Concentration of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2014

Concentration of Credit Risk and Major Customers [Abstract]

Concentration of Credit Risk and Major Customers

3. Concentration of credit risk and major customers:

The Company leases equipment to lessees in diversified industries. Leases are subject to AFS’s credit committee review. The leases provide for the return of the equipment to the Company upon default.

As of December 31, 2014 and 2013, there were concentrations (defined as greater than or equal to 10%) of equipment leased to lessees in certain industries (as a percentage of total equipment cost) as follows:

	2014	2013
Transportation, rail	45%	41%
Transportation, containers	35%	57%

During 2014 and 2013, certain lessees generated significant portions (defined as greater than or equal to 10%) of the Company’s total lease revenues, excluding gains or losses from disposition of assets, as follows:

		Percentage of Total Lease Revenues
Lessee	Type of Equipment	2014	2013
Exsif Worldwide Inc.	Transportation, other	33%	45%
Interstate Commodities, Inc.	Transportation, rail	16%	*
*  Less than 10%