Lessor Leases (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022, 2021, and 2020:

	Year Ended December 31,
	2022		2021		2020
	(In thousands)
Sales-type lease revenues	$	38,959	$	21,887	$	26,040
Cost of sales-type lease revenues	(19,359)		(8,918)		(10,624)
Selling profit on sales-type lease revenues	$	19,600	$	12,969	$	15,416
Interest income on sales-type lease receivables	$	2,106	$	1,869	$	1,933

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, 2022 and 2021:

	December 31,
	2022		2021
	(In thousands)
Net minimum lease payments to be received	$	50,755	$	31,444
Less: Unearned interest income portion	(6,345)		(2,388)
Net investment in sales-type leases	44,410		29,056
Less: Current portion (1)	(11,486)		(10,665)
Long-term investment in sales-type leases, net	$	32,924	$	18,391

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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, 2022
	(In thousands)
2023	$	13,296
2024	10,343
2025	8,465
2026	6,684
2027	5,718
Thereafter	6,249
Total future minimum sales-type lease payments	50,755
Present value adjustment	(6,345)
Total net investment in sales-type leases	$	44,410

Income Recognized from Operating Leases

The following table represents the Company’s income recognized from operating leases for the years ended December 31, 2022, 2021, and 2020:

	Year Ended December 31,
	2022		2021		2020
	(In thousands)
Rental income	$	9,460	$	10,467	$	11,668

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, 2022
	(In thousands)
2023	$	5,091
2024	866
2025	256
2026	89
2027	—
Thereafter	—
Total future minimum operating lease payments	$	6,302