FINANCING RECEIVABLES (Tables)

9 Months Ended

Jun. 30, 2012

Aging of the Company's past due financing receivables, gross of allowances for credit losses

The following tables reflect the aging of the Company's past due financing receivables, gross of allowances for credit losses (1) (in thousands):

	30-89 Days Past Due		Greater Than 90 Days		Greater Than 181 Days		Total Past Due		Current		Total
As of June 30, 2012:
Receivables from managed entities and related parties: (1)
Commercial finance investment entities	$	−	$	−	$	38,493	$	38,493	$	182	$	38,675
Real estate investment entities		981		2,753		15,087		18,821		2,004		20,825
Financial fund management entities		1,278		686		48		2,012		1,538		3,550
RSO		802		−		−		802		4,105		4,907
Other		−		−		−		−		209		209
		3,061		3,439		53,628		60,128		8,038		68,166
Rent receivables - real estate		6		6		19		31		4		35
Total financing receivables	$	3,067	$	3,445	$	53,647	$	60,159	$	8,042	$	68,201

As of September 30, 2011:
Receivables from managed entities and related parties: (2)
Commercial finance investment entities	$	−	$	−	$	37,547	$	37,547	$	490	$	38,037
Real estate investment entities		1,324		1,511		17,405		20,240		1,734		21,974
Financial fund management entities		2,395		93		28		2,516		136		2,652
RSO		−		−		−		−		2,539		2,539
Other		−		−		−		−		103		103
		3,719		1,604		54,980		60,303		5,002		65,305
Investments in commercial finance		984		526		−		1,510		190,932		192,442
Rent receivables - real estate		1		11		−		12		3		15
Total financing receivables	$	4,704	$	2,141	$	54,980	$	61,825	$	195,937	$	257,762

(1)

As of June 30, 2012, receivables related to the Company's commercial finance and real estate investment entities were presented gross of allowances for credit losses of $18.8 million and $2.4 million, respectively. The remaining receivables from managed entities and related parties have no related allowance for credit losses.

(2)

As of September 30, 2011, receivables related to the Company's commercial finance and real estate investment entities were presented gross of an allowance for credit losses of $8.3 million and $2.2 million, respectively. The remaining receivables from managed entities and related parties have no related allowance for credit losses.

Summarization of activity in the allowance for credit losses for the Company's financing receivables

The following tables summarize the activity in the allowance for credit losses for the Company's financing receivables (in thousands):

	Receivables from Managed Entities		Investments in Commercial Finance-Leases and Loans			Rent Receivables			Total
Three Months Ended June 30, 2012:
Balance, beginning of period	$	15,538	$	−		$	34		$	15,572
Provision for credit losses		5,711		(4	)		(9	)		5,698
Charge-offs		−		−			−			−
Recoveries		−		4			−			4
Balance, end of period	$	21,249	$	−		$	25		$	21,274

Nine Months Ended June 30, 2012:
Balance, beginning of year	$	10,490	$	430		$	15		$	10,935
Provision for credit losses		10,759		141			10			10,910
Charge-offs		−		(124	)		−			(124	)
Recoveries		−		35			−			35
Deconsolidation of LEAF		−		(482	)		−			(482	)
Balance, end of period	$	21,249	$	−		$	25		$	21,274

Ending balance, individually evaluated for impairment	$	21,249	$	−		$	25		$	21,274
Ending balance, collectively evaluated for impairment		−		−			−			−
Balance, end of period	$	21,249	$	−		$	25		$	21,274

			Investments in Commercial Finance
	Receivables from Managed Entities		Leases and Loans			Future Payment Card Receivables			Investments in Real Estate Loans			Total
Three Months Ended June 30, 2011:
Balance, beginning of year	$	4,740	$	300		$	130		$	−		$	5,170
Provision for credit losses		3,162		308			6			−			3,476
Charge-offs		−		(300	)		(48	)		−			(348	)
Recoveries		−		92			2			−			94
Balance, end of period	$	7,902	$	400		$	90		$	−		$	8,392

Nine Months Ended June 30, 2011:
Balance, beginning of year	$	1,075	$	770		$	130		$	49		$	2,024
Provision for credit losses		6,827		848			126			−			7,801
Charge-offs		−		(1,478	)		(190	)		(49	)		(1,717	)
Recoveries		−		260			24			−			284
Balance, end of period	$	7,902	$	400		$	90		$	−		$	8,392

Ending balance, individually evaluated for impairment	$	7,902	$	−		$	−		$	−		$	7,902
Ending balance, collectively evaluated for impairment		−		400			90			−			490
Balance, end of period	$	7,902	$	400		$	90		$	−		$	8,392

Gross financing receivables related to the balance in the allowance for credit losses [Table Text Block]

The Company's gross financing receivables relate to the balance in the allowance for credit losses as of

June 30, 2012 as follows (in thousands):

	Receivables from Managed Entities		Rent Receivables		Total
Ending balance, individually evaluated for impairment	$	68,166	$	35	$	68,201
Ending balance, collectively evaluated for impairment		−		−		−
Balance, end of period	$	68,166	$	35	$	68,201

The Company's financing receivables (presented exclusive of any allowance for credit losses) as of September 30, 2011 relate to the balance in the allowance for credit losses, as follows (in thousands):

	Receivables from Managed Entities		Rent Receivables		Leases and Loans		Total
Ending balance, individually evaluated for impairment	$	65,305	$	15	$	−	$	65,320
Ending balance, collectively evaluated for impairment		−		−		192,442		192,442
Balance, end of year	$	65,305	$	15	$	192,442	$	257,762

Information about the Company's impaired financing receivables

The following tables disclose information about the Company's impaired financing receivables (in thousands):

	Net Balance		Unpaid Balance		Specific Allowance		Average Investment in Impaired Assets
As of June 30, 2012:

Financing receivables with a specific valuation allowance:
Receivables from managed entities - commercial finance	$	19,337	$	38,159	$	18,822	$	38,477
Receivables from managed entities - real estate		2,170		4,597		2,427		4,383
Rent receivables - real estate		10		35		25		44

As of September 30, 2011:

Financing receivables with a specific valuation allowance:
Receivables from managed entities - commercial finance	$	14,990	$	23,302	$	8,312	$	23,377
Receivables from managed entities - real estate		2,353		4,531		2,178		3,897
Leases and loans		310		526		216		318
Rent receivables - real estate		−		15		15		7