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INVESTMENTS IN COMMERCIAL FINANCE (Tables)
12 Months Ended
Sep. 30, 2012
Investments in Commercial Finance [Abstract]  
Schedule of Investments in Commercial Finance
The Company’s investments in commercial finance at September 30, 2011 included the following (in thousands):
 
 
September 30,
2011
Direct financing leases, net
 
$
145,476

Equipment loans (1) 
 
19,640

Assets subject to operating leases, net (2) 
 
27,326

 
 
192,442

Allowance for credit losses
 
(430
)
Total investments in commercial finance, net
 
$
192,012

 
(1)
The interest rates on loans generally ranged from 6% to 18%.
(2)
Reflected net of accumulated depreciation of $7.1 million.
Schedule of Components of Direct Financing Leases
The components of direct financing leases were as follows (in thousands):
 
 
September 30,
2011
Total future minimum lease payments receivable
 
$
159,722

Initial direct costs, net of amortization
 
2,034

Unguaranteed residuals
 
8,666

Security deposits
 
(120
)
Unearned income
 
(24,826
)
Total investments in direct financing leases, net
 
$
145,476