Net Investment in Sales-Type Leases

3 Months Ended

Mar. 31, 2015

The terms of our sales-type leases are generally up to five years in length. Sales-type lease receivables are collateralized by the underlying equipment. Net investment in sales-type leases consist of the following components:



	March 31, 2015			December 31, 2014
	(In thousands)
Net minimum lease payments to be received	$	17,022		$	17,616
Less: unearned interest income portion	(1,068		)	(1,131		)
Net investment in sales-type leases	15,954			16,485
Less: short-term portion	(5,511		)	(5,637		)
Long-term net investment in sales-type leases	$	10,443		$	10,848

We evaluate our sales-type leases individually and collectively for impairment, and recorded no collective allowance for credit losses as of March 31, 2015 and $0.2 million as of December 31, 2014.

The minimum lease payments under sales-type leases are as follows:



	March 31, 2015
	(In thousands)
Remainder of 2015	$	4,689
2016	5,053
2017	4,024
2018	2,383
2019	844
Thereafter	29
Total	$	17,022