Net Investment in Finance Leases (Tables)

3 Months Ended

Mar. 31, 2013

Net Investment in Finance Leases

Schedule of components of the net investment in finance leases

The following table represents the components of the net investment in finance leases (in thousands):

	March 31, 2013			December 31, 2012
Gross finance lease receivables	$	145,951		$	152,321
Allowance on gross finance lease receivables		(823	)		(897	)
Gross finance lease receivables, net of allowance		145,128			151,424
Unearned income		(27,888	)		(29,491	)
Net investment in finance leases	$	117,240		$	121,933

Schedule of categories of gross finance lease receivables based on the Company's internal customer credit ratings

Based on the above categories, the Company's gross finance lease receivables are as follows (in thousands):

	March 31, 2013		December 31, 2012
Tier 1	$	106,582	$	109,883
Tier 2		39,369		42,438
Tier 3		—		—
	$	145,951	$	152,321

Schedule of activity of allowance on gross finance lease receivables

The following table represents the activity of the Company's allowance on gross finance lease receivables for the periods presented (in thousands):

	Beginning Balance		Additions/ (Reversals)			Other(a)			Ending Balance
Finance Lease—Allowance for doubtful accounts:
For the three months ended
March 31, 2013	$	897	$	(73	)	$	(1	)	$	823
March 31, 2012	$	1,073	$	(27	)	$	1		$	1,047

(a)

Primarily relates to the effect of foreign currency translation.