Investments in Equipment and Leases, Net (Tables)

3 Months Ended

Mar. 31, 2017

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

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

						Depreciation/
			Reclassifications		Amortization
	Balance		&			Expense or		Balance
	December 31,		Additions /			Amortization		March 31,
	2016		Dispositions			of Leases		2017
Net investment in operating leases	$	2,757	$	(28)		$	(62)	$	2,667
Assets held for sale or lease, net		697		6			-		703
Initial direct costs, net of accumulated    amortization of $2 at March 31, 2017    and $1 at December 31, 2016		12		-			(1)		11
Total	$	3,466	$	(22)		$	(63)	$	3,381

Property on Operating Leases

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

	Balance				Reclassifications		Balance
	December 31,				or		March 31,
	2016		Additions		Dispositions		2017
Transportation, rail	$	15,111	$	-	$	(40)	$	15,071
Containers		6,970		-		(275)		6,695
Aviation		11		-		(1)		10
		22,092		-		(316)		21,776
Less accumulated depreciation		(19,335)		(62)		288		(19,109)
Total	$	2,757	$	(62)	$	(28)	$	2,667

Future Minimum Lease Payments Receivable

At March 31, 2017, the aggregate amounts of future lease payments receivable are as follows (in thousands):

		Operating Leases
Nine months ending December 31, 2017	$	1,213
Year ending December 31, 2018		1,367
2019		1,102
2020		375
2021		48
	$	4,105

Schedule of Useful Lives of Assets

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of March 31, 2017, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Transportation, rail	35 - 40
Aviation equipment	15 - 20
Containers	15 - 20