Equipment Under Operating Lease (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Property Subject to or Available for Operating Lease [Table Text Block]

Equipment under operating lease consists primarily of railcars and other transportation equipment. The components of equipment under operating lease as of December 31, 2018 and 2017, are summarized as follows (in thousands):



	2018			2017
Equipment under operating lease	$	802,302		$	674,434
Less: accumulated depreciation	(99,948		)	(74,932		)
Equipment under operating lease, net	$	702,354		$	599,502

The Company recognized impairment of $4.1 million during the year ended December 31, 2016, related to a group of tank cars impacted by new safety regulations. This impairment charge is included in "Depreciation of equipment under operating lease" in the accompanying consolidated statements of income. No impairment was recognized during the years ended December 31, 2018 and 2017.

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

At December 31, 2018, scheduled minimum rental payments under operating leases were as follows (in thousands):



Years Ending December 31:
2019	$	65,201
2020	59,512
2021	49,987
2022	43,482
2023	35,342
Thereafter through 2033	100,170
	$	353,694