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Finance Lease Receivables
12 Months Ended
Dec. 31, 2012
Receivables [Abstract]  
FINANCE LEASE RECEIVABLES
FINANCE LEASE RECEIVABLES

The Company provides financing arrangements to customers purchasing its products. These financing arrangements are largely classified and accounted for as sales-type leases. In 2012 and 2011, the Company sold finance lease receivables of $50,255 and $14,987, respectively. In 2010, the Company purchased $33,843 of finance lease receivables.

The following table presents the components of finance lease receivables as of December 31:
 
2012
 
2011
Gross minimum lease receivable
$
76,763

 
$
99,808

Allowance for credit losses
(525
)
 
(210
)
Estimated unguaranteed residual values
7,508

 
6,048

 
83,746

 
105,646

Less:
 
 
 
Unearned interest income
(4,771
)
 
(6,190
)
Unearned residuals
(1,319
)
 
(1,160
)
 
(6,090
)
 
(7,350
)
Total
$
77,656

 
$
98,296



Future minimum payments due from customers under finance lease receivables as of December 31, 2012 are as follows:
2013
$
25,283

2014
19,700

2015
16,263

2016
11,418

2017
2,581

Thereafter
1,518

 
$
76,763