Investment in Equipment and Leases, Net (Tables)

6 Months Ended

Jun. 30, 2014

Investment in Equipment and Leases, Net [Abstract]

Investment in Leases

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

		Balance December 31, 2013		Reclassifications & Additions / Dispositions		Depreciation/ Amortization Expense or Amortization of Leases		Balance June 30, 2014
Net investment in operating leases	$	4,231	$	(30)	$	(258)	$	3,943
Assets held for sale or lease, net		1,290		(492)		-		798
Total	$	5,521	$	(522)	$	(258)	$	4,741

Property on Operating Leases

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

		Balance December 31, 2013		Additions		Reclassifications or Dispositions		Balance June 30, 2014
Transportation, rail	$	11,353	$	-	$	2,827	$	14,180
Containers		15,874		-		(3,251)		12,623
Other		640		-		-		640
		27,867		-		(424)		27,443
Less accumulated depreciation		(23,636)		(258)		394		(23,500)
Total	$	4,231	$	(258)	$	(30)	$	3,943

Future Minimum Lease Payments Receivable

At June 30, 2014, the aggregate amount of future lease payments associated with operating leases is as follows  (in thousands):

		Operating Leases
Six months ending December 31, 2014	$	937
Year ending December 31, 2015		1,127
2016		752
2017		462
2018		78
2019		4
Thereafter		2
	$	3,362