Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Net Investments in Direct Financing Leases

Net investments in our direct financing lease investments is summarized as follows (in thousands):

	March 31, 2019			December 31, 2018
Lease payments receivable	$	57,725		$	58,353
Unguaranteed residual value	39,402			39,402
	97,127			97,755
Less: unearned income	(55,298		)	(56,010		)
	$	41,829		$	41,745

Future Lease Payments

Scheduled future lease payments (exclusive of renewal options that are determined to be reasonably certain of exercise, expenses paid by tenants, percentage of rents, and future CPI-based adjustments) under non-cancelable direct financing leases as of March 31, 2019 were as follows (in thousands):

Years Ending December 31,	Total
2019 (remainder)	$	2,553
2020	3,466
2021	3,533
2022	3,610
2023	3,688
Thereafter	40,875
Total undiscounted cash flows	$	57,725

Future Lease Payments - Before Adoption

Scheduled future lease payments (exclusive of renewal options that are determined to be reasonably certain of exercise, expenses paid by tenants, percentage of rents, and future CPI-based adjustments) under non-cancelable direct financing leases as of December 31, 2018 were as follows (in thousands):

Years Ending December 31,	Total
2019	$	3,375
2020	3,455
2021	3,523
2022	3,599
2023	3,677
Thereafter	40,724
Total undiscounted cash flows	$	58,353

Financing Receivable Credit Quality Indicators

A summary of our finance receivables by internal credit quality rating is as follows (dollars in thousands):

	Number of Tenants/Obligors at		Carrying Value at
Internal Credit Quality Indicator	March 31, 2019	December 31, 2018	March 31, 2019		December 31, 2018
1	—	—	$	—	$	—
2	2	2	15,685		15,705
3	2	2	29,759		29,751
4	2	2	60,339		60,243
5	—	—	—		—
	0		$	105,783	$	105,699