XML 38 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 1,389 $ 3,557
Restricted cash 1,641 1,213
Net investment in leases:    
Receivables due in installments 215,599 213,466
Estimated residual value 23,545 24,176
Initial direct costs 1,746 1,751
Less:    
Advance lease payments and deposits (3,088) (3,278)
Unearned income (60,378) (62,244)
Allowance for credit losses (15,534) (14,038)
Net investment in leases 161,890 159,833
Investment in service contracts, net 1,693 797
Investment in rental contracts, net 1,139 1,037
Property and equipment, net 1,364 1,534
Other assets 1,721 1,658
Total assets 170,837 169,629
LIABILITIES AND STOCKHOLDERS' EQUITY    
Revolving line of credit 70,766 70,380
Accounts payable 3,254 3,220
Dividends payable 54 40
Other liabilities 2,581 2,545
Income taxes payable 287 653
Deferred income taxes 6,991 10,399
Total liabilities 83,933 87,237
Commitments and contingencies (Note H)      
Stockholders' equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized; no shares issued at September 30, 2013, and December 31, 2012      
Common stock, $.01 par value; 25,000,000 shares authorized; 14,435,498 and 14,470,219 shares issued at September 30, 2013, and December 31, 2012, respectively 144 145
Additional paid-in capital 47,329 47,500
Retained earnings 39,431 34,747
Total stockholders' equity 86,904 82,392
Total liabilities and stockholders' equity $ 170,837 $ 169,629