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Lease Receivable | 12 Months Ended
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Jan. 01, 2022
Leases [Abstract] |
Lease Receivable | 6. Lease Receivable Upon the Company’s adoption of ASC 842, 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 years ended January 1, 2022 and January 2, 2021 was approximately $59.4 million and $42.6 million, respectively, and is included within product revenue in the accompanying consolidated statements of operations. Costs related to embedded leases within the Company’s deferred equipment agreements are included in cost of goods sold. See “Recently Adopted Accounting Pronouncements” in Note 2 to these consolidated financial statements for additional information related to the Company’s adoption of ASC 842. Lease receivable consists of the following (in thousands):
| January 1, 2022 |  | January 2, 2021
Lease receivable | $ | 102,609 |  |  | $ | 81,074 |
Allowance for credit loss | (255) |  |  | (202) |
Lease receivable, net | 102,354 |  |  | 80,872 |
Less: current portion of lease receivable | (28,666) |  |  | (23,206) |
Lease receivable, noncurrent | $ | 73,688 |  |  | $ | 57,666 |
As of January 1, 2022, estimated future maturities of customer sales-type lease receivables for each of the following fiscal years are as follows (in thousands):
Fiscal year | Amount
2022 | $ | 28,666 |
2023 | 24,297 |
2024 | 20,552 |
2025 | 14,428 |
2026 | 7,993 |
Thereafter | 6,418 |
Total | $ | 102,354 |
Estimated future operating lease payments expected to be received from customers under deferred equipment agreements are not material as of January 1, 2022.

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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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