Lessor Leases (Tables)

3 Months Ended

Mar. 31, 2019

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, 2019 and December 31, 2018:



	March 31, 2019			December 31, 2018
	(In thousands)
Net minimum lease payments to be received	$	30,806		$	28,295
Less: Unearned interest income portion	(2,348		)	(2,477		)
Net investment in sales-type leases	28,458			25,818
Less: Current portion ⁽¹⁾	(8,989		)	(8,736		)
Long-term net investment in sales-type leases	$	19,469		$	17,082

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⁽¹⁾	The current portion of the net investment in sales-type leases is included in other current assets in the Condensed Consolidated Balance Sheets.

The following table presents the Company’s income recognized from sales-type leases for the three months ended March 31, 2019 and 2018:



	Three months ended March 31,
	2019		2018
	(In thousands)
Sales-type lease revenues	$	11,507	$	9,857
Interest income on sales-type lease receivables	$	409	$	267

Minimum Future Payments from Non-Cancelable Sales-Type Leases

The maturity schedule of future minimum lease payments under sales-type leases retained in-house and the reconciliation to the net investment in sales-type leases reported on the Condensed Consolidated Balance Sheets was as follows:



	March 31, 2019
	(In thousands)
Remaining nine months of 2019	$	8,215
2020	8,016
2021	5,777
2022	5,081
2023	3,097
Thereafter	620
Total future minimum sales-type lease payments	$	30,806
Present value adjustment	(2,348		)
Total net investment in sales-type leases	$	28,458

Operating Lease Income

The following table represents the Company’s income recognized from operating leases for the three months ended March 31, 2019 and 2018:



	Three months ended March 31,
	2019		2018
	(In thousands)
Rental income	$	3,287	$	2,790

Payments to be Received

The maturity schedule of future minimum lease payments under operating leases was as follows:



	March 31, 2019
	(In thousands)
Remaining nine months of 2019	9,124
2020	9,349
2021	7,244
2022	5,205
2023	3,026
Thereafter	1,248
Total future minimum operating lease payments	$	35,196