   2012   2011
Distributions declared   $ 1,809     $ 1,809     $ 5,425     $ 5,425  
Weighted average number of Units outstanding     12,055,016       12,055,016       12,055,016       12,055,016  
Weighted average distributions per Unit   $ 0.15     $ 0.15     $ 0.45     $ 0.45  
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Allowance for Credit Losses and Recorded Investment in Financing Receivables (Parenthetical) (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]    
Notes Receivable unamortized initial direct cost $ 2 $ 3
Finance Leases unamortized initial direct cost $ 27 $ 39
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Summary of Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2012
Basis of Presentation

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2012 are not necessarily indicative of the results to be expected for the full year.

Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no significant impact on the reported financial position or results of operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying unaudited financial statements, the Managing Member has reviewed events that have occurred after September 30, 2012, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, or adjustments thereto.

Use of Estimates

Use of estimates:

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.

Segment Reporting

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the nine months ended September 30, 2012 and 2011 and long-lived tangible assets as of September 30, 2012 and December 31, 2011 (dollars in thousands):

       
  Nine Months Ended September 30,
     2012   % of Total   2011   % of Total
Revenue
                                   
United States   $    9,668              95   $   10,652               94
United Kingdom     257       3     338       3
Canada     246       2     301       3
Total International     503       5     639       6
Total   $ 10,171       100   $ 11,291       100

       
  As of September 30,   As of December 31,
     2012   % of Total   2011   % of Total
Long-lived assets
                                   
United States   $   26,624              98   $   30,424               97
United Kingdom     149       0     182       1
Canada     450       2     586       2
Total International     599       2     768       3
Total   $ 27,223       100   $ 31,192       100
Investment in Securities

Investment in securities:

Purchased securities

Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. There were no impaired securities at September 30, 2012 and December 31, 2011. During the first nine months of 2011, the Company had recorded fair value adjustments totaling $41 thousand which reduced the cost basis of certain investments deemed impaired at March 31, 2011. Such investment securities were disposed of during the third quarter of 2011 with minimal gain. There were no investment securities sold or disposed of during the three and nine months ended September 30, 2012. By comparison, the Company recognized $2 thousand and $12 thousand of losses on sales and dispositions of investment securities during the three and nine months ended September 30, 2011.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried at an estimated fair value on the balance sheet at the end of the period, as determined by the Managing Member. At September 30, 2012 and December 31, 2011, the Managing Member estimated the fair value of the warrants to be nominal in amount. There were no warrants exercised during the three months ended September 30, 2012 and 2011. During the previous six months of 2012 and 2011, the Company had recorded respective gains of $12 thousand and $83 thousand on the net exercise of certain warrants.

Other Expense, Net

Other expense, net:

Other expense, net consists of gains and losses on interest rate swap contracts, and foreign exchange transactions. The table below details the Company’s other expense, net for the three and nine months ended September 30, 2012 and 2011 (in thousands):

       
  Three Months
Ended September 30,
  Nine Months
Ended September 30,
     2012   2011   2012   2011
Foreign currency loss   $     —     $      (8   $     (5   $      (12
Change in fair value of interest rate swap contracts           1             5  
     $     $ (7   $ (5   $ (7
Per Unit Data

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

Recent Accounting Pronouncements

Recent accounting pronouncements:

In May 2011, the Financial Accounting Standards Board (“FASB”) and International Accounting Standards Board (“IASB”) (collectively the “Boards”) issued Accounting Standards Update (“ASU”) No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” ASU 2011-04 created a uniform framework for applying fair value measurement principles for companies around the world and clarified existing guidance in US GAAP. ASU 2011-04 is effective for the first interim or annual reporting period beginning after December 15, 2011 and shall be applied prospectively. The Company adopted the provisions of ASU 2011-04 effective January 1, 2012. The fair value measurement provisions of ASU 2011-04 had no material impact on the Company’s financial position or results of operations.