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Lessor Leases (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In thousands)
Sales-type lease revenues$6,952 $14,388 $25,564 $27,960 
Cost of sales-type lease revenues(3,912)(7,141)(15,209)(14,183)
Selling profit on sales-type lease revenues$3,040 $7,247 $10,355 $13,777 
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 September 30, 2024 and December 31, 2023:
September 30,
2024
December 31,
2023
(In thousands)
Net minimum lease payments to be received$74,595 $65,017 
Less: Unearned interest income portion(12,321)(10,196)
Net investment in sales-type leases62,274 54,821 
Less: Current portion (1)
(11,699)(11,867)
Long-term investment in sales-type leases, net$50,575 $42,954 
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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.
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:
September 30,
2024
(In thousands)
Remaining three months of 2024$3,795 
202514,238 
202612,627 
202711,080 
202810,094 
Thereafter22,761 
Total future minimum sales-type lease payments74,595 
Present value adjustment(12,321)
Total net investment in sales-type leases$62,274 
Schedule of Income Recognized from Operating Leases
The following table represents the Company’s income recognized from operating leases for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In thousands)
Rental income$1,230 $1,330 $2,797 $5,459