Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Provision for income taxes

	Year Ended December 31,
	2012			2011			2010
Current:
Federal	$	5,545		$	789		$	76
State		1,544			1,133			444
		7,089			1,922			520
Deferred:
Federal		(821	)		3,994			2,816
State		(253	)		(288	)		(52	)
		(1,074	)		3,706			2,764
Total	$	6,015		$	5,628		$	3,284

Components of the net deferred tax liability

	2012			2011
Deferred tax assets:
Allowance for credit losses	$	5,615		$	5,272
Depreciation and amortization		29,717			24,312
Federal alternative minimum tax credit		—			234
State NOL and other state attributes		251			469
State valuation allowance		(355	)		(369	)
Total deferred tax assets		35,228			29,918
Deferred tax liabilities:
Lease receivable and unearned income		(35,539	)		(31,686	)
Residual value		(9,670	)		(9,315	)
Initial direct costs		(418	)		(250	)
Total deferred tax liabilities		(45,627	)		(41,251	)
Net deferred tax liability	$	(10,399	)	$	(11,333	)

Reconciliation of statutory federal income tax rate

	Year Ended December 31,
	2012			2011			2010
Federal statutory rate		35.00	%		35.00	%		35.00	%
State income taxes, net of federal benefit		4.80			3.03			7.10
State valuation allowance		(0.06	)		(0.07	)		(4.27	)
Nondeductible expenses and other		(0.61	)		0.54			0.44
Effective income tax rate		39.13	%		38.50	%		38.27	%

Reconciliation of unrecognized tax benefits

Balance at January 1, 2010	$	40
Additions for tax positions related to current year		—
Reductions for tax positions as a result of lapse of statute of limitations		(19	)
Balance at December 31, 2010		21
Additions for tax positions related to current year		21
Reductions for tax positions as a result of lapse of statute of limitations		(21	)
Balance at December 31, 2011		21
Additions for tax positions related to current year		63
Reductions for tax positions as a result of closed examinations		(21	)
Balance at December 31, 2012	$	63