Direct Financing Lease Receivables (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Net investment in direct financing and sales-type leases

The net investment in direct financing and sales-type leases consisted of:

	June 30, 2013			December 31, 2012
	(In thousands)
Total minimum lease payments receivable	$	598,606		629,919
Less: Executory costs	(190,090		)	(201,777	)
Minimum lease payments receivable	408,516			428,142
Less: Allowance for uncollectibles	(538		)	(703	)
Net minimum lease payments receivable	407,978			427,439
Unguaranteed residuals	56,955			60,764
Less: Unearned income	(90,434		)	(96,280	)
Net investment in direct financing and sales-type leases	374,499			391,923
Current portion	(73,449		)	(76,395	)
Non-current portion	$	301,050		315,528

Credit risk profile by creditworthiness category of direct financing lease receivables

The following table presents the credit risk profile by creditworthiness category of our direct financing lease receivables:

	June 30, 2013		December 31, 2012
	(In thousands)
Very low risk to low risk	$	156,596	193,123
Moderate risk	184,990		177,400
Moderately high risk to high risk	66,930		57,619
	$	408,516	428,142

Allowance for credit losses on direct financing lease receivables

The following table is a rollforward of the allowance for credit losses on direct financing lease receivables for the six months endedJune 30, 2013 and 2012:

	2013			2012
	(In thousands)
Balance at January 1	$	703		903
(Credited) charged to earnings	(22		)	746
Deductions	(143		)	(911	)
Balance at June 30	$	538		738