XML 44 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Lessor Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of 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, 2024 and 2023:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Sales-type lease revenues$11,576 $7,856 $18,612 $13,572 
Cost of sales-type lease revenues(7,110)(4,380)(11,297)(7,042)
Selling profit on sales-type lease revenues$4,466 $3,476 $7,315 $6,530 
Schedule of 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, 2024 and December 31, 2023:
June 30,
2024		December 31,
2023
(In thousands)
Net minimum lease payments to be received$75,410 $65,017 
Less: Unearned interest income portion(12,533)(10,196)
Net investment in sales-type leases62,877 54,821 
Less: Current portion (1)
(12,575)(11,867)
Long-term investment in sales-type leases, net50,302 42,954 
_________________________________________________
(1)    The current portion of the net investment in sales-type leases is included in other current assets in the Condensed Consolidated Balance Sheets.
Schedule of 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,
2024
(In thousands)
Remaining six months of 2024$8,163 
202514,493 
202612,431 
202710,780 
20289,692 
Thereafter19,851 
Total future minimum sales-type lease payments75,410 
Present value adjustment(12,533)
Total net investment in sales-type leases$62,877 
Schedule of 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, 2024 and 2023:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Rental income$711 $1,870 $1,567 $4,129