XML 59 R52.htm IDEA: XBRL DOCUMENT v3.20.2
INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Narrative) (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2020
USD ($)
numberOfVessels
Dec. 31, 2019
USD ($)
numberOfVessels
carrier
Sale Leaseback Transaction [Line Items]    
Total minimum lease payments to be received $ 1,164,540 $ 1,219,715
Less: amounts representing estimated executory costs including profit thereon, included in total minimum lease payments (44,010) (64,222)
Net minimum lease payments receivable 1,120,530 1,155,493
Estimated residual values of leased property (un-guaranteed) 349,471 331,929
Less: unearned income (465,864) (493,035)
Total investment in sales-type lease, direct financing lease and leaseback assets 1,004,137 994,387
Net Investment in Lease, Allowance for Credit Loss   0
Investment in sales-type leases, direct financing leases and leaseback assets, current portion 62,808 56,189
Investment in sales-type leases, direct financing leases and leaseback assets, long-term portion 936,496 $ 938,198
Number Of Vessels Accounted For As Leaseback Assets Purchased | numberOfVessels   6
Net Investment In Lease And Leaseback Assets, After allowance for expected credit losses 999,304 $ 994,387
Investment in Sales Type, Direct Financing Leases and Leaseback Assets [Member]    
Sale Leaseback Transaction [Line Items]    
Net Investment in Lease, Allowance for Credit Loss 4,833 0
Total investment in sales-type lease, direct financing lease and leaseback assets (4,833)  
Front Hakata    
Sale Leaseback Transaction [Line Items]    
Gain (Loss) on Disposition of Property Plant Equipment 1,400  
Sea Leopard    
Sale Leaseback Transaction [Line Items]    
Gain (Loss) on Disposition of Property Plant Equipment (30)  
Impairment Loss on Investment in Direct Financing Leases 200  
Sales-Type Leases And Direct Financing Leases [Member]    
Sale Leaseback Transaction [Line Items]    
Total minimum lease payments to be received 985,258 1,085,642
Less: amounts representing estimated executory costs including profit thereon, included in total minimum lease payments (44,010) 64,222
Net minimum lease payments receivable 941,248 1,021,420
Estimated residual values of leased property (un-guaranteed) 178,471 192,429
Less: unearned income 383,847 427,251
Total investment in sales-type lease, direct financing lease and leaseback assets 735,872 786,598
Net Investment in Lease, Allowance for Credit Loss   0
Total investment in sales-type lease, direct financing lease and leaseback assets (4,104)  
Investment in sales-type leases, direct financing leases and leaseback assets, current portion 44,683 45,361
Investment in sales-type leases, direct financing leases and leaseback assets, long-term portion $ 687,085 $ 741,237
Number of Vessels under Investments in Sales-Type Leases, Direct Financing Leases and Leaseback Assets 24 26
Net Investment In Lease And Leaseback Assets, After allowance for expected credit losses $ 731,768 $ 786,598
Leaseback Assets [Member]    
Sale Leaseback Transaction [Line Items]    
Total minimum lease payments to be received 179,282 134,073
Less: amounts representing estimated executory costs including profit thereon, included in total minimum lease payments 0 0
Net minimum lease payments receivable 179,282 134,073
Estimated residual values of leased property (un-guaranteed) 171,000 139,500
Less: unearned income 82,017 65,784
Total investment in sales-type lease, direct financing lease and leaseback assets 268,265 207,789
Net Investment in Lease, Allowance for Credit Loss   0
Total investment in sales-type lease, direct financing lease and leaseback assets (729)  
Investment in sales-type leases, direct financing leases and leaseback assets, current portion 18,125 10,828
Investment in sales-type leases, direct financing leases and leaseback assets, long-term portion $ 249,411 $ 196,961
Number of Vessels under Investments in Sales-Type Leases, Direct Financing Leases and Leaseback Assets | numberOfVessels 7 6
Net Investment In Lease And Leaseback Assets, After allowance for expected credit losses $ 267,536 $ 207,789
MSC [Member]    
Sale Leaseback Transaction [Line Items]    
Term of lease or charter | numberOfVessels   6
Number Of Vessels Accounted For As Leaseback Assets Purchased | numberOfVessels   3
Hunter Group ASA [Member]    
Sale Leaseback Transaction [Line Items]    
Term of lease or charter | numberOfVessels   5
Number Of Vessels Accounted For As Leaseback Assets Purchased | numberOfVessels   3
Landbridge Universal Limited [Member]    
Sale Leaseback Transaction [Line Items]    
Term of lease or charter | numberOfVessels 7