SERVICING LIABILITY – COMMERCIAL FINANCE

12 Months Ended

Sep. 30, 2012

Transfers and Servicing [Abstract]

SERVICING LIABILITY - COMMERCIAL FINANCE

SERVICING LIABILITY – COMMERCIAL FINANCE

During fiscal 2010, the Company sold a portfolio of leases and loans to RSO.  Although it remained as the servicer for the portfolio, the Company agreed not to charge any servicing fees.  Accordingly, the Company recorded a $2.5 million liability for the present value of the estimated costs to service the portfolio.  The liability was eliminated in the formation of LEAF in January 2011 and its reacquisition of the portfolio from RSO.  Amortization of the servicing liability was included as a reduction of commercial finance revenues in the consolidated statements of operations. The table below summarizes the activity for the servicing liability (in thousands):

	Year Ended
	September 30, 2011
Balance, beginning of period	$	(2,362	)
Amortization	88
Elimination of the servicing liability due to the contribution of the RSO portfolio in the formation of LEAF	2,274
Balance, end of period	$	—