XML 42 R32.htm IDEA: XBRL DOCUMENT

Lessor Leases - (Tables)

6 Months Ended

Jun. 30, 2019

The following table presents the Company’s income recognized from sales-type leases for the three and six months ended June 30, 2019 and 2018:



	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
	(In thousands)
Sales-type lease revenues	$	13,309	$	7,533	$	24,816	$	17,390
Interest income on sales-type lease receivables	$	399	$	314	808		581

Sales-Type Lease Receivable Components

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, 2019 and December 31, 2018:



	June 30, 2019			December 31, 2018
	(In thousands)
Net minimum lease payments to be received	$	33,279		$	28,295
Less: Unearned interest income portion	(3,047		)	(2,477		)
Net investment in sales-type leases	30,232			25,818
Less: Current portion ⁽¹⁾	(9,191		)	(8,736		)
Long-term net investment in sales-type leases	$	21,041		$	17,082

_________________________________________________

⁽¹⁾

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

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:



	June 30, 2019
	(In thousands)
Remaining six months of 2019	$	6,138
2020	9,088
2021	6,714
2022	6,017
2023	4,027
Thereafter	1,295
Total future minimum sales-type lease payments	$	33,279
Present value adjustment	(3,047		)
Total net investment in sales-type leases	$	30,232

Operating Lease Income

The following table represents the Company’s income recognized from operating leases for the three and six months ended June 30, 2019 and 2018:



	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
	(In thousands)
Rental income	$	3,365	$	3,011	$	6,652	$	5,801

Payments to be Received

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



	June 30, 2019
	(In thousands)
Remaining six months of 2019	6,790
2020	9,332
2021	7,033
2022	5,051
2023	2,901
Thereafter	1,197
Total future minimum operating lease payments	$	32,304