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INVESTMENT IN LEASES AND LEASED EQUIPMENT - NET (Tables) | 12 Months Ended
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Mar. 31, 2013
INVESTMENT IN LEASES AND LEASED EQUIPMENT - NET [Abstract] |
Components of Investments in Leases | Our investment in leases and leased equipment—net consists of the following (in thousands):
|  | March 31, |  |  | March 31, |
|  | 2013 |  |  | 2012 |
Investment in direct financing and sales-type leases—net |  | $ | 66,243 |  |  | $ | 95,460 |
Investment in operating lease equipment—net |  |  | 24,467 |  |  |  | 20,514 |
|  | $ | 90,710 |  |  | $ | 115,974 |
Investment in Direct Financing and Sales-type Leases - Net | Our investment in direct financing and sales-type leases—net consists of the following (in thousands):
|  | March 31, |  |  | March 31, |
|  | 2013 |  |  | 2012 |
Minimum lease payments |  | $ | 64,614 |  |  | $ | 99,747 |
Estimated unguaranteed residual value (1) |  |  | 7,557 |  |  |  | 6,917 |
Initial direct costs, net of amortization (2) |  |  | 684 |  |  |  | 797 |
Less: Unearned lease income |  |  | (5,767 | ) |  |  | (10,665 | )
Less: Reserve for credit losses (3) |  |  | (845 | ) |  |  | (1,336 | )
Investment in direct financing and sales-type leases—net |  | $ | 66,243 |  |  | $ | 95,460 |
(1) | Includes estimated unguaranteed residual values of $3,361 thousand and $1,700 thousand as of March 31, 2013 and 2012, respectively, for direct financing leases which have been sold and accounted for as sales under Codification Topic Transfers and Servicing.
(2) | Initial direct costs are shown net of amortization of $479 thousand and $512 thousand as of March 31, 2013 and 2012, respectively.
(3) | For details on reserve for credit losses, refer to Note 4, "Reserves for Credit Losses."
Future Scheduled Minimum Lease Payments | Future scheduled minimum lease payments as of March 31, 2013 are as follows (in thousands):
Year ending March 31, 2014 |  | $ | 30,877 |
2015 |  |  | 19,653 |
2016 |  |  | 10,905 |
2017 |  |  | 2,781 |
2018 and thereafter |  |  | 398 |
Total |  | $ | 64,614 |
Investment in Operating Lease Equipment - Net | Investment in operating lease equipment—net primarily represents leases that do not qualify as direct financing leases. The components of the investment in operating lease equipment—net are as follows (in thousands):
|  | March 31, |  |  | March 31, |
|  | 2013 |  |  | 2012 |
Cost of equipment under operating leases |  | $ | 46,106 |  |  | $ | 44,487 |
Less: Accumulated depreciation and amortization |  |  | (21,639 | ) |  |  | (23,973 | )
Investment in operating lease equipment—net (1) |  | $ | 24,467 |  |  | $ | 20,514 |
(1) | Includes estimated unguaranteed residual values of $7,763 thousand and $7,802 thousand as of March 31, 2013 and 2012, respectively.
Future Minimum Rental Payments for Operating Leases | Future scheduled minimum lease rental payments as of March 31, 2013 are as follows (in thousands):
Year ending March 31, 2014 |  | $ | 10,336 |
2015 |  |  | 6,149 |
2016 |  |  | 1,946 |
2017 |  |  | 149 |
2018 and thereafter |  |  | 30 |
Total |  | $ | 18,610 |

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- Definition Tabular disclosure of the components of the investment in leases and leased equipment-net. + References No definition available. + Details
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- Definition Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization as well as for sales type leases and are used in the normal conduct of business to produce goods and services. + References No definition available. + Details
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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717 + Details
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- Definition Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -Subparagraph b(i) -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. + Details
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