2.4.0.8010050 - Disclosure - Finance Receivablestruefalsefalse1false falsefalseFROM_Jan01_2013_TO_Jun30_2013http://www.sec.gov/CIK0001025378duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_ReceivablesAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Finance Receivables2false 2us-gaap_FinancingReceivablesTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00Note 5. Finance Receivables Assets representing rights to receive money on demand or at fixed or determinable dates are referred to as finance receivables. Our finance receivable portfolios consist of our Net investments in direct financing leases and deferred acquisition fees. Operating leases are not included in finance receivables as such amounts are not recognized as an asset in the consolidated balance sheets. Deferred Acquisition Fees Receivable As described in Note 3, a portion of our structuring revenue is due in equal annual installments ranging from three to eight years, provided the CPA® REITs meet their respective performance criteria. Unpaid deferred installments, including accrued interest, from all of the CPA® REITs were included in Due from affiliates in the consolidated financial statements. Credit Quality of Finance Receivables We generally seek investments in facilities that we believe are critical to a tenant's business and that we believe have a low risk of tenant defaults. At both June 30, 2013 and December 31, 2012, none of our finance receivables were past due and we had not established any allowances for credit losses. There were no modifications of finance receivables for the six months ended June 30, 2013 or for the year ended December 31, 2012. We evaluate the credit quality of our tenant receivables utilizing an internal 5-point credit rating scale, with 1 representing the highest credit quality and 5 representing the lowest. The credit quality evaluation of our tenant receivables was last updated in the second quarter of 2013. We believe the credit quality of our deferred acquisition fees receivable falls under category 1, as the CPA® REITs are expected to have the available cash to make such payments. A summary of our finance receivables by internal credit quality rating is as follows (dollars in thousands): <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 214px; text-align:left;border-color:#000000;min-width:214px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:left;border-color:#000000;min-width:115px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:left;border-color:#000000;min-width:115px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; text-align:left;border-color:#000000;min-width:115px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; text-align:left;border-color:#000000;min-width:115px;"> </td></tr><tr style="height: 15px"><td style="width: 214px; text-align:left;border-color:#000000;min-width:214px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td colspan="3" style="width: 235px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:235px;">Number of Tenants at</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;"> </td><td colspan="5" style="width: 261px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:261px;">Net Investments in Direct Financing Leases at</td></tr><tr style="height: 15px"><td style="width: 214px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:214px;">Internal Credit Quality Indicator</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:115px;">June 30, 2013</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:115px;">December 31, 2012</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 128px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:128px;">June 30, 2013</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:5px;"> </td><td colspan="2" style="width: 128px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:128px;">December 31, 2012</td></tr><tr style="height: 17px"><td style="width: 214px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:214px;">1</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:115px;">3</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:115px;">3</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;">$</td><td style="width: 115px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:115px;"> 46,376</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;">$</td><td style="width: 115px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:115px;"> 46,398</td></tr><tr style="height: 17px"><td style="width: 214px; text-align:left;border-color:#000000;min-width:214px;">2</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:center;border-color:#000000;min-width:115px;">3</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:center;border-color:#000000;min-width:115px;">4</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; text-align:right;border-color:#000000;min-width:115px;"> 28,092</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; text-align:right;border-color:#000000;min-width:115px;"> 49,764</td></tr><tr style="height: 17px"><td style="width: 214px; text-align:left;border-color:#000000;min-width:214px;">3</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:center;border-color:#000000;min-width:115px;">9</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:center;border-color:#000000;min-width:115px;">8</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; text-align:right;border-color:#000000;min-width:115px;"> 278,394</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; text-align:right;border-color:#000000;min-width:115px;"> 257,281</td></tr><tr style="height: 17px"><td style="width: 214px; text-align:left;border-color:#000000;min-width:214px;">4</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:center;border-color:#000000;min-width:115px;">1</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:center;border-color:#000000;min-width:115px;">4</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; text-align:right;border-color:#000000;min-width:115px;"> 7,839</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; text-align:right;border-color:#000000;min-width:115px;"> 22,562</td></tr><tr style="height: 17px"><td style="width: 214px; text-align:left;border-color:#000000;min-width:214px;">5</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:center;border-color:#000000;min-width:115px;">-</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:center;border-color:#000000;min-width:115px;">- </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:115px;"> -</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 115px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:115px;"> -</td></tr><tr style="height: 17px"><td style="width: 214px; text-align:left;border-color:#000000;min-width:214px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:left;border-color:#000000;min-width:115px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 115px; text-align:left;border-color:#000000;min-width:115px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;">$</td><td style="width: 115px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:115px;"> 360,701</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:13px;">$</td><td style="width: 115px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:115px;"> 376,005</td></tr></table></div>During the six months ended June 30, 2013, we reclassified $5.6 million of properties from Net investment in direct financing leases to Real estate (Note 4) in connection with the restructuring of two leases. Additionally, during the six months ended June 30, 2013, we sold our net investment in a direct financing lease, which we acquired in the CPA®:15 Merger, for $5.5 million, net of selling costs, and recognized a loss on the sale of $0.3 million. falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=7880640&loc=SL6953791-111525 false0Finance ReceivablesfalseFinance ReceivablesUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.wpcarey.com/role/DisclosureFinanceReceivables12