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LEASES (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Lease Income - Operating
The components of lease income were as follows:
Three months ended June 30,Six months ended June 30,
 2021202020212020
 (In thousands)
Operating leases
Lease income related to ChoiceLease$386,650 $385,639 $776,261 $785,227 
Lease income related to commercial rental (1)
255,098 161,220 465,382 356,915 
Sales-type leases
Interest income related to net investment in leases$11,040 $12,080 $25,455 $23,724 
Variable lease income excluding commercial rental (1)
$72,129 $58,882 $144,122 $124,389 
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(1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% to 25% of total commercial rental income based on management's internal estimates.
Schedule of Lease Income - Sales Type
The components of net investment in sales-type leases, which are included in "Receivables, net" and "Sales-type leases and other assets" in the Condensed Consolidated Balance Sheets, were as follows:
June 30, 2021December 31, 2020
 (In thousands)
Net investment in the lease — lease payment receivable$589,935 $589,120 
Net investment in the lease — unguaranteed residual value in assets46,034 44,704 
635,969 633,824 
Estimated loss allowance(4,066)(4,025)
Total$631,903 $629,799