Direct Financing Lease Receivables (Tables)

9 Months Ended

Sep. 30, 2013

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, 2013			December 31, 2012
	(In thousands)
Total minimum lease payments receivable	$	633,801		629,919
Less: Executory costs	(197,549		)	(201,777	)
Minimum lease payments receivable	436,252			428,142
Less: Allowance for uncollectibles	(564		)	(703	)
Net minimum lease payments receivable	435,688			427,439
Unguaranteed residuals	57,545			60,764
Less: Unearned income	(93,597		)	(96,280	)
Net investment in direct financing and sales-type leases	399,636			391,923
Current portion	(77,618		)	(76,395	)
Non-current portion	$	322,018		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:

	September 30, 2013		December 31, 2012
	(In thousands)
Very low risk to low risk	$	185,750	193,123
Moderate risk	184,671		177,400
Moderately high risk to high risk	65,831		57,619
	$	436,252	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 nine months endedSeptember 30, 2013 and 2012:

	2013			2012
	(In thousands)
Balance at January 1	$	703		903
Charged to earnings	2			667
Deductions	(141		)	(919	)
Balance at September 30	$	564		651