Net Investment in Finance Leases (Tables)

2 Months Ended

Feb. 29, 2020

Leases [Abstract]

Schedule Of Components Of Investment In Finance Leases

f our net investment in leases at February 29, 2020, and December 31, 2019, were as follows:

	February 29, 2020		December 31, 2019
Lease receivable	$	166,060	$	164,816
Unguaranteed residual value of flight equipment	266,750		254,580
Net investment leases	432,810		419,396
Allowance for credit losses	(6,558)		—
Net investment in leases, net of allowance	$	426,252	$	419,396

Schedule of Future Minimum Lease Payments for Capital Leases

The activity in the allowance for credit losses related to our net investment in leases for the two months ended February 29, 2020 is as follows:

	Amount
Balance at December 31, 2019	$	—
Adoption of accounting standard	6,270
Provision for credit losses	288
Balance at February 29, 2020	$	6,558

At February 29, 2020, future lease payments on net investment in leases are as follows:

Year Ending February 29/28,	Amount
Remainder of 2020	$	51,302
2021	45,936
2022	33,270
2023	28,523
2024	10,232
Thereafter	21,989
Total lease payments to be received	191,252
Present value of lease payments - lease receivable	(166,060)
Difference between undiscounted lease payments and lease receivable	$	25,192