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FINANCE LEASES, NET
12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
FINANCE LEASES, NET
FINANCE LEASES, NET
Finance leases, net are summarized as follows:
 
December 31,
 
2017
 
 
2016
Finance leases
$
16,015

 
 
$
18,022

Unearned revenue
(6,771
)
 
 
(8,305
)
Finance leases, net
$
9,244

 
 
$
9,717

During the first quarter of 2016, the Company completed the sale of approximately 42,000 shipping containers that were subject to direct finance leases for a modest gain.
As of December 31, 2017, future minimum lease payments to be received under finance leases for the remainder of the lease terms are as follows:
 
Total
2018
$
2,008

2019
2,008

2020
2,013

2021
2,008

2022
2,008

Thereafter
5,970

Total
$
16,015