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Lessor Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Income Recognized from Sales-Type Leases
The following table presents the Company’s income recognized from sales-type leases for the three and nine months ended September 30, 2020 and 2019:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
(In thousands)
Sales-type lease revenues$6,033 $9,017 $19,037 $33,833 
Cost of sales-type lease revenues(2,486)(3,409)(7,710)(13,804)
Selling profit on sales-type lease revenues$3,547 $5,608 $11,327 $20,029 
Interest income on sales-type lease receivables$450 $527 $1,437 $1,335 
Components of Sales-Type Lease Receivables
The receivables as a result of these types of transactions are collateralized by the underlying equipment leased and consist of the following components at September 30, 2020 and December 31, 2019:
September 30,
2020
December 31,
2019
(In thousands)
Net minimum lease payments to be received$35,837 $32,360 
Less: Unearned interest income portion(3,044)(2,840)
Net investment in sales-type leases32,793 29,520 
Less: Current portion (1)
(10,283)(9,770)
Long-term investment in sales-type leases, net$22,510 $19,750 
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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.
Maturity Schedule of Future Minimum Lease Payments under 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:
September 30,
2020
(In thousands)
Remaining three months of 2020$4,654 
20219,714 
20228,867 
20236,698 
20243,904 
Thereafter2,000 
Total future minimum sales-type lease payments35,837 
Present value adjustment(3,044)
Total net investment in sales-type leases$32,793 
Income Recognized from Operating Leases
The following table represents the Company’s income recognized from operating leases for the three and nine months ended September 30, 2020 and 2019:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
(In thousands)
Rental income$2,863 $2,896 $8,864 $9,548