Leases (Tables)

12 Months Ended

Dec. 31, 2016

Net investment in direct financing and sales-type leases

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



	December 31,
	2016			2015
	(In thousands)
Total minimum lease payments receivable	$	647,111		684,600
Less: Executory costs	(196,469		)	(205,865	)
Minimum lease payments receivable	450,642			478,735
Less: Allowance for uncollectibles	(248		)	(243	)
Net minimum lease payments receivable	450,394			478,492
Unguaranteed residuals	45,748			52,885
Less: Unearned income	(86,668		)	(93,619	)
Net investment in direct financing and sales-type leases	409,474			437,758
Current portion	(76,322		)	(90,055	)
Non-current portion	$	333,152		347,703

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, 2016 and 2015:



	December 31,
	2016		2015
	(In thousands)
Very low risk to low risk	$	192,853	203,388
Moderate	194,234		197,484
Moderately high to high risk	63,555		77,863
	$	450,642	478,735

Future minimum payments for leases

Future minimum payments for leases in effect at December 31, 2016 were as follows:



	As Lessor ⁽¹⁾			As Lessee
	Operating Leases		Direct Financing and Sales-Type Leases	Operating Leases
	(In thousands)
2017	$	1,093,917	97,877	73,064
2018	888,570		87,195	55,481
2019	601,994		71,547	37,697
2020	461,278		62,298	20,663
2021	285,233		49,515	13,111
Thereafter	227,563		82,210	22,276
Total	$	3,558,555	450,642	222,292

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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 $342 million in 2016 and $329 million in both 2015 and 2014. Contingent rentals from direct financing leases included in revenue were $12 million in 2016, $12 million in 2015 and $11 million in 2014 .