Net Investment in Sales-Type Leases

6 Months Ended

Jun. 30, 2012

Capital Leases in Financial Statements of Lessor Disclosure

Net Investment in Sales-Type Leases

The Company has sales-type leases with a term of three years. Sales-type lease receivables are collateralized by the underlying equipment. The components of our net investment in sales-type leases are as follows (in thousands):



	June 30,			December 31,
	2012			2011
Net minimum lease payments to be received	$	1,588		$	—
Less unearned interest income portion	(151		)	—
Net investment in sales-type leases	1,437			—
Less current portion	(498		)	—
Non-current net investment in sales-type leases	$	939		$	—

There were no allowances for doubtful accounts for each of the periods ending June 30, 2012 and December 31, 2011.

The minimum lease payments under sales-type leases as of June 30, 2012 were as follows (in thousands):



2012 (remaining six months)	$	289
2013	578
2014	578
2015	144
2016 and thereafter	—
Total	$	1,589

- 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+ Details