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Net Investment in Leases (Tables) | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Schedule of net investment in leases | The Company's net investment in leases were comprised of the following as of June 30, 2020 and December 31, 2019 ($ in thousands):
|  | June 30, 2020 |  | December 31, 2019
Total undiscounted cash flows |  | $ | 1,020,577 |  |  | $ | 1,042,019 |
Unguaranteed estimated residual value |  | 344,393 |  |  | 340,620 |
Present value discount |  | (940,297) |  |  | (963,724) |
Allowance for losses on net investment in leases |  | (10,937) |  |  | — |
Net investment in leases(1) |  | $ | 413,736 |  |  | $ | 418,915 |
_______________________________________________________________________________ (1)As of June 30, 2020 and December 31, 2019, all of the Company's net investment in leases were current in their payment status and performing in accordance with the terms of the respective leases. As of June 30, 2020, the risk rating on the Company's net investment in leases was 2.0 (refer to Note 3).
Schedule of future minimum lease payments to be collected under sales-type leases | Future minimum lease payments to be collected under sales-type leases, excluding lease payments that are not fixed and determinable, in effect as of June 30, 2020, are as follows by year ($ in thousands):
|  |  |  |  |  |  |  | Amount
2020 (remaining six months) |  |  |  |  |  |  |  | $ | 8,380 |
2021 |  |  |  |  |  |  |  | 28,000 |
2022 |  |  |  |  |  |  |  | 30,481 |
2023 |  |  |  |  |  |  |  | 30,481 |
2024 |  |  |  |  |  |  |  | 30,481 |
Thereafter |  |  |  |  |  |  |  | 892,754 |
Total undiscounted cash flows |  |  |  |  |  |  |  | $ | 1,020,577 |
Schedule of changes in allowance for losses on net investment in leases | Changes in the Company's allowance for losses on net investment in leases for the three and six months ended June 30, 2020 were as follows ($ in thousands):
|  | Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |
Reserve for losses on net investment in leases at beginning of period |  | $ | 10,403 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  |
Initial allowance recorded upon adoption of new accounting standard(1) |  | — |  |  | 9,111 |  |  |  |  |  |  |  |  |  |
Provision for losses on net investment in leases(2) |  | 534 |  |  | 1,826 |  |  |  |  |  |  |  |  |  |  |
Allowance for losses on net investment in leases at end of period |  | $ | 10,937 |  |  | $ | 10,937 |  |  |  |  |  |  |  |  |  |  |
_________________________________________________________ (1)The Company recorded an initial allowance for losses on net investment in leases of $9.1 million upon the adoption of ASU 2016-13 on January 1, 2020 (refer to Note 3). (2)During the three and six months ended June 30, 2020, the Company recorded an allowance for losses on net investment in leases of $0.5 million and $1.8 million, respectively, primarily resulting from the macroeconomic impact of COVID-19 on commercial real estate markets and the adoption of ASU 2016-13 (refer to Note 3).

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121576215&loc=SL77919391-209981 + Details
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- Definition Tabular disclosure of allowance for credit loss on net investment in sales-type financing lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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