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Net Investment In Direct Financing Leases | 12 Months Ended
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Dec. 31, 2011
Net Investment In Direct Financing Leases [Abstract] |
Net Investment In Direct Financing Leases | 7. Net Investment in Direct Financing Leases Our direct financing leases include a lease of the Northeast Jackson Dome ("NEJD") Pipeline. Under the terms of the agreement, we are paid quarterly payments, which commenced August 30, 2008. These quarterly payments are fixed at approximately $20.7 million per year during the lease term at an interest rate of 10.25%. At the end of the lease term in 2028, we will convey all of our interests in the NEJD Pipeline to the lessee for a nominal payment. The following table lists the components of the net investment in direct financing leases:
|  | December 31, |
|  | 2011 |  |  | 2010 |
Total minimum lease payments to be received |  | $ | 341,917 |  |  | $ | 365,169 |
Estimated residual values of leased property (unguaranteed) |  |  | 1,287 |  |  |  | 1,287 |
Unamortized initial direct costs |  |  | 1,992 |  |  |  | 2,184 |
Less unearned income |  |  | (176,726 | ) |  |  | (195,586 | )
Net investment in direct financing leases |  |  | 168,470 |  |  |  | 173,054 |
Less current portion (included in other current assets) |  |  | (6,010 | ) |  |  | (4,616 | )
Long-term portion of net investment in direct financing leases |  | $ | 162,460 |  |  | $ | 168,438 |
At December 31, 2011, minimum lease payments to be received for each of the five succeeding fiscal years are $21.8 million for 2012, $21.3 million for 2013, $21.2 million for 2014 and $20.7 million per year for 2015 and 2016.

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- Definition The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 47 -URI http://asc.fasb.org/extlink&oid=6584217&loc=d3e38847-112698 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6452767&loc=d3e37045-112695 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6952072&loc=d3e45377-112738 + Details
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