Direct Financing Lease Receivables (Tables)

6 Months Ended

Jun. 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:

	June 30, 2012			December 31, 2011
	(In thousands)
Total minimum lease payments receivable	$	631,504		561,772
Less: Executory costs	(207,215		)	(181,820	)
Minimum lease payments receivable	424,289			379,952
Less: Allowance for uncollectibles	(738		)	(903	)
Net minimum lease payments receivable	423,551			379,049
Unguaranteed residuals	62,846			63,472
Less: Unearned income	(100,598		)	(92,637	)
Net investment in direct financing and sales-type leases	385,799			349,884
Current portion	(75,251		)	(68,896	)
Non-current portion	$	310,548		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:

	June 30, 2012		December 31, 2011
	(In thousands)
Very low risk to low risk	$	173,294	121,836
Moderate risk	189,496		190,070
Moderately high risk to high risk	61,499		68,046
	$	424,289	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 six months endedJune 30, 2012:

	(In thousands)
Balance at December 31, 2011	$	903
Charged to earnings	746
Deductions	(911		)
Balance at June 30, 2012	$	738