Net Investment in Sales-Type Leases

12 Months Ended

Dec. 31, 2015

On recurring basis, the Company enters into sales-type lease transactions which vary in length from 1.0 year to 5.0 years. The receivables as a result of these types of transactions are collateralized by the underlying equipment leased and consist of the following components at December 31, 2015 and December 31, 2014:



	December 31, 2015			December 31, 2014
	(In thousands)
Net minimum lease payments to be received	$	22,255		$	17,616
Less: unearned interest income portion	(1,014		)	(1,131		)
Net investment in sales-type leases	21,241			16,485
Less: short-term portion⁽¹⁾	(6,757		)	(5,637		)
Long-term net investment in sales-type leases	$	14,484		$	10,848

(1) The short-term portion of the net investments in sales-type leases are included in the other current assets on the Consolidated Balance Sheets.

The Company evaluates its sales-type leases individually and collectively for impairment, and recorded allowance for credit losses of $0.2 million as of December 31, 2015 and December 31, 2014.

At December 31, 2015, the future minimum lease payments to be received under sales-type leases are as follows:



Year ended December 31,	(In thousands)
2016	$	7,381
2017	6,252
2018	4,471
2019	2,500
2020	1,651
Total	$	22,255