Direct Financing Lease Receivables (Tables)

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Net investment in direct financing and sales-type leases

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

	March 31, 2013			December 31, 2012
	(In thousands)
Total minimum lease payments receivable	$	602,575		629,919
Less: Executory costs	(190,380		)	(201,777	)
Minimum lease payments receivable	412,195			428,142
Less: Allowance for uncollectibles	(643		)	(703	)
Net minimum lease payments receivable	411,552			427,439
Unguaranteed residuals	58,022			60,764
Less: Unearned income	(93,209		)	(96,280	)
Net investment in direct financing and sales-type leases	376,365			391,923
Current portion	(73,951		)	(76,395	)
Non-current portion	$	302,414		315,528

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:

	March 31, 2013		December 31, 2012
	(In thousands)
Very low risk to low risk	$	172,034	193,123
Moderate risk	175,056		177,400
Moderately high risk to high risk	65,105		57,619
	$	412,195	428,142

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 three months endedMarch 31, 2013 and 2012:

	2013			2012
	(In thousands)
Balance at December 31	$	703		903
Charged to earnings	(42		)	783
Deductions	(18		)	(879	)
Balance at March 31	$	643		807