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Lessor Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Income Recognized from Sales-Type Leases
The following table presents the Company’s income recognized from sales-type leases for the three months ended March 31, 2023 and 2022:
Three Months Ended March 31,
20232022
(In thousands)
Sales-type lease revenues$5,716 $6,505 
Cost of sales-type lease revenues(2,662)(3,078)
Selling profit on sales-type lease revenues$3,054 $3,427 
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 March 31, 2023 and December 31, 2022:
March 31,
2023
December 31,
2022
(In thousands)
Net minimum lease payments to be received$50,356 $50,755 
Less: Unearned interest income portion(6,559)(6,345)
Net investment in sales-type leases43,797 44,410 
Less: Current portion (1)
(11,053)(11,486)
Long-term investment in sales-type leases, net$32,744 $32,924 
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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:
March 31,
2023
(In thousands)
Remaining nine months of 2023$9,810 
202410,710 
20258,707 
20267,073 
20275,627 
Thereafter8,429 
Total future minimum sales-type lease payments50,356 
Present value adjustment(6,559)
Total net investment in sales-type leases$43,797 
Income Recognized from Operating Leases
The following table represents the Company’s income recognized from operating leases for the three months ended March 31, 2023 and 2022:
Three Months Ended March 31,
20232022
(In thousands)
Rental income$2,259 $2,472