Lease Receivable Lease Receivable

6 Months Ended

Jun. 27, 2020

6. Lease Receivable

The Company recognizes revenue and costs, as well as a lease receivable, at the time embedded sales-type leases within its deferred equipment agreements commence. Lease revenue related to both operating-type and sales-type leases for the three months ended June 27, 2020 and June 29, 2019 was approximately $8.0 million and $10.0 million, respectively, and is included within product revenue in the accompanying condensed consolidated statements of operations. Lease revenue related to both operating-type and sales-type leases for the six months ended June 27, 2020 and June 29, 2019 was approximately $18.0 million and $22.0 million, respectively. Costs related to embedded leases within the Company’s deferred equipment agreements are included in cost of goods sold in the accompanying condensed consolidated statements of operations.

Lease receivable consists of the following (in thousands):



	June 27, 2020			December 28, 2019
Lease receivable	$	73,517		$	70,589
Allowance for credit loss	(182		)	(403		)
Lease receivable, net	73,335			70,186
Less: current portion of lease receivable	(21,217		)	(20,250		)
Lease receivable, noncurrent	$	52,118		$	49,936

As of June 27, 2020, estimated future maturities of customer sales-type lease receivables for each of the following fiscal years are as follows (in thousands):



Fiscal year	Amount
2020 (balance of year)	$	11,280
2021	19,461
2022	16,323
2023	12,036
2024	8,125
Thereafter	6,110
Total	$	73,335

Estimated future operating lease payments expected to be received from customers under deferred equipment agreements are not material as of June 27, 2020.