Financed Lease Receivables

12 Months Ended

Dec. 31, 2011

Financed Lease Receivables [Abstract]

Financed Lease Receivables

NOTE 3. FINANCED LEASE RECEIVABLES

The Company has entered into sales type leases to finance certain equipment sales to customers. The lease agreements have a bargain purchase option at the end of the lease term. The minimum lease payments receivable and the net investment included in accounts receivable for such leases are as follows:

(in thousands)	December 31,
	2011			2010
Gross minimum lease payments receivable	$	2,612		$	2,850
Less – unearned interest		(226	)		(261	)
Net investment in sales type lease receivables	$	2,386		$	2,589

As of December 31, 2011, the future minimum lease payments under non-cancelable sales-type leases to be received in 2012 and thereafter are as follows:

(in thousands)
Year Ended December 31,
2012	$	2,427
2013		170
2014		15
2015 and thereafter		—
Total minimum future lease payments		$2,612