Investment in Direct Finance Leases

12 Months Ended

Dec. 31, 2012

Investment in Direct Finance Leases [Abstract]

The Company’s investment in direct finance leases relates to the financing and management of one Australian facility. The Company’s wholly-owned Australian subsidiary financed the facility’s development with long-term debt obligations, which are non-recourse to the Company.

The future minimum rentals to be received are as follows:



Fiscal Year	Annual Repayment
	(In thousands)
2013	$	8,747
2014	9,088
2015	9,688
2016	10,000
2017	2,893

Total minimum obligation	$	40,416
Less unearned interest income	(7,760		)
Less current portion of direct finance lease	(5,899		)

Long term portion of investment in direct finance lease	$	26,757

- Definition

The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.

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