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Transferred Receivables and Financed Lease Debt
12 Months Ended
Dec. 31, 2011
Transferred Receivables and Financed Lease Debt [Abstract]  
Transferred Receivables and Financed Lease Debt

6. Transferred Receivables and Financed Lease Debt

The Company transferred gross financing receivables of $46.1 million and $58.1 million for the years ended December 31, 2011 and 2010, respectively, to third parties that meet the sale criteria under FASB ASC 860, Transfers and Servicing. In exchange, for the years ended December 31, 2011 and 2010, the Company received cash of $41.7 million and $55.1 million and recorded a profit on the sales of $4.4 million and $5.5 million, respectively. The receivables are transferred non-recourse to third parties who accept all credit, interest, and termination risk from the underlying issuer. Continuing involvement with the transferred assets is limited only to billing and remitting payments on behalf of some third parties at the specific direction of the third parties.