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LEASES | 6 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
LEASES | LEASES Leases as Lessor The components of lease income were as follows:
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
|  | (In thousands)
Operating leases |  |  |  |  |  |  |  |
Lease income related to ChoiceLease |  | $ | 386,650 |  |  | $ | 385,639 |  |  | $ | 776,261 |  |  | $ | 785,227 |
Lease income related to commercial rental (1) |  | 255,098 |  |  | 161,220 |  |  | 465,382 |  |  | 356,915 |
Sales-type leases |  |  |  |  |  |  |  |
Interest income related to net investment in leases |  | $ | 11,040 |  |  | $ | 12,080 |  |  | $ | 25,455 |  |  | $ | 23,724 |
Variable lease income excluding commercial rental (1) |  | $ | 72,129 |  |  | $ | 58,882 |  |  | $ | 144,122 |  |  | $ | 124,389 |
———————————— (1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% to 25% of total commercial rental income based on management's internal estimates. The components of net investment in sales-type leases, which are included in "Receivables, net" and "Sales-type leases and other assets" in the Condensed Consolidated Balance Sheets, were as follows:
| June 30, 2021 |  | December 31, 2020 |  |
| (In thousands)
Net investment in the lease — lease payment receivable | $ | 589,935 |  |  | $ | 589,120 |  |  |
Net investment in the lease — unguaranteed residual value in assets | 46,034 |  |  | 44,704 |  |  |
| 635,969 |  |  | 633,824 |  |  |
Estimated loss allowance | (4,066) |  |  | (4,025) |  |  |
Total | $ | 631,903 |  |  | $ | 629,799 |  |  |
LEASES | LEASES Leases as Lessor The components of lease income were as follows:
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
|  | (In thousands)
Operating leases |  |  |  |  |  |  |  |
Lease income related to ChoiceLease |  | $ | 386,650 |  |  | $ | 385,639 |  |  | $ | 776,261 |  |  | $ | 785,227 |
Lease income related to commercial rental (1) |  | 255,098 |  |  | 161,220 |  |  | 465,382 |  |  | 356,915 |
Sales-type leases |  |  |  |  |  |  |  |
Interest income related to net investment in leases |  | $ | 11,040 |  |  | $ | 12,080 |  |  | $ | 25,455 |  |  | $ | 23,724 |
Variable lease income excluding commercial rental (1) |  | $ | 72,129 |  |  | $ | 58,882 |  |  | $ | 144,122 |  |  | $ | 124,389 |
———————————— (1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% to 25% of total commercial rental income based on management's internal estimates. The components of net investment in sales-type leases, which are included in "Receivables, net" and "Sales-type leases and other assets" in the Condensed Consolidated Balance Sheets, were as follows:
| June 30, 2021 |  | December 31, 2020 |  |
| (In thousands)
Net investment in the lease — lease payment receivable | $ | 589,935 |  |  | $ | 589,120 |  |  |
Net investment in the lease — unguaranteed residual value in assets | 46,034 |  |  | 44,704 |  |  |
| 635,969 |  |  | 633,824 |  |  |
Estimated loss allowance | (4,066) |  |  | (4,025) |  |  |
Total | $ | 631,903 |  |  | $ | 629,799 |  |  |

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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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- Definition The entire disclosure for lessor's operating 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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