Equipment Under Operating Leases, Net (Tables)

12 Months Ended

Dec. 31, 2019

Equipment Under Operating Leases, Net [Abstract]

The Company’s equipment under operating leases consists of the following (in thousands):


					Depreciation/
			Reclassifications,		Amortization
	Balance		Improvements/		Expense or		Balance
	December 31,		Dispositions and		Amortization		December 31,
	2018		Impairment Losses		of Leases		2019
Equipment under operating leases, net	$	17,005	$	(3,443)	$	(2,085)	$	11,477
Assets held for sale or lease, net		2,677		1,302		(799)		3,180
IDC, net of accumulated amortization of $0 at December 31, 2019 and $9 at December 31, 2018		2		(1)		(1)		—
Total	$	19,684	$	(2,142)	$	(2,885)	$	14,657

Property On Operating Leases

Property on operating leases consists of the following (in thousands):


	Balance						Balance
	December 31,				Reclassifications		December 31,
	2018		Additions		or Dispositions		2019
Marine vessel	$	19,410	$	—	$	—	$	19,410
Transportation, rail		5,823		—		(1,813)		4,010
Transportation		7,467		—		(7,259)		208
Manufacturing		6,317		—		(1,025)		5,292
Materials handling		1,399		—		(1,073)		326
Construction		919		—		—		919
Agriculture		542		—		—		542
Air support equipment		120		—		(120)		—
Other		83		—		(83)		—
		42,080		—		(11,373)		30,707
Less accumulated depreciation		(25,075)		(2,085)		7,930		(19,230)
Total	$	17,005	$	(2,085)	$	(3,443)	$	11,477

Future Minimum Lease Payments Receivable

At December 31, 2019, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):


	Operating
	Leases
Year ending December 31, 2020	$	1,558
2021		1,266
2022		1,180
2023		1,164
2024		211
	$	5,379

Schedule of Useful Lives of Lease Assets

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of December 31, 2019 and 2018, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):


Equipment category		Useful Life
Transportation, rail		35 - 50
Marine vessel		20 - 30
Manufacturing		10 -15
Agriculture		7 - 10
Construction		7 - 10
Materials handling		7 - 10
Transportation		7 - 10