Net Investment In Direct Finance Leases (Tables)

9 Months Ended

Sep. 30, 2016

Net Investment In Direct Finance Leases [Abstract]

Components Of Net Investment In Direct Finance Leases

	September 30,		December 31,
	2016		2015
Gross finance lease receivables (1)	$	121,103	$	124,747
Unearned income (2)		(20,269)		(21,379)
Net investment in direct finance leases	$	100,834	$	103,368

(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 receivables are reduced as customer payments are received.  There was no unguaranteed residual value at September 30, 2016 and December 31, 2015 included in gross finance lease receivables. There were no executory costs included in gross finance lease receivables as of September 30, 2016 and December 31, 2015.

CAI INTERNATIONAL, INC.

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

(2) The difference between the gross finance lease receivables 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 September 30, 2016 and December 31, 2015.

Gross Finance Lease Receivables By Customer Categories

	September 30,		December 31,
	2016		2015
Tier 1	$	76,535	$	86,981
Tier 2		44,568		37,766
Tier 3		-		-
	$	121,103	$	124,747

Contractual Maturities Of Gross Finance Lease Receivables

2017	$	39,070
2018		30,819
2019		20,222
2020		11,697
2021		9,594
2022 and thereafter		9,701
	$	121,103