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Investment in Sales-Type Leases, Net
 6 Months Ended
Jun. 30, 2016
Leases [Abstract]  
Investment in Sales-Type Leases, Net
Investment in Sales-Type Leases, Net
On a 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 June 30, 2016 and December 31, 2015:  

 
June 30,
2016
 
December 31,
2015
 
(In thousands)
Minimum lease payments to be received, net
$
30,273

 
$
22,255

  Less: Unearned interest income portion
(2,638
)
 
(1,014
)
Investment in sales-type leases, net
27,635

 
21,241

  Less: Short-term investment in sales-type leases, net(1)
(7,924
)
 
(6,757
)
Long-term investment in sales-type leases, net
$
19,711

 
$
14,484


(1) The short-term portion of the net investments in sales-type leases are included in 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 June 30, 2016 and of December 31, 2015, respectively.
At June 30, 2016, the future minimum lease payments under sales-type leases are as follows:
 
June 30,
2016
 
(In thousands)
Remaining six months of 2016
$
4,677

2017
8,340

2018
6,712

2019
4,933

2020
3,080

Thereafter
2,531

Total
$
30,273