Direct Financing Lease Receivables (Tables)

9 Months Ended

Sep. 30, 2012

Receivables [Abstract]

Net investment in direct financing and sales-type leases

The net investment in direct financing and sales-type leases consisted of:

	September 30, 2012			December 31, 2011
	(In thousands)
Total minimum lease payments receivable	$	637,870		561,772
Less: Executory costs	(208,499		)	(181,820	)
Minimum lease payments receivable	429,371			379,952
Less: Allowance for uncollectibles	(651		)	(903	)
Net minimum lease payments receivable	428,720			379,049
Unguaranteed residuals	63,284			63,472
Less: Unearned income	(100,523		)	(92,637	)
Net investment in direct financing and sales-type leases	391,481			349,884
Current portion	(77,360		)	(68,896	)
Non-current portion	$	314,121		280,988

Credit risk profile by creditworthiness category of direct financing lease receivables

The following table presents the credit risk profile by creditworthiness category of our direct financing lease receivables:

	September 30, 2012		December 31, 2011
	(In thousands)
Very low risk to low risk	$	184,214	121,836
Moderate risk	185,102		190,070
Moderately high risk to high risk	60,055		68,046
	$	429,371	379,952

Allowance for credit losses on direct financing lease receivables

The following table is a rollforward of the allowance for credit losses on direct financing lease receivables for the nine months endedSeptember 30, 2012:

	(In thousands)
Balance at December 31, 2011	$	903
Charged to earnings	667
Deductions	(919		)
Balance at September 30, 2012	$	651