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Net Investment in Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of net investment in leases
The Company's net investment in leases were comprised of the following as of December 31, 2020 and December 31, 2019 ($ in thousands):
December 31, 2020December 31, 2019
Total undiscounted cash flows$1,020,921 $1,042,019 
Unguaranteed estimated residual value345,284 340,620 
Present value discount(926,233)(963,724)
Allowance for losses on net investment in leases(10,871)— 
Net investment in leases(1)
$429,101 $418,915 
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(1)As of December 31, 2020 and 2019, all of the Company's net investment in leases were current in their payment status and performing in accordance with the terms of the respective leases. As of December 31, 2020, the risk rating on the Company's net investment in leases was 2.0 (refer to Note 3).
Schedule of future minimum lease payments to be collected under sales-type leases Future minimum lease payments to be collected under sales-type leases, excluding lease payments that are not fixed and determinable, in effect as of December 31, 2020, are as follows by year ($ in thousands):
Amount
2021$14,248 
202230,481 
202341,854 
202441,584 
202530,481 
Thereafter862,273 
Total undiscounted cash flows$1,020,921 
Schedule of changes in allowance for losses on net investment in leases
Allowance for Losses on Net Investment in Leases—Changes in the Company's allowance for losses on net investment in leases for the year ended December 31, 2020 were as follows ($ in thousands):
Allowance for losses on net investment in leases at beginning of period$— 
Initial allowance recorded upon adoption of new accounting standard(1)
9,111
Provision for losses on net investment in leases(2)
1,760 
Allowance for losses on net investment in leases at end of period$10,871 
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(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 year ended December 31, 2020, the Company recorded a provision for losses on net investment in leases of $1.8 million resulting primarily from the macroeconomic impact of the COVID-19 pandemic on commercial real estate markets and the adoption of ASU 2016-13 (refer to Note 3).