Lessor Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Income Recognized from Sales-Type Leases

The following table presents the Company’s income recognized from sales-type leases for the years ended December 31, 2020, 2019, and 2018:

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Sales-type lease revenues	$	26,040	$	37,175	$	39,167
Cost of sales-type lease revenues	(10,624)		(14,985)		(16,185)
Selling profit on sales-type lease revenues	$	15,416	$	22,190	$	22,982
Interest income on sales-type lease receivables	$	1,933	$	1,756	$	1,296

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 December 31, 2020 and 2019:

	December 31,
	2020		2019
	(In thousands)
Net minimum lease payments to be received	$	35,331	$	32,360
Less: Unearned interest income portion	(2,929)		(2,840)
Net investment in sales-type leases	32,402		29,520
Less: Current portion (1)	(10,246)		(9,770)
Long-term investment in sales-type leases, net	$	22,156	$	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 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 Consolidated Balance Sheets was as follows:

	December 31, 2020
	(In thousands)
2021	$	11,312
2022	9,499
2023	7,334
2024	4,535
2025	2,616
Thereafter	35
Total future minimum sales-type lease payments	35,331
Present value adjustment	(2,929)
Total net investment in sales-type leases	$	32,402

Income Recognized from Operating Leases

The following table represents the Company’s income recognized from operating leases for the years ended December 31, 2020, 2019, and 2018:

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Rental income	$	11,668	$	12,660	$	12,207

Maturity Schedule of Future Minimum Lease Payments under Operating Leases

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

	December 31, 2020
	(In thousands)
2021	$	8,848
2022	4,816
2023	2,910
2024	852
2025	256
Thereafter	89
Total future minimum operating lease payments	$	17,771