Leases (Tables)

12 Months Ended

Dec. 31, 2015

Net investment in direct financing and sales-type leases

The net investment in direct financing and sales-type leases consisted of:



	December 31,
	2015			2014
	(In thousands)
Total minimum lease payments receivable	$	684,600		659,551
Less: Executory costs	(205,865		)	(210,241	)
Minimum lease payments receivable	478,735			449,310
Less: Allowance for uncollectibles	(243		)	(288	)
Net minimum lease payments receivable	478,492			449,022
Unguaranteed residuals	52,885			55,992
Less: Unearned income	(93,619		)	(88,003	)
Net investment in direct financing and sales-type leases	437,758			417,011
Current portion	(90,055		)	(85,946	)
Non-current portion	$	347,703		331,065

Credit risk profile by creditworthiness category of direct financing lease receivables

The following table presents the credit risk profile by creditworthiness category of our direct financing lease receivables at December 31, 2015:



	December 31,
	2015		2014
	(In thousands)
Very low risk to low risk	$	203,388	198,496
Moderate	197,484		158,790
Moderately high to high risk	77,863		92,024
	$	478,735	449,310

Future minimum payments for leases

Future minimum payments for leases in effect at December 31, 2015 were as follows:



	As Lessor ⁽¹⁾			As Lessee
	Operating Leases		Direct Financing Leases	Operating Leases
	(In thousands)
2016	$	1,049,766	111,116	74,103
2017	857,397		93,215	39,265
2018	678,150		76,073	21,675
2019	481,790		60,062	14,066
2020	298,659		50,402	6,896
Thereafter	241,589		87,867	17,420
Total	$	3,607,351	478,735	173,425

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(1)

Amounts do not include contingent rentals, which may be received under certain leases on the basis of miles or changes in the Consumer Price Index. Contingent rentals from operating leases included in revenue were $329 million in 2015 and $318 million in both 2014 and 2013. Contingent rentals from direct financing leases included in revenue were $12 million in 2015 and $11 million in each of 2014 and 2013 .