Investment in Sales-Type Leases, Net

3 Months Ended

Mar. 31, 2016

On recurring basis, we enter into sales-type lease transactions which vary in length from one to five 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 March 31, 2016 and December 31, 2015:



	March 31, 2016			December 31, 2015
	(In thousands)
Minimum lease payments to be received, net	$	32,541		$	22,255
Less: Unearned interest income portion	(2,470		)	(1,014		)
Investment in sales-type leases, net	30,071			21,241
Less: Short-term investment in sales-type leases, net⁽¹⁾	(9,034		)	(6,757		)
Long-term investment in sales-type leases, net	$	21,037		$	14,484

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

The Company evaluates its sales-type leases individually and collectively for impairment. The allowance for credit losses were $0.3 million and $0.2 million as of March 31, 2016 and of December 31, 2015, respectively.

At March 31, 2016, the future minimum lease payments under sales-type leases are as follows:



	March 31, 2016
	(In thousands)
Remaining nine months of 2016	$	7,253
2017	9,126
2018	7,328
2019	5,032
2020	3,200
Thereafter	602
Total	$	32,541