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Net Investment in Direct Finance Leases (Tables)
 3 Months Ended
Mar. 31, 2013
Net Investment in Direct Finance Leases [Abstract]  
Components of entity's net investment in finance leases
The following table represents the components of the Company's net investment in finance leases (in thousands):
 
   
March 31,
2013
   
December 31,
2012
 
Gross finance lease receivables (1)
 
$
116,118
   
$
116,999
 
Unearned income (2)
   
(30,138
)
   
(31,445
)
Net investment in finance leases
 
$
85,980
   
$
85,554
 
 
(1)
At the inception of the lease, the Company records the total minimum lease payments, executory costs, if any, and unguaranteed residual value as gross finance lease receivables. The gross finance lease receivable is reduced as customer payments are received.  Approximately $13.0 million and $9.1 million of unguaranteed residual value at March 31, 2013 and December 31, 2012, respectively, were included in gross finance lease receivables. There were no executory costs included in gross finance lease receivables as of March 31, 2013 and December 31, 2012.
 
 (2)
The difference between the gross finance lease receivable and the cost of the equipment or carrying amount at the lease inception is recorded as unearned income. Unearned income together with initial direct costs, are amortized to income over the lease term so as to produce a constant periodic rate of return. There were no unamortized initial direct costs as of March 31, 2013 and December 31, 2012.
 
Gross finance lease receivables by categories of customers
Based on the above categories, the Company's gross finance lease receivables were as follows (in thousands):
 
   
March 31,
2013
   
December 31,
2012
 
Tier 1
 
$
98,443
   
$
98,611
 
Tier 2
   
17,675
     
18,388
 
Tier 3
   
—
     
—
 
   
$
116,118
   
$
116,999
 

Contractual maturities of gross finance lease receivables
Contractual maturities of the Company's gross finance lease receivables subsequent to March 31, 2013 for the years ending March 31 are as follows (in thousands):
 
2014
 
$
19,007
 
2015
   
22,810
 
2016
   
16,503
 
2017
   
17,705
 
2018
   
10,788
 
2019 and thereafter
   
29,305
 
   
$
116,118