XML 34 R16.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Net Investment in Direct Financing Leases | 12 Months Ended
--- | ---
Dec. 31, 2018
Leases [Abstract] |
Net Investment in Direct Financing Leases | 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 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. There are requirements in our leases that would provide credit support should the credit rating of our lessee fall to certain levels, and at December 31, 2018, the required credit support has been provided. The following table lists the components of the net investment in direct financing leases:
| December 31,
| 2018 |  | 2017
Total minimum lease payments to be received | $ | 195,280 |  |  | $ | 215,884 |
Unamortized initial direct costs | 801 |  |  | 950 |
Less unearned income | (70,735 | ) |  | (83,918 | )
Net investment in direct financing leases | 125,346 |  |  | 132,916 |
Less current portion (included in other current assets) | (8,421 | ) |  | (7,633 | )
Long-term portion of net investment in direct financing leases | $ | 116,925 |  |  | $ | 125,283 |
At December 31, 2018, minimum lease payments to be received for each of the five succeeding fiscal years are $20.7 million.

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2209026 + Details
Name: | us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration