Net Investment In Finance Leases (Tables)

12 Months Ended

Dec. 31, 2019

Net Investment In Finance Leases [Abstract]

Components Of Net Investment In Direct Finance Leases

	December 31,		December 31,
	2019		2018
Gross finance lease receivables (1)	$	804,880	$	804,511
Unearned income (2)		(238,164)		(254,744)
Net investment in finance leases	$	566,716	$	549,767

(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 $74.3 million and $74.4 million unguaranteed residual value at December 31, 2019 and 2018, respectively, included in gross finance lease receivables. There were no executory costs included in gross finance lease receivables as of December 31, 2019 and 2018.

(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 December 31, 2019 and 2018.

Gross Finance Lease Receivables By Customer Categories

	December 31,		December 31,
	2019		2018
Tier 1	$	725,038	$	698,014
Tier 2		79,842		106,497
Tier 3		-		-
	$	804,880	$	804,511

Contractual Maturities Of Gross Finance Lease Receivables

2020	$	114,614
2021		111,508
2022		108,638
2023		89,270
2024		62,849
2025 and thereafter		318,001
	$	804,880