XML 39 R19.htm IDEA: XBRL DOCUMENT

Investment in Leasing Operations: (Tables)

9 Months Ended

Sep. 29, 2012

Investment in Leasing Operations:

Schedule of investment in leasing operations

		September 29, 2012			December 31, 2011
Direct financing and sales-type leases:
Minimum lease payments receivable		$	26,733,300		$	27,413,300
Estimated residual value of equipment		2,501,900			2,764,400
Unearned lease income net of initial direct costs deferred		(4,647,100		)	(4,217,000		)
Security deposits		(2,651,000		)	(2,448,800		)
Equipment installed on leases not yet commenced		12,438,500			6,489,200
Total investment in direct financing and sales-type leases		34,375,600			30,001,100
Allowance for credit losses		(802,000		)	(803,800		)
Net investment in direct financing and sales-type leases		33,573,600			29,197,300
Operating leases:
Operating lease assets		1,349,400			1,218,900
Less accumulated depreciation and amortization		(785,000		)	(567,300		)
Net investment in operating leases		564,400			651,600
Total net investment in leasing operations		$	34,138,000		$	29,848,900

Schedule of future minimum lease payments receivable under lease contracts and the amortization of unearned lease income, net of initial direct costs deferred

		Direct Financing and Sales-Type Leases						Operating Leases
		Minimum Lease Payments Receivable			Income Amortization			Minimum Lease Payments Receivable
2012		$	4,239,300		$	1,263,800		$	262,600
2013		13,224,200			2,576,000			1,552,100
2014		6,813,400			692,300			132,400
2015		1,957,100			108,300			—
2016		499,300			6,700			—
Thereafter		—			—			—
		$	26,733,300		$	4,647,100		$	1,947,100

Schedule of activity in the allowance for credit losses for leasing operations

		September 29, 2012			September 24, 2011
Balance at beginning of period		$	803,800		$	907,800
Provisions charged to expense		(69,600		)	8,200
Recoveries		195,900			248,500
Deductions for amounts written-off		(128,100		)	(288,100		)
Balance at end of period		$	802,000		$	876,400

Schedule of investment in direct financing and sales-type leases (investment in leases) and allowance for credit losses by loss evaluation methodology

		September 29, 2012						December 31, 2011
		Investment In Leases			Allowance for Credit Losses			Investment In Leases			Allowance for Credit Losses
Collectively evaluated for loss potential		$	34,375,600		$	802,000		$	30,001,100		$	803,800
Individually evaluated for loss potential		—			—			—			—
Total		$	34,375,600		$	802,000		$	30,001,100		$	803,800

Schedule of information regarding accruing and non-accrual leases

		September 29, 2012
		0-60 Days Delinquent and Accruing			61-90 Days Delinquent and Accruing			Over 90 Days Delinquent and Accruing			Non-Accrual			Total
Middle-Market		$	32,469,600		$	—		$	—		$	—		$	32,469,600
Small-Ticket		1,899,100			6,900			—			—			1,906,000
Total Investment in Leases		$	34,368,700		$	6,900		$	—		$	—		$	34,375,600

		December 31, 2011
		0-60 Days Delinquent and Accruing			61-90 Days Delinquent and Accruing			Over 90 Days Delinquent and Accruing			Non-Accrual			Total
Middle-Market		$	25,650,500		$	932,100		$	—		$	—		$	26,582,600
Small-Ticket		3,351,400			48,300			—			18,800			3,418,500
Total Investment in Leases		$	29,001,900		$	980,400		$	—		$	18,800		$	30,001,100