Investment in equipment and leases, net (Tables)

6 Months Ended

Jun. 30, 2012

Investment in Leases

The Company’s investment in leases consists of the following (in thousands):

	Balance December 31, 2011		Reclassifications & Additions/ Dispositions			Depreciation/Amortization Expense or Amortization of Leases			Balance June 30, 2012
Net investment in operating leases	$	7,867	$	(832	)	$	(571	)	$	6,464
Net investment in direct financing leases		256		(3	)		(86	)		167
Assets held for sale or lease, net		153		797			—			950
Total	$	8,276	$	(38	)	$	(657	)	$	7,581

Property on Operating Lease

Property on operating leases consists of the following (in thousands):

	Balance December 31, 2011			Additions			Reclassifications or Dispositions			Balance June 30, 2012
Containers	$	19,678		$	—		$	(170	)	$	19,508
Transportation, rail		16,316			—			(4,318	)		11,998
Marine vessel		4,793			—			—			4,793
Other		640			—			—			640
		41,427			—			(4,488	)		36,939
Less accumulated depreciation		(33,560	)		(571	)		3,656			(30,475	)
Total	$	7,867		$	(571	)	$	(832	)	$	6,464

Components of Investment in Direct Financing Leases

The components of the Company’s investment in direct financing leases as of June 30, 2012 and December 31, 2011 are as follows (in thousands):

	June 30, 2012			December 31, 2011
Total minimum lease payments receivable	$	128		$	248
Estimated residual values of leased equipment (unguaranteed)		52			54
Investment in direct financing leases		180			302
Less unearned income		(13	)		(46	)
Net investment in direct financing leases	$	167		$	256

Aggregate Amount of Future Lease Payments

At June 30, 2012, the aggregate amount of future lease payments is as follows (in thousands):

	Operating Leases		Direct Financing Leases		Total
Six months ending December 31, 2012	$	842	$	80	$	922
Year ending December 31, 2013		1,053		48		1,101
2014		670		—		670
2015		309		—		309
2016		179		—		179
2017		179		—		179
Thereafter		75		—		75
	$	3,307	$	128	$	3,435