Lessor Leases (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020, and 2019:

	Year Ended December 31,
	2021		2020		2019
	(In thousands)
Sales-type lease revenues	$	21,887	$	26,040	$	37,175
Cost of sales-type lease revenues	(8,918)		(10,624)		(14,985)
Selling profit on sales-type lease revenues	$	12,969	$	15,416	$	22,190
Interest income on sales-type lease receivables	$	1,869	$	1,933	$	1,756

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, 2021 and 2020:

	December 31,
	2021		2020
	(In thousands)
Net minimum lease payments to be received	$	31,444	$	35,331
Less: Unearned interest income portion	(2,388)		(2,929)
Net investment in sales-type leases	29,056		32,402
Less: Current portion (1)	(10,665)		(10,246)
Long-term investment in sales-type leases, net	$	18,391	$	22,156

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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, 2021
	(In thousands)
2022	$	11,490
2023	8,482
2024	5,710
2025	3,768
2026	1,607
Thereafter	387
Total future minimum sales-type lease payments	31,444
Present value adjustment	(2,388)
Total net investment in sales-type leases	$	29,056

Income Recognized from Operating Leases

The following table represents the Company’s income recognized from operating leases for the years ended December 31, 2021, 2020, and 2019:

	Year Ended December 31,
	2021		2020		2019
	(In thousands)
Rental income	$	10,467	$	11,668	$	12,660

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, 2021
	(In thousands)
2022	$	6,318
2023	2,858
2024	852
2025	256
2026	89
Thereafter	179
Total future minimum operating lease payments	$	10,552