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Lease Receivable | 6 Months Ended
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Jul. 03, 2021
Leases [Abstract] |
Lease Receivable | 6. Lease Receivable The Company recognizes revenue and costs, as well as a lease receivable, at the time the lease commences pursuant to deferred equipment agreements containing embedded sales-type leases. Lease revenue related to both operating-type and sales-type leases for the three months ended July 3, 2021 and June 27, 2020 was approximately $18.0 million and $8.0 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 July 3, 2021 and June 27, 2020 was approximately $28.0 million and $18.0 million, respectively, and is included within product revenue in the accompanying condensed consolidated statements of operations. 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):
| July 3, 2021 |  | January 2, 2021 |  |
Lease receivable | $ | 92,078 |  |  | $ | 81,074 |  |  |
Allowance for credit loss | (230) |  |  | (202) |  |  |
Lease receivable, net | 91,848 |  |  | 80,872 |  |  |
Less: current portion of lease receivable | (26,650) |  |  | (23,206) |  |  |
Lease receivable, noncurrent | $ | 65,198 |  |  | $ | 57,666 |  |  |
As of July 3, 2021, estimated future maturities of customer sales-type lease receivables for each of the following fiscal years are as follows (in thousands):
Fiscal year | Amount
2021 (balance of year) | $ | 26,650 |
2022 | 22,526 |
2023 | 17,572 |
2024 | 11,971 |
2025 | 8,026 |
Thereafter | 5,103 |
Total | $ | 91,848 |
Estimated future operating lease payments expected to be received from customers under deferred equipment agreements are not material as of July 3, 2021.

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- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=77888252 + Details
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