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Lessor Leases (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2023 and 2022:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(In thousands)
Sales-type lease revenues$7,856 $17,413 $13,572 $23,918 
Cost of sales-type lease revenues(4,380)(8,528)(7,042)(11,606)
Selling profit on sales-type lease revenues$3,476 $8,885 $6,530 $12,312 
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 June 30, 2023 and December 31, 2022:
June 30,
2023
December 31,
2022
(In thousands)
Net minimum lease payments to be received$53,675 $50,755 
Less: Unearned interest income portion(7,558)(6,345)
Net investment in sales-type leases46,117 44,410 
Less: Current portion (1)
(11,078)(11,486)
Long-term investment in sales-type leases, net$35,039 $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:
June 30,
2023
(In thousands)
Remaining six months of 2023$6,956 
202411,780 
20259,360 
20267,727 
20276,280 
Thereafter11,572 
Total future minimum sales-type lease payments53,675 
Present value adjustment(7,558)
Total net investment in sales-type leases$46,117 
Income Recognized from Operating Leases
The following table represents the Company’s income recognized from operating leases for the three and six months ended June 30, 2023 and 2022:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(In thousands)
Rental income$1,870 $2,421 $4,129 $4,893