Net Investment in Sales-Type Leases

12 Months Ended

Dec. 31, 2016

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, 2016 and December 31, 2015:



	December 31, 2016			December 31, 2015
	(In thousands)
Net minimum lease payments to be received	$	33,591		$	22,255
Less: unearned interest income portion	(2,763		)	(1,014		)
Net investment in sales-type leases	30,828			21,241
Less: short-term portion⁽¹⁾	(10,243		)	(6,757		)
Long-term net investment in sales-type leases	$	20,585		$	14,484

(1) The short-term portion of the net investments in sales-type leases is included in the other current assets on the 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 December 31, 2016 and December 31, 2015 respectively.

At December 31, 2016, the future minimum lease payments to be received under sales-type leases are as follows:



Year ended December 31,	(In thousands)
2017	$	11,172
2018	7,934
2019	6,240
2020	4,303
2021	2,396
Thereafter	1,546
Total	$	33,591